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Potential Flip or Buy and Hold Investment Opportunity
Watch this Listing
Listing ID: 120586 
Status: Ended
2546 Collier Street ~ Indianapolis, IN Single Family | Urban Residential
Current Bid: $41,500 
Number of Bids: 25 Bid History
High Bidder: Caitlin
 
Bidding Opens: Oct 11, 2020 5:00 PM
Bidding Ends: Oct 11, 2020 7:02 PM  (Central)
Starting Bid: $20,000
Contact: Mickey Russo
See Terms Below for Bidding Instructions
 
Contact Info Address Info Property Info Pictures Description Bidding History Questions Terms
Files Comparable Sales


Contact Information
Contact Type: Listing Agent
Contact Name: Mickey Russo
Agency Name: Russo Realty Group LLC
Contact Phone: (317) 268-8005
Showings: Call for Lock Box Code


Address Information
Street Address: 2546 Collier Street
City: Indianapolis
County: Marion County
State/Province: IN
Postal/ZIP Code: 46241
Country: United States
Map:
Click for Expanded Google Map / Directions 

Property Information
Property Type: Single Family
Category: Urban Residential
Bedrooms: 2
Full Bathrooms: 1
Half Bathrooms: 0
Square Footage: 864 (Approximate)
Lot Size: 5184 sqft
Basement: No Basement
Parking: No Garage
Year Built: 1950
Taxes: $1,347
MLS/FMLS ID: 21744031

Picture Gallery

Description

This 2 Bedroom and 1 Bath Bungalow has a Laundry Room, Eat-in Kitchen and Fenced in backyard. Some updates have already been made! Would make a Good Investment Opportunity to Flip, or Buy and Hold. With a little TLC, would also make a good first time home. New Furnace and Water Heater will be installed.

 

Potential Average Rent per the attached Rental CMA: $720/mo

RENTAL ZESTIMATE: $895/mo

 

Click Here for God's Story

 
Mickey Russo
Real Estate Broker/Investor

Russo Realty Group LLC

 


Files
File NameDescriptionFile Size
ATT001_Sample Purchase Agreement.pdf Sample Purchase Agreement 175 KB
ATT002_Comparative Market Analysis.pdf Comparative Market Analysis 555 KB
ATT003_Rental Comparative Market Analysis.pdf Rental Comparative Market Analysis 623 KB

Comparable Sales
AddressSales PriceSales DateURL / Link
2658 South Rybolt Avenue, Indianapolis, IN 46241$90,000 May 18, 2020 Click for More Info
4510 West Beecher Street, Indianapolis, IN 46241$89,900 Aug 11, 2020 Click for More Info
2658 South Mcclure Street, Indianapolis, IN 46241$72,900 Sep 11, 2020 Click for More Info
2719 Mars Hill Street, Indianapolis, IN 46241$67,000 Sep 09, 2020 Click for More Info

Bidding History
BidderBid AmountBid TimestampAuto-Bid
Change page: < 1 2 >  |  Displaying page 2 of 2, items 21 to 25 of 25.
Brendan$31,000 Sun - Oct 11, 2020 06:23:36 PM
Walter$30,500 Sun - Oct 11, 2020 05:14:19 PM
William$30,000 Sun - Oct 11, 2020 05:05:59 PM Auto-Bid
Walter$30,000 Sun - Oct 11, 2020 05:12:18 PM
William$20,000 Sun - Oct 11, 2020 05:05:59 PM

Questions
 
----- No Questions -----

Terms
  1. BUYER'S PREMIUM: 5%
    This fee is added to the winning bid amount and is paid by the Buyer. High Bid + Buyer Premium = Selling Price.
  2. To bid on our property, you must be of legal age to enter into contract to purchase real estate (18 in most states, 21 in others). If you're in doubt about the legal age to enter into contract in your state, please consult with competent legal counsel before bidding.
  3. While auction is "active", all bids MUST be placed online.  Written offers will not be accepted.
  4. Winning bid is subject to seller approval.
  5. Buyers Agent commission of 3.5% is being offered.
  6. All bids are placed in US Dollars.
  7. If you are outbid by another bidder, you will receive an email notice so you can return and increase your bid if you so desire.
  8. The bidding will be open and everyone will have access to the bid history during the auction.
  9. As the auction nears the ending time it will auto-extend until bidding is silent for 2 minutes.
  10. If there is more than one high bid at the same level (a tying bid), the bid first submitted will be honored.
  11. The high bidder will be notified via email after the auction ends.
  12. Seller reserves the right to postpone or cancel this auction at any time for any reason.
  13. Sale is “as-is”, "where-is". Seller will not fix anything.
  14. Buyer WAIVES inspections and relies upon the condition of the Property based upon Buyer's own examination prior to the start of the auction.
  15. Within 18 hours of auction close, winning bidder will be asked to obtain loan pre-approval or show proof of funds and sign a sales contract at the winning bid amount and based on the terms described here.
  16. Closing will take place at seller's chosen title company within 30 days of signing the contract.
  17. When contract is signed, winning bidder will pay $1,000 earnest money to be held by the listing brokerage.
  18. To place a bid on this auction, you MUST provide a valid credit card which will be Pre-Authorized (not charged) in the amount of $500.  If the winning bidder fails to sign the sales contract and submit the required earnest money deposit within 18 hours of auction close, they will be charged a $500 non-refundable default fee.
  19. Winning bidder may, at their option and expense order a title examination and insurance.
  20. Seller will include the following personal property in the sale: None
  21. Seller will exclude the following real property from the sale: None
Buyer Premium: 5.0%
This fee is added to the winning bid amount and is paid by the Buyer. High Bid + Buyer Premium = Selling Price.

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