Address: 1714 Brookside Ave Indianapolis, IN 46201

4-bedroom / 2 bath Single Family Home 

Property is Vacant! Contact the Dispo Manager for access. 

Deal Takeaways:

• Tons of spread in the deal
• Rehab started, needs to be finished
• ARV comps trending at 350k
• Bigger 4 bedroom comps in the area trending above 650k!
• Lots of new builds in the area driving up market prices

Comps: 

• 904 N Keystone Ave, Indianapolis, IN 46201 - sold for 340k (without an HVAC, and not updated)
• 1635 Bellefontaine St, Indianapolis, IN 46202 - sold for 317k
• 1568 Brookside Ave, Indianapolis, IN 46201 - sold for 360k (and 1 less bedroom)

Financials:

ARV: $350,000

Purchase Price: $209,500

Estimated Profit Details (Flipper/MLS Sale):

ARV: $350,000

(*) 94% for sale commissions

(-) $209,500 purchase price

(-) $65,000 estimated rehab costs

(-) $5,000 esti. closing / holding cost

(=) $49,500 profit

Property Details:

2,388 Home Square Feet 

6,316 SQFT Lot Size

Closing on Jun 6th, 2024

Started replacing foundation bricks with new block. New treated sill plates.

Replaced all 1st and 2nd floor joists. New subfloor.

Pex waterlines insulated under floor.

Replaced existing plumbing under floor.

New Flex ductwork under floor. New back porch with terrace , with new rubber floor .

Replaced all windows, new front door and new front porch and roof system (need shingles) on front  porch.

Installed Tyvek and smart siding and soffit .

House is ready for branch wiring.

Ready for gas furnace.