PROPERTY DETAILS: You are bidding on the FULL PURCHASE PRICE of this terrific Indianapolis, cottage style home on a HUGE city lot (50x255). Pictures are very recent. Utilities are off. It appears that the former owner had begun to remodel this home and was not able to finish. KITCHEN HAS LAMINATE FLOORING. We do not have a professional estimate for repairs. From what we can see, carpet, paint, some copper plumbing, cosmetic bathroom repairs and not much else will be needed to get this house ready to rent. Local Indy newspaper classifieds indicate a house like this should rent for approximately $400-$450. Huge potential return on your investment. Annual taxes are a low $800. No sign of roof leakage. Vinyl sided, which is a big plus. HOW MUCH WOULD A LARGE CITY LOT WITH ALL UTILITIES ALONE BE WORTH? This house will make an extremely profitable rental. HIGH BID WINS IT. Winner will receive a warranty deed. There are no back taxes or encumberances.
COMPARABLE SALES (from public records):
3453 Olney (2 blocks away) SOLD 11/21/06 has a $54,000 mortgage.
3433 Olney (2 blocks away) SOLD 6/9/06 has a $50,000 mortgage.
3543 N Gale Street (3 blocks away) SOLD 11/20/06 has a $68,000 mortgage.
Current Bid is $3,850.00. Please enter Item #160174187728 in the Ebay Search box to the left.
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