$12,900 · ANDERSON, IN 46012
Works for flippers · Works for landlords

Available

$12,900Asking price

3 bd · 1 ba · 936 sq ft · built 1954

ANDERSON, IN 46012

No contract on file

via InvestorLift Classic

8 views · 1 saved · listed 2 hours ago

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $150,000
Asking price: −$12,900
RepairsMiddle of the seller’s $50,000 – $70,000. Ours: $26,000 – $46,500: −$60,000
Loan, holding, closing20% down, 12% interest, 2 points, 84 days: −$5,378
Profit47.8% of ARV · flippers want 10%+: $71,722
Works

Works for a flipper up to $66,000.

HOOSIER BUYERS

Lily Ibrahim

No reviews yet

Comps

Sales

Rents

ARV $150,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $128,000.

The sales behind this value are shown to members.

ARV $150,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

HOOSIER BUYERS

Lily Ibrahim

No reviews yet

Seller Description

For more details, Call/Text Lily: (317) 644-2554

3 Bed, 1 Bath, 936 SF home built in 1954 on an 8,973 SF lot, featuring a detached 1-car garage, fenced backyard, and full basement. Vacant and requiring a major structural and interior rehabilitation. Recent exterior improvements include a roof approximately 1 year old and siding and windows updated within the last year. The property has significant foundation issues, with collapsed walls on two sides requiring reconstruction and structural stabilization. Interior rehab includes complete kitchen and bathroom renovations, drywall and flooring replacement, electrical and plumbing repairs, and installation of new A/C and furnace. Additional work includes addressing the missing electric meter, repairing the concrete walkway and lower siding, and clearing debris and overgrown landscaping. A substantial value-add opportunity for experienced investors looking to transform a distressed property for resale or rental.