HOT BOSART INDIANAPOLIS, IN 46201

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Description

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

PLEASE DO NOT DISTURB TENANTS. ALSO PLEASE READ AD COMPLETELY. Charming bungalow near Linwood Square in a nice quite area. Pictures are from seven years ago when tenant moved in. Includes stove and refrigerator. Updated kitchen with glass tile, bath and Laminate floor. Screened porch in front, wood deck in rear, fenced yard,. 2BR w loft or can be used as a 3 BR for smaller children as upstairs ceiling is low. 2 Car garage with overhead opener and additional parking in rear. Just around the corner from shopping, banks, post office and restaurants at popular Linwood square. Tenant is on month to month lease at $700/month. Area is improving quickly. House offers great potential to long term hold investor. New roof Jjust installed a year ago. Other updates being done as schedule permits. Pictures represent the house prior to tenant moving in. Has some rough edges but is a good cash flow unit at $700/mo. Looking for an investor who is familiar with the current market trends in the area and will buy "as is" with existing tenant in place. Will need windows and other minor improvements as it was remodeled ten years ago. NOT LOOKING FOR A LIQUIDATION SALE . The house may be purchased individually or as part of a portfolio. Email me for a complete list of properties. Most are north in Hamilton County. Terms are cash, bank financing or potential owner financed to a qualified buyer with SIGNIFICANT equity and down payment. A qualified buyer for owner financing would need to prove significant capital availability to qualify for owner financing and have 30% down. 6 Percent baloon loan over five years. The house will be shown in one open house. Individual showings are not being done as a courtesy to the tenant. The date for the open house will be posted to Zillow once established Closing date is flexible but sooner is better. Financing contingency is acceptable but prefer cash offers. If you are financing you will be required to make up any difference in amount down your bank requires based on appraisal. Inspections are being done in advance by seller, if others are done repairs are not likely to be accepted by seller. The house is priced to assume sold as is. Buyer agents are welcome but their fees will be considered in bid evaluation to determine which bid is most attractive. Seller will work directly with buyers that want to save the real estate commission from their offers. The house is being sold with a tenant in place. The lease is month to month below market at $700/month. Tenant has been in place for 7 years. Communication preferred is email or text. Voice communications can be scheduled as needed.

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