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$69,900 / 4br - 2586ft2 - Great Fix And Flip Or Buy And Hold Victorian Dream Home (Marion, IN)

N Washington St, Marion, IN 46952

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N Washington St near E Grant St

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4BR / 1.5Ba 2586ft2
Enjoy Expansive Square Footage with Spacious Rooms, Original Wood and a Solid Foundation—All in One Charming Home. Bonus: There is an option to buy this property Sub 2 with great interest rates!!!

Please call me at show contact info if you're unclear about what a subject-to (SUB2) transaction entails. This method offers a fantastic way to purchase this property without needing to secure a new loan. You can assume the existing mortgage and allocate some of your capital towards improving the property.

A true Victorian home, waiting for you to bring its classic woodwork and charming porch back to life. Located near the YMCA and Mississinewa Riverwalk, it offers a prime location. Ideal for those ready to restore its beauty, this property can become an enchanting home or a profitable rental, boasting large square footage and four spacious bedrooms.



CALL ME AT show contact info



Property Details:

🛏️ 4 bedrooms

🛁 1.5 baths

🏠 2,586 Sq. Ft.

💸 This property is the most affordable option for its size and quality in the area, with the added appeal of a Subject To (SUB2) financing option.

📍 Great location near the YMCA and Mississinewa Riverwalk.

🌟 This distinctive, two-story residence features a classic Victorian design with original woodwork, a fireplace and a porch.

📐 Spacious bedroom with large closets (some walk-in), and the bathroom is very big, great for a luxury bathroom makeover.

🔑 Appeals significantly to flippers, first-time homebuyers, or investors seeking a rental opportunity. The property is ready for you to give it your touch.

🪟 8 new windows and the rest of the widows do not need to be replaced.  

🔨 High-Ticket Items: Roof, Flooring, Hot Water Heaters, Furnace, Exterior.

CALL ME AT show contact info



Deal Terms:

Purchase Price(Pay full Cash): $69,900

Subject To:
Total Entry Fee: $34,900 (+ closing cost)
Mortgage Balance: $38,000
Regular Payment Amount(PITI): $814.58
P&I - 630.91
Tax - 82.75
Insurance - 100.92
Interest Rate: 3.6%
No Balloon

Proof of Funds and $5k non-refundable EMD due within 48 hours of signing


⏩ Exit:

LTR - $1100
ARV - $190,000 - $210,000

COMPS
CALL ME AT show contact info

post id: 7745759166

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