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Archived 6 months ago

$151,000

3 bd 1 ba

Beech Grove, IN 46107

Residential SFR

Current Rent **

N/A

Projected Rent **

$1,350

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Amie Lieurance

🏡 Light Flip in Beech Grove 🚀 - 2020 Newcomer Ln, Beech Grove, IN 46107

Solid value-add opportunity in the Park Grove area with light rehab needed and strong resale comps 📈

This 1956-built single-family home features 3 bedrooms, 1 bath, and 936 sq ft, along with a 1-car attached garage — a practical layout for both resale and rental strategies.

📈 Nearby as-is sales range from $166K–$174K, with renovated homes reaching up to $230K–$240K, supporting strong upside.

Property Condition: Fair — mostly cosmetic updates needed.

🔧 Property Features:
Mechanical ages unknown
Crawl space foundation 🧱
Utilities through AES & Citizens (electric, gas, water, sewer)
🚗 1-car attached garage
🌳 6,011 sq ft lot

With a low rehab estimate and strong comps, this property presents a great opportunity for a quick flip or rental with upside through light improvements 🔑💸

Comps-

2017 Ticen Ct – Sold for $166.5K (as-is)
30 Gilbert Ave – Sold for $167K (as-is)
1917 Ticen Ct – Sold for $174K (2 bed, cash, 1 DOM)
263 Clark Ave – Sold for $230K
2067 Mann Dr – Sold for $240K

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.

Location:

Beech Grove, IN 46107

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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.