Investor Friendly Property Under 55% ARV

3921 Elmonte Court Indianapolis, IN 46226

House is on a great and quiet block.

This house is ready to be rehabbed

Would be a great investment home or a great buy on a first time home buyers home!

Invest in a stable market!

Purchase Price is $28,500

Single Family Home with a large attached single car garage

3 Bedrooms / 1 Bathroom

1197 Sq. Ft.

  The property is not rehabbed. We have Construction Contractors and property management available as well.

 Rehabbing costs of $15,800

For more information on this property

Check out our website

At

www.nvpbuyshomes.com

or contact us by phone

at 480-329-4790

The winning bidder must contact us within 24 hours of the winning bid!!!!

Average rents for the area

Are $800 a month

ARV: $85,000

**Please Read Below**Please Read Below**Please Read Below**

Note:  You are bidding on the DOWN PAYMENT of the property. (Which does not include the non-refundable EMD of $1000) that is taken off the purchase price of $28500.00.  This leaves balance of $27500 due on the property paid at closing, (November 30, 2009).

Anything you bid goes towards the purchase of the property.

THE TOTAL BID AMOUNT IS NOT THE PURCHASE PRICE.

By biding in this auction you are agreeing to pay the bid amount in addition to the non-refundable EARNEST MONEY DOWN via (PayPal) within 24 hours at the close of the auction, and then close on the property for the remaining balance on the closing date of November 30, 2009.

The balance due at closing is not seller financed; this is For Sale By Owner Property with free and clear title.  This property is not condemned or deemed uninhabitable by local government.

This is an auction.  We are looking to get the most for the property, however the owner will receive the property regardless of how much their bid is.  There is NO reserve on this item!

We have a Property management in place and contactors available for the rehab if desired. The current rents for the area are $800.00 per month.

HAVE QUESTIONS?  WOULD LIKE MORE INFORMATION? EMAIL ME BEFORE YOU BID.

allen@nvpbuyshomes.com

You can also see more info on this property at our website of

www.nvpbuyshomes.com

DO NOT BID IF YOU DO NOT UNDERSTAND THIS AD OR CAN NOT CLOSE ON THIS PROPERTY

If you have an EBay score under (10) please send your name and email when you bid, stating that you understand the terms of this agreement.

Key Anchors/ Amenities

v  Within 1 mile of the following:

       Restaurants :Churches Chicken, Mcdonlds,Pizza Hut, Rally’s, Papa Johns Pizza,          Subway

v  Nearby Schools and Parks

       Dubarry Park

       Lawrence Township School District (which has won many school related educational awards)

       Charles .W Fairbanks Elementary School

        John Marshall Community High School

v  Major renovation plans underway for surrounding metropolitan areas

v  6 hospitals within 10 miles

**Anchors / Amenities printed in bold are the factors used to determine the future value of the property.  Additional photos available upon request.

**Buyer responsible to verify all comps and info at their own discretion and to do all due diligence including inspections on all real estate transactions.

Indianapolis Metropolitan area stats:  A 2007 Census counted the city’s population (excluding included towns) at 795,458.  It is Indiana’s most populous city and is the 13^th largest city in the U.S., the 3^rd largest city in the Midwest, and the 2^nd most populous state capital (behind Phoenix, Arizona).

Indianapolis has diversified its economy base in order to avoid relying solely on manufacturing.  A large part of this diversification includes a hosting of events, especially sports events.  The labels of The Amateur Sports Capital of the World, and The Racing Capital of the World, have both been applied to Indianapolis.  The city has hosted the 1987 Pan American Games, both Men’s and Women’s NCAA Basketball Tournaments, Men’s and Women’s Big Ten Conference Basketball Tournaments, the Allstate 400 at the Brickyard, the United States Grand Prix (200-2007), the World Basketball Championships, will host Super Bowl XLVI in February 2012, and perhaps is the most famous for the annual Indianapolis 500, known as the “Greatest Spectacle in Racing.”  The attendance at the Indianapolis 500 and the Allstate 400 makes them the two largest single day sporting events in the works, with well over 250,000 fans in attendance at each.  The city is the second only to Washington, D.C., for number of monuments inside city limits.  There have been two United States Navy vessels named after Indianapolis, including the USS Indianapolis (CA-35) which suffered the worst single at-sea loss of life in the history of the U.S. Navy. 

The Indianapolis metropolitan area has seen modest and steady growth among U.S. Cities, with growth centered in the surrounding counties of Hamilton, Hendricks, and Johnson.  Hamilton and Hendricks Counties are currently the fastest growing counties in Indiana and in the Midwest, although the state as a whole is only showing modest growth.  Currently, the population of the combined statistical area stands at 2,014,267, making it the 23rh-largest CSA in the U.S.

Indianapolis is the international headquarters of the pharmaceutical corporation Eli Lilly And Company, wireless distribution & logistics provider BrightPoint, health insurance provider WellPoint, insurance company American United Life, airline Republic Airways, consisting of Republic Airlines, Chautauqua Airlines and Shuttle America.  Real Estate companies Simon Property Group & Hunt Construction Group, Finish Line, Inc., Duke Realty Corp. and Teleservices Direct.  The U.S headquarters of Roche Diagnostics, Thomas SA, Conseco, Interactive Intelligence, First Internet Bank of Indiana, Peerless Pump Company and General Motors.

Before Detroit came to dominate the American automobile industry, Indianapolis was also home to a number of carmakers, including American Motor Car Company, Parry Auto Company, and Premier Motor manufacturing.  In addition, Indianapolis hosted auto parts companies such as Prest-O-Lite, which provided acetylene generators for brass era headlights and acetylene gas starters.

Recently, the National Association of Home Builders and Wells Fargo ranked Indianapolis the most affordable major housing market in the U.S. for the fourth quarter of 2006, and Forbes magazine ranked it the sixth-best city for jobs in 2008, based on the combined graded balance of perceived median household incomes, lack of unemployment, income growth, cost of living and job growth.  However, in 2008, Indiana ranked the 12 nationally in total home foreclosures and Indianapolis led the state within this.

Neighborhood and Future Plans at www.indy.gov

Power team in place to manage the property if needed qualified tenant established.  The property would be GREAT for a lease option giving you a down payment, higher monthly income now, AND possible market value sale at the end of the lease.  Easiest Real Estate Deal you will ever do.  You can reach us by phone at 480-329-4790 or email at allen@nvpbuyshomes.com.

$500 referral fee paid for anyone who brings a buyer that closes!

IMPORTANT! IMPORTANT! IMPORTANT! IMPORTANT! IMPORTANT! IMPORTANT!

Please Note:  You are bidding on the DOWN PAYMENT in addition to $1,000 non-refundable EMD.

Example = if you bid $ 500

Upon Close of Auction you will pay:

       $500 (your winning bid)

+ $1,000 (non refundable EMD)

= $1,500 Total to be paid via Paypal within 24 hours.

At the time of closing you would owe the final payment of $27,000

Example of money due at closing

$28,500 purchase price

-$1500 ebay auction

= $27,000 due at closing

Buyer must contact seller within 24 hours to confirm.  You will then close on the property with the remaining balance due at closing with a contract date of (November 30, 2009).

PLEASE IF YOU HAVE ANY QUESTIONS EMAIL ME BEFORE YOU BID.

Seller reserves the right to pull the auction at any time regardless of time left or bid status.

BID AMOUNT IS NOT THE PURCHASE PRICE OF THIS HOME.  THE PURCHASE PRICE IS $28,500.00