Calling all flippers, BRRRR strategists, and buy-and-hold investors – this off-market 2-bed, 1-bath single-family home is the opportunity you've been waiting for. Priced to move at just $56K, it's a blank canvas ready to be transformed into a profitable flip or a cash-flowing rental. Read on for the highlights of 710 E 6th St and see why this deal is a standout.
Property Overview
- Address: 710 E 6th St, Anderson, IN 46012
- Property Type: Single-Family Home (Off-Market, Wholesaler Assignment)
- Size: 735 sq. ft. – 2 bedrooms, 1 bathroom
- Lot: ~3,400 sq. ft.
- Year Built: 1900 (rebuilt in 1955)
- Condition: Fixer-upper
- Asking Price: $56,000 (assignment of contract)
Big Upside, Small Package
This compact property is bursting with potential. With a low entry price and modest rehab budget, forward-thinking investors can unlock significant value:
- Value-Add Equity: Comparable renovated 2-bed homes in Anderson have sold well above this all-in, so you’re looking at instant equity once the rehab is complete. Revitalize this house and watch its value soar.
- Strong Rental Yield: Market rent for a renovated 2-bed in Anderson averages around $950/month– easily hitting the 1% rule with this deal. That means solid cash flow if you hold as a rental, given the low acquisition and rehab total.
- Flip Potential: The light footprint means a faster, budget-friendly rehab. The ARV (After Repair Value) could land in the low 100s, leaving a healthy profit margin for a fix-and-flip. Turn this blank canvas into a modern charmer and capitalize on resale value.
Why It's Perfect for Investors
- Flippers: This is a quick-turnaround dream. It’s essentially a clean slate begging for modern updates. Add cosmetic touches and system upgrades, and you can re-list in a hot market that’s seeing about 39% of homes accept an offer within 2 weeks. There’s plenty of room for profit on the back end – get in low, rehab fast, sell high.
- BRRRR Strategists: Buy, Rehab, Rent, Refinance, Repeat – this property checks all the boxes. Buy at a bargain, invest in improvements to boost value, then rent it out at ~$900+ a month. With an ARV projecting well above your basis, you can refinance to pull out your capital. It’s a textbook BRRRR opportunity in a location with strong rental demand.
- Buy-and-Hold Investors: Acquire a turnkey rental (in-the-making) at a fraction of market value. After renovations, expect reliable tenants and steady cash flow. Anderson’s affordable home prices and solid rents mean you’ll enjoy an attractive rent-to-price ratio. This property can anchor your portfolio with minimal maintenance (smaller house = lower upkeep costs) and consistent returns for years to come.
The Numbers at a Glance
- Purchase Price (Assignment): $56,000
- Projected ARV: ~$120,000 ± (depending on finish level; local comps support six-figure value post-renovation)
- Market Rent (Post-Rehab): ~$900 – $1,000/month (strong rent-to-value ratio in this area)
(Translation: at this price point, you’re looking at significant ROI whether you flip for a profit or hold for cash flow. It’s rare to find a deal with this much upside and built-in equity.)
Off-Market & Exclusive Deal
This property is off-market and being offered via wholesale assignment of contract. That means you won’t find this on the MLS or Zillow – it’s an exclusive chance to scoop up a deal directly from the contract holder (wholesaler) before anyone else. No public bidding wars or competition; you get first dibs on this high-potential property.
- Wholesaler Assignment: We have the property under contract and are assigning our rights to purchase it to a savvy end-buyer (you!). The title is clean and ready to transfer. Cash or private financing is preferred due to the needed rehab (and to ensure a quick closing).
- Quick Closing Available: We’re ready to move fast, and the seller is too. Being off-market, a fast close means you can start the rehab sooner and get to profit or cash-flow quicker. Close in as little as 10-14 days if you’re ready – time is money on a deal like this.
Act Fast – Serious Buyers Only 🔑
Opportunities like this don’t wait. Anderson is an investor-friendly market, and a deal with this profile will get snapped up. If you’re a serious buyer ready to capitalize on a great investment, here’s your next step:
- Contact Us TODAY – Reach out now to get additional details and ask any questions. (Be prepared to move quickly – have your proof of funds ready.)
- Secure the Deal – First come, first serve. A straightforward assignment agreement and a non-refundable earnest money deposit will lock this up for you. We’re looking for a no-nonsense buyer who can execute and see the project through.
>> Ready to invest in your future? Drop us a line to grab this off-market contract before it’s gone. This is the kind of high-upside, low-cost deal that doesn’t come around often – don’t let it slip away!