Long-Term Tenant in Solid Neighborhood

[Jason Richardson]

Great little house available OFF MARKET in a primarily owner occupant neighborhood. Tenants in the house have lived there 7 years and would love to stay indefinitely. Current rent is $500/month. They were paying $650 up until about a year ago, and current owner drop the payment down to help the tenants out. No discussion has been had to raise it back up, but it is a possibility. Some pretty minor deferred maintenance items are going to need to be done that have been neglected previously, but getting those things done for the tenants will assure their happiness in what they have made to be their home. Cash or hard money buyers only, and at this bargain price a quick closing is necessary. Other homes on this street currently listed between $60,000 and $80,000.

Asking Price:   $26,000

Address:  127 Donmoyer Ave, South Bend, IN 46614

Dropbox Photos Link: 

Property Photos

Google Maps Link:

https://goo.gl/maps/QebxO

Call or reply to this ad if interested.  574-651-5343