Unlock Your Investment Potential for Just $115,000!
Nestled in the charming town of Lowell, IN, 1210 Harrison St is a vacant residential property brimming with opportunity. For savvy real estate investors, this is your chance to secure a prime asset in a thriving community. Whether you’re looking to flip for profit or build your rental portfolio, this property offers the perfect blend of affordability, potential, and location. Property has new siding and a new roof that is not 1 year old.
Property Highlights
Prime Location: Located in a quiet, family-friendly neighborhood, the property is close to schools, parks, shopping, and dining.
Spacious Lot: Generous yard space with room for enhancements like landscaping or outdoor entertainment areas.
Ready for Value-Add: With some renovations and updates, this property has the potential to significantly increase its market value.
Financial Potential
Purchase Price: $115,000
Estimated ARV (After Repair Value): $230,000 – $250,000, based on comparable sales in the area.
Rehab Costs (Estimated): $55,000 – $75,000 for cosmetic and structural updates.
Profit Margin: Potential profit of $40,000 – $70,000 or more on a flip.
Rental Income: Expected monthly rent of $1,600 – $1,800, delivering a gross yield of 15-18% annually.
Neighborhood Advantage
Growing Community: Lowell has been experiencing steady population growth, increasing the demand for quality housing.
Strong Neighboring Asset: A nearby property on the same street, 1206 Harrison St, recently sold for $195,000 after a light renovation. This sale demonstrates the high demand for well-maintained homes in this area.
Low Vacancy Rates: The rental market in Lowell is competitive, ensuring consistent cash flow for investors.
Why Invest in 1210 Harrison St?
Affordable Entry Point: With a modest initial investment, you can achieve significant returns.
Customization Opportunities: Tailor the property to meet market demands and attract high-quality tenants or buyers.
High ROI: Whether through flipping or renting, this property is poised to deliver a strong return on investment.
Don’t miss this opportunity to capitalize on a promising investment in a growing market! Contact us today to schedule a viewing or discuss how 1210 Harrison St can be the next lucrative addition to your portfolio.
Let’s turn potential into profit!