4084 N 00 EW KOKOMO, IN
$60,000 Cash
Seller Finance Options Available. Finance Terms are as follows: 2 options: $70k purchase price – $30k down payment required for each option, . Contract to purchase Option 1: 15 year payment plan with a balloon at 3 years. 10% interest. Option 2: Interest Only 12% Year 1. At the end of the year payments based on 15 years and a balloon at year 3 (year 3 from day 1) The advantage of these options (especially option 2) is that the amount of money down at start and by end of year one is minimum, so not much is needed in order to renovated and flip it, especially if the flip completed in year one or shortly afterwards. Then everything remaining that’s due gets paid off once the flip sale happens. Property has been gutted. Lots of potential for this SFH that could either be a 4/2 or 5/2. Buy as a fix and flip to sell now or wait until the demand reaches an all time high to maximize your ROI. Kokomo’s increasing industry will increase jobs, population, and the demand for homes and rentals. (See Below) This property has so much potential! The demo is done and much of the framing has been finished. New roof, renovated garage, and new electrical. The house has a glass enclosed porch and a HUMONGOUS backyard featuring an extra deep custom diving pool with slide. Close proximity to Indianapolis. Plenty of parking is available. Conveniently located close to the highway for easy access. Please reach out to Lisa to learn about the other opportunities in and around Kokomo.
WHY KOKOMO?
Kokomo is set to be the home of a new 2.5 billion dollar electric vehicle battery plant that will employ 1,400 workers and the first of many new anticipated businesses related to that industry.
Another Korean EV supplier buys land near EV battery plant | Business | kokomotribune.com
As new jobs are created new need for housing grows. Kokomo is a fantastic place to invest in rentals and this is only expected to get better. Please call, text, or email for additional information.
For more pictures, please click here: Pics 4084 N 00 E W Kokomo, IN – Google Drive