1622 S Washington St Marion, IN 49653
Now Only $35,000!!!
This adorable 1196 sq ft 2/1 with a full basement and garage is located on a corner lot. This home has a huge front room that could easily be converted to a 3/1 with the simple addition of a wall. Older roof, used to leak but roof has been patched. Awesome Mo2Mo Tenant who has taken excellent care of home has been in place 21 years without a rent increase. Tenant currently pay $230 and would be willing to pay $500 per month “as is” otherwise, they will be moving out. Avg Rental Rates $860+ for 2/1 or $1000+ as 3/1. Anticipated rehab costs for rent ready is $20-$25k which is mostly cosmetic. New furnace will be needed.
Click here for additional photos and video: Pics 1622 S Washington St Marion, IN – Google Drive
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!