*Walkthroughs available only with an approved application for safety reasons while the home is being refreshed.* Please excuse the mess in some of the photos while tenants were in the home and as they work to complete the work needed to refresh; we will update them as work is finished. The home is estimated for a move-in date of September 1st or earlier, depending on how long the refresh takes. Welcome to 2045 N Colorado Ave in Indianapolis a unique opportunity to stop "renting" and start building equity in a place you can truly call your own! This home offers a flexible layout with living space (2 bedrooms, 1 bath) on the main level and half of the square footage in the basement, giving you room to spread out, work from home, or create the perfect entertainment or storage space in the basement. What truly sets this property apart is the Lease-to-Own opportunity designed to help you become a homeowner without the traditional bank hurdles. With just a 1% option fee ($920) and a $920 deposit, you can secure your future home today. Your monthly payment is structured similar to a mortgage, making it easier to transition into ownership. Even better, every dollar of your equity earned from monthly payments during your lease, option fee, and deposit is credited toward your purchase when you secure financing with the lender of your choice. Key highlights: -Low upfront cost to get started (1% option fee ($920) + $920 deposit) -Build equity while living in the home -5-8 year lease-to-own term for flexibility - Set purchase price of $92,000 with a 30-year amortization structure for locked-in payments -No bank approval needed to move in - Ability to make the home your own Tenant will be responsible for insurance ($95/m) and property taxes ($104/m); these costs are already included in the total rental price you see on the listing, giving you the true feel and benefits of homeownership from day one, due each month with rent. If you've been waiting for the right opportunity to step into homeownership without the stress of traditional lending, this is it. Take control of your future, build credit, and invest in yourself all while living in your home. Schedule your showing today and start your path to ownership. This home is pet-friendly up to two pets max, with a nonrefundable $400 pet fee and $50/ per pet per month pet fee. Do not disturb the current tenants. Walkthroughs available only with an approved application for safety reasons. The home is estimated for a move in date of September 1st or earlier depending on how long the refresh takes. This rent-to-own opportunity requires $920 down and a $920 security deposit at move-in. The home is offered with financing structured on a 30-year amortization schedule, with the seller carrying for up to the first 5-8 years. During this term, a portion of each monthly payment builds equity credit, which will be applied toward the buyer's new loan when they secure permanent financing. This program is designed to give tenants the ability to transition smoothly from renting to ownership while building equity along the way. This home is pet-friendly. A non-refundable pet fee of $400 is required at move-in, along with a $50 monthly fee per pet, added to rent.
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