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What a great flip opportunity, or high quality rental in a great east side suburb of Indianapolis. Ask about our financing options! This opportunity is great for all kinds of investors!
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1150 N. Mitthoeffer Rd Indianapolis, IN 46229 $69,000
This beautiful, well-maintained 3 Bedroom stone home in the heart of Warren Township is compatible for both the fix & flipper or buy and hold investor. Long-term tenants just moved out, so this property will only need a tenant turn to get rent ready, or some more plush cosmetic items in order to flip and sell retail to an owner occupant. Complete the finishing of the dry basement, and add another bathroom, and you could easily see sale price go even HIGHER.
Brand new roof (2016), newer windows, and mechanicals that are about 10 years old, but in good working order. Rest assured on this property--all of the "big ticket" expense items have recently been addressed or replaced. A solid addition to any rental portfolio at a 9%+ CAP RATE in this neighborhood.
If you are looking to fix & flip, the comparable sales in the immediate area indicate a likely value somewhere near $125,000. With more finished square footage in the basement, or the addition of another bathroom (already plumbed in basement) retail price could go even higher. Take advantage of the hot Indy retail market TODAY.
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