3/2 or 4/2 RENTAL AMAZING ROI
2304 S Adams St Marion, IN 46953
NOW ONLY $25k!
This 1641 sq ft 3/2 house is an ideal rental. (Please note 2nd bedroom can only be assessed via bedroom 1 or bedroom 2 but there is room for a separate door.) The property can easily be changed into a 4/2 by adding a wall between kitchen and large back room or converting attic into a bedroom. Home features a front room, living room, a huge walk-up attic, covered patio, and parking spots on street and behind the house. 3/2 Average rental rates of $1100-$1450 and 4/2 average rental rate of $1650. As for work needed to have rent ready, the rooms are all in decent shape and most of the work needed is cosmetic including new flooring, painting, repair basement steps, some ceiling work, and some other incidentals. The house did have a fire in the back of the attic, but it appears to have been contained in that area. House would be more appealing with some outside work. Age and condition of roof and mechanicals are unknown. Even with additional costs for repairs, the ROI is amazing!
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Why Marion?
Marion is one of the best cities for rentals in Indiana. The demand is high, and the supply is low. As the city grows, the demand gets even greater! Houses are being renovated all over this city. These rehabbed homes are increasing the comps in the area. As more properties are renovated, the value of your property will continue to increase along with your equity. The mayor is focusing on creating a city that attracts new families and retains those currently living in this small town which is conveniently located between Indianapolis and Fort Wayne. GM has committed to $481 million dollars to help grow commerce and increase jobs. Get in while the getting is good and before the secret is out!
Please click here for a walkthrough video and additional pictures: Pics 2304 S Adams – Google Drive