Indianapolis Rental Property For Sale - $49,900

[Rodney Kuhl]

We are looking to sell one of our rental properties before the end of the year. The property is located in the Lawrence area of Indianapolis at 6037 Marilyn Rd.

The property is a 3 bedroom, 2 bathroom, 1-car attached garage, 1900+ sq ft house with a fenced in backyard, big upstairs loft, storage shed and 2nd structure in the backyard with plumbing. Overall, the house itself needs some cosmetic work. The flooring was pulled up after the last tenant, so new flooring is needed. Additionally, some minor work on the drywall, light fixtures, cabinets, and bathrooms would do the trick and get this property back up to full speed. Overall, probably somewhere around $5,000 to $6,000 of rehab. Once the rehab has taken place, should be able to rent this place for $825-$850/mo.

More photos can be seen here:

https://www.dropbox.com/sh/npztlzpq84t3z8q/AAAXAvgLL3ScI3vQ-SmoEixka?dl=0

Details of the property:

Purchase Price: $49,900 or Your Best Offer
Rehab: ~$5,000

Rent: $800-850/mo

The property is being sold As-Is. Buyer pays closing costs. A $2,000 Non-Refundable EMD secures purchase.

This property is currently vacant and available for showing. FOR ACCESS, please contact me directly at 317-572-8020 or [email protected].