🏠 Pheasant Run Investor Special 🚀 – 847 N Gray St, Indianapolis, IN 46201 Pending

Featuring 3 bedrooms, 1 full bath, and 1,280 sq ft, this 1910 build includes a 2-car detached garage and sits on a manageable 4,530 sq ft lot — ideal for a full renovation strategy.

Property condition: Full rehab needed.

 Mechanics:

• Roof — 8 years old 
• Furnace — 13 years old 
• Water Heater — 1 year old 
• No central A/C 
• Wood windows 
• Unfinished basement foundation 

 Utilities through AES & Citizens (electric, gas, water, sewer)

 2-car detached garage = strong resale & rental appeal
 Unfinished basement adds storage or value-add finishing potential
 Vacant — easy access

Access Notes:
Property is vacant. Seller checks on it about once a week but will not be present next week. Lockbox on the front door. There are two deadbolts — key works for the bottom lock only.

This is a classic Indianapolis BRRRR or flip candidate for investors comfortable with full rehabs and maximizing equity spread 

Recent Neighborhood Comps-
811 N Oxford SOLD $76,000- ( 2 Bed,1 Bath, 1,308 SF)
835 N Dearborn SOLD $242,000- (3 Bed, 2 Bath,1,166 SF)