$120,000 Price Analysis    ♡   Martinsville, IN 46151 2 bed 1 bath 1,200 SqFt ($100/SqFt) 8,712SqFt lot. Built 1970 Listed 2024-03-05, Taxes $523 | ✓ USDA Eligible near Martinsville, IN |
Action Required: No Wholesaler offers will be considered.
Proof of funds and all contracts must be in the name of the end user. Fix it up and keep it as a rental and raise rents to fair market value (Shortage of Section 8 Housing in Anderson. See upside remarks below) Upside Potential: According to the 2024 HUD Fair Market Rents (FMRs) for th 46151 Zip Code, there is substantial room for rent increase, with the potential to raise total rent to $1, 349. Property can be sold as a package deal. (See remarks below) Listing Broker has a spreadsheet with underwriting analysis on investment property, PDF copy of the underwriting on file.
If represented by an outside agency, connect your representative. In order to receive financ ial information and data analysis buyers must register through the listing broker even if represented by an outside agency. Please note: Interior of property has not been examined due to distressed conditions. All financial projections and data are based on available information and should be independently verified by the buyer. Once under contract, buyers may conduct physical inspection to verify the condition of property. Property is being sold as-is. Package: 2317 Fletcher Ave ($95k with all 3 lots), 2512 Fletcher Ave ($35k), 1911 Noble St ($35k), 371 W Douglas St ($120k)
Presented by Jordan Ice at
Fair Market Value Investment Sales.
Property MLS #21966961 from MIBOR
Bedrooms On Main Level: 2
Primary Bedroom Dimensions: 10 x 10
Bedroom 2 Dimensions: 10 x 10
Primary Bedroom Level: Main
Bedroom 2 Level: Main
Full Bathrooms: 1
Full Bathrooms On Main Level: 1
Lot Size Square Feet: 8712
Middle School: John R. Wooden Middle School
Map directions Map directions Map directions Map directionsCounty: Morgan
Directions: GPS Friendly
Tax Year: 2023
Source Property Type: Residential
Area: 5512 - Morgan - Washington
Source Neighborhood: Martinsville
Parcel Number: 550933328001000021
Postal Code Plus 4: 1004
Subdivision: Martinsville
Township: Washington
Property Subtype: Single Family Residence
Lot Number: 021
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2021 | $18,400 + $10,000 $28,400 | $523 |
| 2020 | $18,400 + $10,000 $28,400 | $505 |
| 2019 | $18,400 + $10,000 $28,400 | $809 |
| 2018 | $20,000 + $10,000 $30,000 | $839 |
| 2017 | $19,700 + $10,000 $29,700 | $562 |
| 2016 | $19,700 + $10,000 $29,700 | $566 |
| 2015 | $19,700 + $10,000 $29,700 | $271 |
| 2014 | $21,400 + $10,000 $31,400 | $494 |
$120,000
MIBOR
Year Built: 1970
Levels: One
Property Age: 54
Total Area Main: 1200
 |  |  |  |  |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.