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💡💰TONS of Opportunity – 1526 Hoefgen St, Indianapolis, IN 46203 For Sale

  • $85,000
  • 2 beds
  • 1 baths
  • 660 sqft
Affordable value-add opportunity in the Downeys Southeast Sub area with strong rental upside and solid comparable sales 📈

This 1924-built single-family home features 2 bedrooms, 1 bath, and 660 sq ft, along with a 2-car detached garage — a rare bonus at this price point.

📈 Nearby sales range from $140K–$180K renovated, supporting strong upside potential.

Property Condition: Good rental condition — mostly cosmetic updates needed (paint, flooring, odor cleanup).

🔧 Mechanics:

  • Roof — Metal (10 years old) 🏠
  • Furnace — 2013 🔥
  • A/C — 2013 ❄️
  • Water Heater — 2019 🚿
  • Vinyl Windows 🪟
  • Unfinished basement foundation 🧱

🚗 2-car detached garage
🌳 .12-acre lot
🔌 Utilities through AES & Citizens (electric, gas, water, sewer)

With a low entry price, existing rental income, and clear upside through light improvements, this property is a strong candidate for both cash-flow investors and light flip strategies 🔑💸

📊 Recent Neighborhood Comps:

  • 1601 Hoefgen St- 2 Bed / 1 Bath
    Sold for $87,000 (as-is condition)/SOLD 124K Flipped
  • 1619 Bradbury Ave- 2 Bed / 1 Bath
    Sold for $140,000
  • 1418 E Southern Ave- 2 Bed / 1 Bath
    Sold for $180,000

 

Please do not disturb the occupants. Contact us for showing details.All of our properties are sold “AS IS, WHERE IS” and buyer is responsible for their own due diligence before purchase. Our properties sell quickly to our highest and best offer. We require a signed purchase agreement and $5000 non-refundable earnest money upon acceptance to lock up the deal. This house is being offered for all cash. Also, it is our company policy that the buyer pays for all closing costs including title insurance fee, and assumes taxes due in November or May of this year. All information provided has been gathered to the best of our knowledge. However, we make no representations of any kind and buyer is responsible for conducting their own research before submitting an offer. If you are interested in viewing this property, please respond to this email or contact me at 317-653-6245.

Realtors, we love working with you, please add your fee on top of our price.

Price:
$85,000
Address:
1526 Hoefgen St
Indianapolis, Indiana 46203
Square Feet:
660
Bedrooms:
2
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1924

Call 317.653.6245 for more details

Property Location