$45,000 · MACY, IN 46951
Works for flippers

Available

$45,000Asking price

2 bd · 1 ba · 928 sq ft · built 1935

MACY, IN 46951

No contract on file

via InvestorLift Classic

2 views · listed Oct 30

Works for flippers

The Numbers

Sells for (ARV)From the listing: $130,000
Asking price: −$45,000
RepairsMiddle of the seller’s $50,000 – $60,000. Ours: $25,000 – $45,000: −$55,000
Loan, holding, closing20% down, 12% interest, 2 points, 82 days: −$6,941
Profit17.7% of ARV · flippers want 10%+: $23,059
Works

Works for a flipper up to $54,000.

AMERICAS BEST REI LLC

Noah Clark

No reviews yet

Comps

ARV $130,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $147,000.

The sales behind this value are shown to members.

ARV $130,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

AMERICAS BEST REI LLC

Noah Clark

No reviews yet

Seller Description

Overview

6304 North Burns Ave presents a unique waterfront redevelopment opportunity in Macy, Indiana. Sitting on a 7,927 SQFT lot, this 2-bedroom, 1-bath home offers 928 SQFT of living space and is positioned in one of the property's strongest selling points: its waterfront location. The home has sustained significant damage and will require a substantial renovation, but the combination of location and value-add potential creates an attractive opportunity for experienced investors.

Highlights

This property features 2 bedrooms, 1 bathroom, and 928 square feet of living space on a 7,927 square foot lot. The standout feature is its waterfront setting, offering views and desirability that are difficult to replicate. The location provides strong appeal for both future homeowners and rental occupants seeking a property with water access and scenic surroundings. With an estimated ARV of approximately $130,000, investors have a clear value target to work toward when planning their renovation strategy.

Why This Deal?

Waterfront properties are rarely available at a price point that allows investors to create significant value through renovation. While the property is in distressed condition and will likely require $50,000-$60,000 in repairs, the location drives the opportunity. Investors who understand the importance of buying the right location first will recognize the potential this property offers. Whether your strategy is a fix-and-flip, long-term rental, or vacation-style rental, the waterfront aspect provides a key competitive advantage that many comparable investment opportunities simply do not have.

Opportunities to acquire waterfront properties with upside potential do not come around often. If you're looking for your next value-add project and understand the strength of location-driven investments, this is a deal worth reviewing. Reach out today for additional details, photos, and access information before this opportunity is gone. Cash buyers and serious investors only.

Brazos Gadler | 832-671-9595