For sale 2 months ago

$67,500

2 bd 1 ba

1941 N Colorado Ave, Indianapolis, IN 46218

Residential SFR

Current Rent **

$1,000

Projected Rent **

$1,000

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Estimated Rent †

Pro Only

Estimated Rent Confidence ‡

Medium

Posted By:

Amie Lieurance

BRRRR or Flip this Vacant Brookside Sunny Grove Bungalow on Indy's Near East Side!

Happy Friday!!! Here is a bungalow located in Brookside Sunny Grove neighborhood on Indy's near east side! This 2/1 has a basement foundation with some newer mechanicals. This is a great area to buy and hold but there are 2/1 comps as high as $145k in the same neighborhood. You could BRRRR (buy, rehab, rent, refinance, repeat) or flip it!

Furnace - 3+ years
AC - 3+ years
Water heater - 3+ years

Recent Brookside Sunny Grove 2/1 leased or sold include:
1913 N Euclid - SOLD $75k AS IS (2/1, 1-car detached, ONLY 698 sf, no basement)
1949 N Colorado - SOLD $97,500 and LEASED $975 per month (2/1, 736 sf, 2-car detached, no basement)
1205 E 21st - SOLD $86k AS IS (2/1, 720 sf, 1-car detached, basement, 63 DOM)
1946 N Euclid - SOLD $115k (2/1, 720 sf, 2-car detached, 46 DOM)
1921 N Linwood - SOLD $145k (2/1, 728 sf, no garage, basement, 7 DOM)

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Location:

1941 N Colorado Ave, Indianapolis, IN 46218

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.