FINAL PRICE REDUCTION!!! Duplex/SFH – Buy and Hold or SFH Fix and Flip!!
3002 Columbus Ave. Anderson IN
$60,000 OBO
BEST OFFER WILL BE ACCEPTED!!!
This large 3230 sq. ft. property (including basement) is mid-construction changing back from SFH to Duplex again, but at this point, it could be either! Demo work is done and framing has begun. The home features beautiful original hardwood floors and a glass enclosed from front porch.
Duplex could be 3/1 and 2/1 or 2/1 and 2/1. As SFH there is room enough to have up to 5 bedrooms and 2 baths. This property has a fenced in backyard, a new roof and a 2-car garage which could be divided for duplex tenants to make even more $$$!
Average rent for 5/2 SFH is $1438/Mo. Avg total rent for duplex $1787 per month (3/1 is avg $995/mo and 2/1 avg $792/mo.) Additional fees can be added for garage rental. Anticipate Reno costs for SFH is $20k and Duplex $40k. This Contractor is Available to Finish this project. Ignore the 1% rule and get almost 2%!!! Either Option is a Winner!!!
This would also be ideal as a SFH Fix and Flip! All in for under 70% ARV !!!
Recent ARV Comps for SFH:
3411 Columbus Ave. Anderson, IN
Sold for $140k 3/30/23 2112 sq ft/ $66.29 per sq ft
2622 E Lynn St Anderson, IN
Sold for $155k 5/3/23 3028 sq ft /$51.19 per sq ft
Please call, text, or email Lisa for additional information.
Click here for additional photos: Pics 3002 Columbus Ave Anderson, IN – Google Drive