Property offered in Indianapolis, Indiana. This is the best deal. This Duplex is offered by Owner located in Hawaii. Built around 1926 it is approximately 1126.00 square feet. As of now, highest offer: $1.
Kaleo McCabe | Hoopakele Indy, LLC | (808) 398-5622 324 S. Oakland Ave, Indianapolis, IN 2BR/2BA Multi-Family, 2 units offered at $29,999  Year Built 1926 Sq Footage 1,126  Bedrooms 2 Bathrooms 2 full, 0 partial  Floors Unspecified Parking Unspecified  Lot Size 1,742,400 sqft  HOA/Maint $0 per month   DESCRIPTION NOTE TO BIDDERS: Users who are new to eBay or have completed less than five transactions on ebay MUST email Seller immediately with your full name and contact number. If you do not perform this request, we have the right to cancel your bid.   Purchase this property right now and end the auction early. (Send us a message for details)  Or  Take part in the current auction and bid on the property   Property Information Address: 324 S. Oakland Avenue Located in: Indianapolis, Indiana 46201 Total Living Space: 563 Sq Ft per unit ( 1126 sq ft total ) Lot sq ft: 1,742,400 Style: Duplex Total Bedrooms: 2 Total Baths: 2 Annual Taxes: $816 Estimated Rents: $850 per month, $10,200 a year Zestimate: $74,500 eppraisal: $62,215    Excellent opportunity! This property would make either a great rental investment or a nice starter home for a family.         Please do not bid on this property unless you intend to purchase. This auction is for serious investors only and anyone caught bidding on this property without the intention of following through with the purchase will be reported to EBay immediately. We strive to supply investors with the best investment properties at the best prices and by following our rules and EBay’s, we can continue to deliver on Our promise. Thank You…   Please feel free to call us with any questions you may have at 808-398-5622. Or you can send us a message through ebay and we will get back to you promptly.  We welcome all investors to view our properties at any time.  We will accept offers on this property and reserve right to end this auction at any time. Offers must be emailed directly to us or made by phone.  No Liens or Defects in Title YOU MUST READ AND AGREE TO THE TERMS PRIOR TO SUBMITTING A BID.  TERMS       YOU ARE BIDDING ON THE DOWNPAYMENT AMOUNT!!!!! The purchase price is set at $30,000. The difference between your down payment and the purchase price will be carried by our company on a 10 year note at 11%. If the down payment is at least $5,000 the rate will be reduced to 9%.  Great opportunity for a first time home owner or investor: live in one and rent out the other. Great returns in a safe investment like real estate. Condition: This duplex needs some TLC. The rehab estimate for this unit is 16000. You can email me for a copy of the quick estimate of rehab and a link to the pictures. This property can rent for $425 a side. Estimated numbers on the deal are as follows.  Rents: $850 Taxes: $68 Insurance: $50 Management: $90 Vacancy: $80 Principal and Int:$399.48 (Based on $1,000 Down) Cashflow: $240.60/month Cash on Cash Ret.:167% (17% including rehab costs) After you have collected rents for 2 years, you can refinance into a market rate loan and boost your returns. Drop by if you can and take a look. There are no liens on this property and a seller’s disclosure statement will be sent to you upon completion of the auction.  The property is being sold AS IS, Where-IS, and with all faults. Winning bidder will be responsible for paying all closing costs with a title company to close escrow (estimated to be $700), in addition to a $150 processing fee (non-refundable). You must have the funds available or do not BID! SELLER RESERVES RIGHT TO CLOSE AUCTION EARLY IF AN APPROPRIATE OFFER IS RECEIVED (e.g., via email, phone, etc.). ALL SERIOUS OFFERS WILL BE CONSIDERED! Winning bidder MUST follow these guidelines: Within 24-hours of close of auction, we will require the winning bid down payment amount and $150 processing fee to be sent to us via Paypal. The winning bidder is also required to email us your name, address, phone number and email. The name and address will appear on the Warranty deed. A Purchase Agreement will be sent to Buyer within 1 business day for the buyer to sign, initial and send back. Once we receive your payment, the title company will record your name and address on the deed and a copy will be sent to you and to the local County Clerk's Office for recording. Your bid is a binding contract to purchase this property. The property is being sold AS IS, Where-IS, and with all faults. There are no other warranties, either expressed or implied, before, during or after the sale.  The information and property description listed herein was obtained from public records. This information is believed to be accurate but is not guaranteed. Please use all due diligence and ask any questions BEFORE you bid. This property is advertised elsewhere and the seller reserves the right to end this auction should an acceptable offer be made by a qualified buyer. You should feel free to make an offer on this property. You may be surprised as we may be motivated to accept your offer. This auction is for serious investors only! Don't bid if you don't intend to pay. If you win and don't follow through, be prepared for us to report you to eBay and for us to leave you negative feedback. We will also preclude you from bidding on our future auctions and will advise others in our area about you. If you have any questions, please ask before you bid.  see additional photos below   PROPERTY FEATURES - Hardwood floor   COMMUNITY FEATURES - Garage parking   ADDITIONAL PHOTOS Photo 1 Photo 2 Photo 3 Photo 4 Photo 5 Photo 6 Contact info:  Kaleo McCabe Hoopakele Indy, LLC (808) 398-5622  For sale by individual owner  Equal Opportunity Housing Posted: Aug 25, 2010, 1:09pm PDT