Veterans United Realty
5 Photos

371 W Douglas Street, Martinsville, IN 46151

$120,000 Asking Price

2 beds
1 bath
1,200  sqft
Built in 1970

Action Required: No Wholesaler offers will be considered. Proof of funds and all contracts must be in the name of the end user. Fix it up and keep it as a rental and raise rents to fair market value (Shortage of Section 8 Housing in Anderson. See upside remarks below) Upside Potential: According to the 2024 HUD Fair Market Rents (FMRs) for the 46151 Zip Code, there is substantial room for rent increase, with the potential to raise total rent to $1,349. Property can be sold as a package deal. (See remarks below) Listing Broker has a spreadsheet with underwriting analysis on investment property, PDF copy of the underwriting on file. If represented by an outside agency, connect your representative. In order to receive financial information and data analysis buyers must register through the listing broker even if represented by an outside agency. Please note: Interior of property has not been examined due to distressed conditions. All financial projections and data are based on available information and should be independently verified by the buyer. Once under contract, buyers may conduct physical inspection to verify the condition of property. Property is being sold as-is. Package: 2317 Fletcher Ave ($95k with all 3 lots), 2512 Fletcher Ave ($35k), 1911 Noble St ($35k), 371 W Douglas St ($120k)


Listing Status:
Active
Date Added:
March 5, 2024 — 83 days ago
Listing Office:
Fair Market Value Investment Sales, Jordan Ice (317-501-4499)
Office Phone:
jordanice@fmvrei.com
MLS ID:
21966961

Features & Amenities

Interior

General:
Windows Vinyl
Appliances:
None
A/C:
Other
Heating:
Other
Fireplace:
Fireplaces: 0

Exterior

Style:
Other

Construction

General:
One, Other

Location

Originating MLS:
mibor
School District:
MSD Martinsville Schools
County:
Morgan

Lot

Zoning:
S33 T12 R1e Pt Sw .20 A, 550933328001000021

Utilities

Water:
Other

Financial

Source:
mibor
Buyers Agent Compensation:
2.5 %

This listing courtesy of:
Fair Market Value Investment Sales, Jordan Ice

About Martinsville, IN

Housing

Number of Units
13,323
Median Home Value
$175,295
Median Rent
$594

22.49% of housing units are renter occupied.

6.33% are vacant.

Commute

Car
76.49%
Public Transportation
0.23%
Walk to Work
0.97%
Work from Home
21.63%
Other
0.30%

The median travel time to work is 26 minutes.

People

Population
32,313
Median Age
41.30
Median Household Size
2.67

Education

High School
38.64%
Associate’s Degree
9.30%
Bachelor’s Degree
10.81%
Graduate Degree
7.09%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

Veterans United Homefront

IDX Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.

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