2 Fixer Upper Houses. Only $39,900 in Terre Haute, IN!
This would a good investment, mother/mother-in-law suite, office, guest house, or you could rent it out and make extra cash.
House #1 is 1,700 (+/-) sqft
House #2 is 800 (+/-) sqft
They are side by side.
Potential Rental Income for Both: $1,600
Similar size homes in the area with the same beds and bath recently sold for $110,000 +/- in average condition.
Here are some potential updates/repairs needed to House #1. The roof doesn’t leak but could be replaced. Porch need redone. House needs cleaned inside and out. Needs paint and flooring. Small hole in the bathroom wall needs fixed. Some windows could be updated.
It has a new hot water heater. Comes with stove, refrigerator and microwave.
Here are some potential updates/repairs needed for House #2. Porch need redone. House needs cleaned inside and out. Needs paint and and all new flooring – It smells like a cat went to the bathroom inside. Bathroom will need attention for updating and repair the hole in the wall. Kitchen ceiling needs attention.
The subfloor in the bathroom is new and the furnace is only a few years old. Comes with stove and refrigerator.
Property Description: Both: The two houses are side by side. There is a shed in the backyard. Water and sewage is shared between the 2 properties. They have separate electric and gas meters. The yard needs trash removed and landscaping. Both houses need to be cleaned out.
It is conveniently located a few minutes from downtown and Indiana State University.
Both homes could potentially rent for $1,600-$1,650/mo total.
Feel free to message me for more photos.