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For sale 13 days ago

$104,990

4 bd ba 1104 sqft

44 Bakemeyer St, Indianapolis, IN 46225

Residential SFR Needs Repairs Off MLS

Current Rent **

N/A

Projected Rent **

$1,534

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

🏠 Garfield Park 4Bd Cosmetic Fixer!! Indianapolis

LINK TO ALL INFO AND PHOTOS: https://www.investbelowmarket.com/property/44-bakemeyer-st/

44 Bakemeyer St, Indianapolis, IN 46225
WALKTHROUGH
MUST TEXT 317-751-2308 FOR ACCESS AND TIME

ASKING PRICE
$ 104,990 CASH (OR BEST OFFER)

AFTER REPAIR VALUE
$ 195,000
Straight-Forward Comps that only have 3 beds compared to this property's 4 Bedrooms. Achievable ARV with average finishes.

RENTAL ESTIMATE
$ 1,534 (Not Currently Rented)
Rentometer Average Rent

PROPERTY DETAILS
- Single Family
- 4 Bed
- 1.5 Baths
- 1,104 Sqft
- Newer HVAC
- Newer Roof
- Large Lot Size
- Straight-Forward Comps. 4th bedroom boosts value
- Good Layout
- Located in the Garfield Park Area!!
- Cosmetic flip! Add your finishes to maximize value!!
- Current Occupancy: Owner Occupied
- Occupancy at Close: Vacant at Close
- Close of Escrow: 07/03/25
- Best Offer Due By: TBD
- Non-Refundable Earnest Money Deposit: $5,000

MARKET ACTIVITY
SUBJECT PROPERTY : 4 Beds / 1.5 Baths / 1,104 M/U Sqft / Built 1966

EXISTING BUILD COMPARABLES / RECENT ACTIVITY

SOLD $188,000 - 408 Gimber Ct / 3 Bed / 2 Bath / 1,272 M/U Sqft / Built 1971
- One less bedroom
SOLD $185,000 - 404 Gimber Ct / 3 Bed / 2 Bath / 1,272 M/U Sqft / Built 1971
- One less bedroom
SOLD $180,000 - 2558 S Meridian St / 3 Bed / 2 Bath / 1,104 M/U Sqft / Built 1915
- One less bedroom, Dated style finishes, Basement not fully finished, Older home built 1917
SOLD $175,000 - 117 W Gimber St / 3 Bed / 1.5 Bath / 1,104 M/U Sqft / Built 1968
- One less bedroom

Location:

44 Bakemeyer St, Indianapolis, IN 46225

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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.