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2045 N Colorado Ave

Updated 32 minutes agoListed Aug 11

$722/ mo

Doesn't include deposits and fees

2 beds1 bath1472 sqft house

Available September 1

2045 N Colorado Ave

Your booked tour

What you get

Pet-friendlyLaundryParkingAir conditioning

Costs, fees, and lease terms

Lease terms

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 the financing 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.

Pricing comparison

$615

At $722, this listing is priced $615 cheaper than the current market rate for a 2 bedroom home in Near Eastside.

Other 2 bedroom homes in the area go for

Pets

The neighborhood

About the building

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 purcahse 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), 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.

The property manager

Nearby schools

Students who live in 2045 N Colorado Ave attend the following Indianapolis Public Schools (Unified School District) public schools:

5
HW Longfellow Med/STEM Magnet Midl
Public, Grades 7 - 8
0.5 mi
5
Christel House Watanabe Manual High School
Public, Grades 9 - 12
1.5 mi
7
Center for Inquiry School 2
Public, Grades K - 8
0.5 mi
3
H.L. Harshman Magnet Middle School
Public, Grades 7 - 8
1.5 mi

Showing 3 of 10 schools.

GreatSchools ratings are based on test scores and additional metrics when available.