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Archived over 1 year ago

$50,000

2 bd ba

1431 N Tibbs Ave, Indianapolis, IN 46222

Residential SFR

Current Rent **

$1,400

Projected Rent **

$1,400

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Estimated Rent †

Pro Only

Estimated Rent Confidence ‡

High

Posted By:

Amie Lieurance

VACANT!! Great west side buy and hold near Indianapolis Motor Speedway on Tibbs!!!!

Check out this west side 2/1.5 that is really close to the Indianapolis Motor Speedway! This would be a great buy and hold or AirBNB during racing season located in the Hollywood neighborhood. The lowest sold comp in the 1/4 mile was $63,900 and it was a 2/1 AS IS! This price is great for AS IS in the area!

The home comes with a detached garage and it is vacant and ready to show!! Reply for access information.

Recent 1/4 mile sales include:
1312 Groff Ave - SOLD $63,900 AS IS (2/1, ONLY 768 sf, NO GARAGE, 7 DOM)
1411 N Tibbs - SOLD $85k (3/1, 996 sf, 2-car detached, 4 DOM)
1623 N Tibbs - SOLD $90k (2/1, NO GARAGE, 1008 sf, 16 DOM)
1418 Exeter - SOLD $150k (2/1.5, 912 sf, NO GARAGE, 4 DOM)

Location:

1431 N Tibbs Ave, Indianapolis, IN 46222

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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.