Skip to main content

Indianapolis, IN 46227

Asking Price

$39,900

ARV Estimate

$225,000

Est. Spread

+$185,100

Beds

3

Square Footage

1,008 sqft

Property Type

Single Family

Year Built

1920

Lot Size

26,136 sq ft

About This Property

πŸ”₯ INDIANAPOLIS, IN – LIGHT REHAB INVESTMENT OPPORTUNITY

Investors β€” here's an opportunity to take on a minor renovation project in Indianapolis! This property is available at a low entry point for investors looking to renovate, add value, and potentially resell or hold as a rental. Please note this house is being sold with a squatter and you will need to remove them.

PROPERTY HIGHLIGHTS

  • Approximately 1,792 SF

  • 3 Bedrooms

  • Single-family home

  • Large lot of approximately 0.6 acres

  • Basement

  • Built around 1920

PROPERTY CONDITION – LIGHT REHAB

  • Occupant has been there since 2018 and stopped paying this year.

  • Newer roof

  • Newer siding

  • Basement flooding noted

  • Furnace condition and potential replacement need to be verified

  • Potential for hidden water damage, mold, electrical issues, and structural concerns

  • Extensive repairs may be needed depending on inspection findings

Asking Price: $39,900

Estimated ARV: $225,000

NO INTERIOR PHOTOS, NO ACCESS, BEING SOLD AS-IS.

  • Text LaithΒ 380-270-1216 to lock it in or for more details

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.

Deal Calculator

Estimated Net Profit

$168,488

ROI: 410.0%Β·Cash-on-Cash: 1716.6%

$
$
$

Project Breakdown

Sale Price (ARV)
$225,000
Purchase Price
$39,900
Rehab Budget
$0
Interest (12%, 4 mo)
$1,277
Points (2%)
$638
Closing Costs (3%)
$1,197
Selling Costs (6%)
$13,500
Total Cash Required
$9,815
Net Profit
$168,488

Estimates only. Verify prices, rents, and repair scope with your own due diligence before making an offer.

Location Hidden

The exact address unlocks in seconds

Direct Home Offers

Acquisitions & Dispo Team

Direct with the seller, no daisy chains

Send a Message