Available
$69,000(ARV: $145,000)48% of ARV

Henry County, New Castle, IN 47362

2 bd1 ba960 sfBuilt 1940

7 days ago

Gross spread$76,000

Description

Assignment Opportunity – 1622 Ross Street, New Castle, IN 47362 Assignment Price: $69,000 + CC Estimated ARV: $145,000 Potential Rent: Approximately $900/month Exit Strategy: Flip or BRRRR Property Details Address: 1622 Ross Street, New Castle, Indiana 47362 Property Type: Single Family Home Year Built: 1940 Square Footage: 960 sq ft Lot Size: 5,184 sq ft Bedrooms / Bathrooms: 2 Bed / 1 Bath Occupancy Status: Owner Occupied (10-day post-occupancy with $10,000 escrow holdback) Parking: Street Parking Rehab Overview Condition & Rehab Description: This property presents an excellent flip or BRRRR opportunity requiring primarily cosmetic updates. The seller reports that the roof was replaced last year, and there are no known foundation issues. While the HVAC system is currently not working and will require repair or replacement, the remaining major systems are reported to be in solid condition. Renovation should focus on cosmetic improvements throughout the home, along with addressing the HVAC system to maximise resale value or rental income. Big Six: Roof: New (replaced last year) Foundation: No known issues reported HVAC: Not working – repair or replacement required Electrical: No known issues reported Plumbing: No known issues reported Hot Water Heater: Condition unknown – buyer to inspect Property & Deal Notes Assignment price of $69K Estimated ARV of approximately $145K Potential rental income of approximately $900/month Roof replaced last year No known foundation issues Primarily cosmetic renovation required Strong Flip or BRRRR opportunity TEXT OR CALL BEVANS & BOMBICH LLC FOR A SHOWING TODAY: [contact details hidden] PROPERTY SOLD AS IS | EMD $2,500 REQUIRED

$/sqft vs market

This deal$72/sqft
Market median$109/sqft
Difference34% below

Median of 12 comparable listings matched on ZIP + property type. A narrow sample moves a lot; read it as context, not as a valuation.

Property

Bedrooms2
Bathrooms1
Square feet960
Lot size5,184 sf
Year built1940
ConditionMajor Repair
OccupancyOwner Occupied
ParkingStreet

Systems & condition

Roof age1-3 yrs
HeatingBaseboard
Air conditioningNone
FoundationOther

Self-reported by the seller. Not inspected.

Seller

CompanyWithheld
Disposition repWithheld
Documents on file0
Views on the source listing4
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