HUGE OPPORTUNITY!!! Name Your Price!!! ALL OFFERS Considered on this 3/2 SFH
Fix and Flip/Buy and Hold/BRRR
112 S Elm St Eaton, IN
Original Asking Price $80,000
Seller’s loss is your gain! This vacant 3/2, 1731 Sq Ft home with a gigantic, oversized garage on a corner lot had a leak under the kitchen sink. Seller doesn’t live there and house has been closed up. Recent visit revealed the leak which has caused issues to the floor and some mold in the kitchen. We know the cost to repair will not be substantial, however, we are willing to consider offers that will more than compensate for the cost to repair.
This property is located next to Muncie in the quiet town of Eaton. It features a front room, a living room/dining area, a large eat in kitchen, a master bedroom ensuite on the main floor and 2 additional extra large bedrooms and a bathroom on the upper level. There is another huge room located between the house and the garage.
As a buy and hold, per Rentometer, average rent in this area for a 3/2 is $1200. This would also be an ideal fix and flip, because most of the work is cosmetic, however, in addition to the attention needed in the kitchen, it might need some tuck pointing as shown in pictures and there are some areas outside that would benefit from replacement or scrape and painting.
Owner believes the roof is 20 years old with no known issues, the working water heater is 10 years old, and it will need a new furnace. This property was appraised for $91k in 2023. Average ARV for this property is $153,210.
Please click here for MLS Comps: MLS Comps 112 S Elm St.pdf – Google Drive
Please click here for Additional Photos and Video: Pics 112 S Elm St Eaton, IN – Google Drive
ALL OFFERS WILL BE CONSIDERED, BEST OFFER WILL BE ACCEPTED
The property will be available to walk on Friday, Sept 26th.
Please contact Lisa for details.