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2242 Park Ave
$42,500
Assignable Contract - SFH
Property Description
✨ Contact for Access Details ✨
2 beds 1 bath
650sqft+ They added a laundry room but will need some work with Flooring. .
On craw space
Solid foundation.
Has duct work .
Gas heat
No AC
Decent size back yard - street parking or you can park in the back of property.
Average rents in 47150 for a 2/1
800$-1,100$
Meets the 1.3% Rule if you get @ least ! Low end $850.00/month and your all in cost is $65,000.00 .
Value add Rental projections $950.00After rehab. 1.46%!
ARV 115k+
Good for long term buy and hold with opportunity for forced appreciation and low barrier for entry . Could potentially add another bedroom or dwelling unit in the back .
Bedrooms
2
Bathrooms
1
Sqft
650
Built Year
Main Location
New Albany, IN 47150
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