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Value-add opportunity in the Homecroft area with strong as-is comps and a large lot that adds additional upside 📈
This 1954-built single-family home features 2 bedrooms, 1 bath, and 1,221 sq ft, sitting on an oversized 16,466 sq ft lot (.38 acres) — a rare lot size for this pocket of Indianapolis.
Property Condition: “Grandma’s house” — dated interior with primarily cosmetic updates needed.
🔧 Mechanics:
🚗 1-car attached garage
🌳 Large .38-acre lot adds strong resale appeal
🔌 Utilities through AES & Citizens (electric, gas, water, sewer)
Nearby cash as-is sales in the same pocket 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 🔑💸
Recent Neighborhood Comps-
1352 Maynard Dr, 2/1.5, 1348 sf, 6 DOM, SOLD cash $210k.
1734 Southview Dr, 2/2, 1280 sf, 3 DOM, SOLD cash, as-is $210.5k.
6602 Madison Ave, 3/1.5, 1584 sf, 54 DOM, SOLD cash, as-is $230k.
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