Ionia Rental Property with 10%+ CAP Rate! Pending

  • $59,900
  • 4 beds
  • 1.5 baths
  • 1200 sqft
Pending

Highlights: 4-Bed/1.5-Bath single-family home with great Cash-on-Cash return as a rental (10%+); Could be flipped with a tight budget; House backs up to the Ionia walking trail and a quick walk to downtown; Large living spaces; Spacious bathroom upstairs; Newer roof; Newer furnace and hot water heater; 1-car garage; Tenant currently in the process of vacating.

Wholesale Price: $59,900
ARV: $90,000-$95,000
Repair Estimate: $20,000-$25,000

 

We hold the assignable contract. This will be sold on warranty deed. $59,900 is the buy-it-now price, meaning we will not accept a higher bid once the buy-it-now price has been met by the first party to pay $2,500 earnest money deposit. Cash or hard money only, property sold in as-is condition.

Price:
$59,900
Address:
526 Harrison St
Ionia, MI 48846
Square Feet:
1200
Lot Size:
.15 Acres
Bedrooms:
4
Bathrooms:
1.5
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1920
Basement:
MI Basement

Call (616) 333-9850 for more details

Property Location