221 W 6th St, Anderson, IN 46016

5 beds2 baths2,456 sqft Edit

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Off Market
Zestimate®: $58,088
Rent Zestimate®: $643/mo
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My Notes

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Investment opportunity with NO MONEY DOWN. I am selling an investment that I ran out of money on and can't pay the taxes anymore. My loss is your gain. The ideal situation would be for you to lease option the house until you rehab the house. Then you can refinance with NO MONEY DOWN and make at least $300/mo. Rents in this area are $600+ (conservatively) and this house would be great for any renter since there are 4 legal bedrooms with a possible 5th. Make an easy $300/mo net profit with this place after a full rehab. You will get your rehab money back in 5 years and have at least 40% equity. If you are an investor or handyman looking to buy investment property with the least amount of money possible, this is the place. The repair costs are estimated at $15,000 for everything. House could possibly be divided into two lots as well for additional return on investment. Check with city to verify. I am offering a 2 year lease option / purchase option at $300 per month with on option / purchase price of $35,000. Call today. All offers are entertained. Here is the listing: http://www.zillow.com/homedetails/221-W-6th-St-Anderson-IN-46016/80681963_zpid/ Here are detailed pictures: https://picasaweb.google.com/gabriel.eric/221W6thAndersonIN?feat=directlink 221 W 6th Anderson, IN Sincerely, Eric Gabriel - - - - - - - - - - - - - - - - - - - - - - - - Please feel free to contact me should you have any questions. Eric Gabriel Managing Member office: 503-564-4135 fax: 971-404-2729 web: www.gabrielpm.com skype: ericgabriel-gabrielpm Gabriel Property Management, LLC 14525 SW Millikan Way #33190 Beaverton, OR. 97005 applicants/tenants: apply, availability notifications, lease options owners/sellers: sell your property, property management, lease options mission: glorify Christ in all we do. 221 (google map) (yahoo map) Location: Anderson, IN it's NOT ok to contact this poster with services or other commercial interests  More Less 

Facts

  • Lot: 7,187 sqft
  • Single Family
  • Built in 1884
  • Views: 966 all time views
  • Cooling: Wall
  • Heating: Forced air
  • Last sold: Feb 2012 for $4,000

Features

  • Attic
  • Barbecue
  • Cable Ready
  • Ceiling Fan
  • Fireplace
  • Flooring: Carpet, Hardwood
  • Lawn
  • Parking: On street, 200 sqft
  • Patio
  • Porch
  • Unfinished basement

Appliances Included

  • Freezer
  • Microwave
  • Range / Oven
  • Refrigerator

Room Types

  • Dining room
  • Laundry room
  • Master bath
  • Mud room
  • Sun room
  • Walk-in closet

Construction

  • Exterior material: Brick
  • Foundation type: Crawl/Raised
  • Roof type: Asphalt
  • Room count: 12
  • Stories: 2
  • Structure type: Victorian

Other

  • Floor size: 2,456 sqft
  • Heating: Wood / pellet
  • Parcel #: 48-11-12-301-046.000-003
  • Zillow Home ID: 80681963

Zestimate Details

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$58,088
+$1,495 Last 30 days
$45K
$67K
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$643/mo
-$24 Last 30 days
$469
$1K
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Popularity on Zillow

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966 all-time views
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36 forecasted views of this home
in the first 7 days after listing for sale
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Comparable Homes

Homes like this sold for $47-100K.

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Market guide

Zillow predicts Indiana home values will increase 1.3% next year.

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    Nearby Schools in Anderson

    GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org