There is so much potential with this one!!! It literally sits across the street from Ivy Tech's downtown campus, which would make this an excellent buy and hold student rental. You could rent out each of the 5 bedrooms for $500-600 each for $2500-3000 in rent. You are also walking distance from the Children's Museum of Indianapolis, which the New York Times for Kids recently named as one of the top 10 coolest museums in the world!
Rent Comps for 1 bedrooms within the last 6 months 1 mile out:
2860 1/2 N Capitol Ave $599/month
2001 N Talbott St Unit #104 $525/month
3511 N Pennsylvania $550/month
OR, you could FLIP it!! The curb appeal is awesome as you can see in the pictures. With the original staircase and trim throughout, two fireplaces, hardwood floors and crown molding, this one has a TON of character you could give new life to. The master has an en suite with a large bathroom footprint. If you include the entire attic in your square foot, which is currently partially finished as the 5th bedroom (just add a closet), you are looking at over 4000 square feet of opportunity!!!
The roof, siding and windows on main floor and attic are only 3 years old. There are 2 furnaces, the main one is only three years old, as well, while the other one is older. You could add a garage in the back with access from the nice alley.
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||2828 N Illinois St, Indianapolis, IN 46208, USA
|Sq Footage Source
||I am the owner of this property and have authority to sell
||March 15th, 2018
Do your research before making any investment!
Seller assumes all responsibility for the content of this listing.