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Value-add opportunity in theĀ HomecroftĀ area with strong as-is comps and a large lot that adds additional upside š
This 1954-built single-family home featuresĀ 2 bedrooms, 1 bath, andĀ 1,221 sq ft, sitting on an oversizedĀ 16,466 sq ft lot (.38 acres)Ā ā a rare lot size for this pocket of Indianapolis.
Property Condition:Ā āGrandmaās houseā ā dated interior with primarily cosmetic updates needed.
š§ Mechanics:
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Furnace ā 1 year old š„
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Roof ā 10 years old š
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A/C ā Needs replacement (currently window units) āļø
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Water Heater ā 14 years old šæ
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Wood windows šŖ
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Crawl space foundation
š 1-car attached garage š³Ā Large .38-acre lotĀ adds strong resale appeal š Utilities through AES & Citizens (electric, gas, water, sewer)
NearbyĀ cash as-is sales in the same pocketĀ support investor demand and provide confidence in the resale potential of the area.
With strong square footage, a large lot, and manageable rehab scope, this property presents a solid flip or long-term rental opportunity ššø
Recent Neighborhood Comps-
1352 Maynard Dr, 2/1.5, 1348 sf, 6 DOM, SOLD cash $210k.
1734 Southview Dr,Ā 2/2, 1280 sf, 3 DOM, SOLD cash, as-is $210.5k.
6602 Madison Ave,Ā 3/1.5, 1584 sf, 54 DOM, SOLD cash, as-is $230k.
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