Henry County, New Castle, IN 47362
2 bd1 ba960 sfBuilt 1940
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
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
Systems & condition
Self-reported by the seller. Not inspected.
Seller
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