For sale about 2 months ago

$130,000

2 bd 1 ba 0 sqft

1037 Jefferson Ave, Indianapolis, IN 46201

Residential SFR

Current Rent

$1,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Amie Lieurance

SHOWING MONDAY!!! SUUUWEEEEEET.....WINDSOR PARK FLIP on Jefferson Avenue!!

Check out this Fletcher and Ramsey neighborhood FLIP in Windsor Park!!! This is a fantastic area where the cheapest anything has sold on market in the past year in the same neighborhood was $305k!! This would also make a fantastic AirBNB option or hold it with equity!! Currently, it is a 2 bedroom, 1 bath with over 1200 square feet. That is smaller than others in this neighborhood but you can always add on. There are other "AS IS" sales with les square feet on the same street that sold for $135k - 185k.

Use your imagination and make it your own! Reply for Monday's showing information.

Recent same neighborhood sales include:
1015 N Beville - SOLD $305k (3/2, 3-car detached, 1669 sf, 14 DOM)
103 N Beville - SOLD $349k in 8 days and then again at 379k in 27 days (3/2.5, 2-car detached, 1870 sf)
1038 N Keystone - SOLD $575k (4/3.5, 2-car detached, 2236 sf, 14 DOM, new build in 2020, same size lot as ours)

Recent same street sales include:
1040 Jefferson - SOLD $135k AS IS and GUTTED TO STUDS (3/2, 1380 sf, 40 DOM)
1022 Jefferson - SOLD $185k AS IS (2/1, ONLY 780 sf, 2-car detached, 1 DOM)
1218 Jefferson - SOLD $325850 (1096 sf, 2-car detached, 4 DOM)
1046 Jefferson - SOLD $515k (4/2.5, 2-car detached, 2710 sf, 42 DOM)

Location:

1037 Jefferson Ave, Indianapolis, IN 46201

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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.