She ain't pretty but she's cheap! OWNER OCCUPANTS & INVESTORS - ALL Are welcome for this fixer upper within walking distance to the Indianapolis Motor Speedway and all the local events that goes with it. Making it an ideal platform for Weekender AirBnB. Appears solid and tenantable with some basic maintenance as it was occupied not long ago. Rents are skyrocketing and w/ a little sprucing up, throwing some paint & flooring down. Local rent rates are $1,475-$1,600/mo conservatively on others, some without even a garage. So if you're a savvy investor who knows the game, Cash flow it for 7-8 years then FULLY renovate & resell to MAX OUT the ROI. But if not looking for passive income and just want to flip, Its small, so renovation costs wont be much if on a tight budget or for the DIY'ers. This is an REO Sale and CASH or 20% CONVENTIONAL offers only will be considered. Proof of funds required to submit - earnest deposit of $5000 to be deposited through ACH transfer or WIRE within 48hrs of acceptance. Gas & Electric & Water are off and will not be turned on for any inspections - buyers can pressure test at their own expense but suggest completing prior to offering as there are no contingencies that will be considered on this AS IS sale. No offers will be considered until 7 Days on market in the MLS and allow 2 business days for any offer response. Multiple offers notices may or may not be sent and offers will be submitted as received. Any offers without proof of cash funds under the name of the purchaser will not be eligible for consideration and seller will not consider hard money loans. Seller will provide full clear title and closing locally through State Street Title.
