Description

Fantastic opportunity for a 1950+ built property in Indianapolis! The property is a large ranch with 3 bedroom, 2 full bathrooms (one in the master), and an attached garage! It is located in a quiet neighborhood just inside the 465 loop in Warren township, making it a perfect rental pulling $825 in rent a month!


This brick ranch sits on a slab, and its structure and bones in perfect condition- once the necessary repairs are completed, this property will not need a thing for decades to come! Moreover, this home is a BRRR opportunity, with similar homes in the area selling for $60k+! This deal won't last long!

The Good and the Bad:

  • Needs a furnace, water heater, a/c, [possibly] roof, and cosmetics. Once that's taken care of, you'll have a property that won't give you issues for years to come!
  • Sits in a quiet neighborhood in Warren township just inside the loop, commanding great rents
  • Comparable properties are valued at over 60k, making it a fantastic BRRR opportunity! Click here for MLS comps



Property Details

Property Status Expired
Price $31,700
Estimated Repairs $17,000
Square Footage 1456
Sq Footage Source
Estimated ARV $65,000
Estimated Equity $16,300
Bedrooms 3
Bathrooms 2
Garage Size 1
Year Built 1959
Publish Date April 16th, 2017

Seller Information

Alain Perez-Majul

Member since November 2016


Do your research before making any investment!

Seller assumes all responsibility for the content of this listing.