NOW ONLY $20k with POTENTIAL up to $1380 MONTHLY RENTAL INCOME!
1509 W 1st Street Marion, IN 46952
$20k
This 1010 sq ft 2/1 SFH could easily be converted into a 3/2 or 4/2 with potential to earn up to $1380 per month! Converting the front room into a 3rd bedroom is simple with the addition of a door and there is a large backroom that could also be made into a 4th bedroom! The room with the water heater has more than enough space for an additional full bath. The property also features a living room, an eat in kitchen, and a detached 1 car garage. Age/Condition of mechanicals is unknown. Per Owner, roof was replaced 3 ½ years ago. Rehab work needed to have rent ready includes, but is not limited to, new flooring, painting, drywall work, ceiling patching and kitchen/bathroom updates. Outside needs some repairs as shown in the pictures. Power washing and garage painting would enhance overall appearance. Please note the water heater valve was leaking which caused damage to the floor as seen in the pictures, however per the Owner, the valve and floor have been fixed since photos. Click link for video walkthrough and additional pictures:
Video: IMG_2464.MOV – Google Drive
Pictures: Pics 1509 W 1st 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!