🔥 Multifamily Duplex in Indianapolis. ASKING 93k ARV 230k ! 🔥

Marion County, Indianapolis, IN, 46201
Sold
Listed at: August 5th, 2024
Price
$93,000
ARV
$230,000
Gross Margin
$137,000
Sq. Footage
1248
Type
Multifamily
Parking
Driveway
Year build
1920
Lot size
0.10 acres
Bedrooms
2
Bathrooms
2
Half Bathrooms
0
Summary

Unlock the potential of 
422 Villa Ave a multifamily duplex located in a thriving Indianapolis neighborhood. This property is perfect for investors looking to maximize returns through a buy-and-hold strategy or the BRRR (Buy, Rehab, Rent, Refinance, Repeat) method.
Property Info:

- Address: 422 Villa Ave, Indianapolis, IN 46201 📍
- Type: Multifamily Duplex 🏘️
- Units:  2 units, each 1 bed / 1 bath 🛏️🛁
- Total Living Area: 1,248 sqft 📏
- Lot Size: 4,443 sqft 🌳
- ARV:  $230,000 📈
- Asking Price: 
- ⁠ $122,500💰

Renovation Details:

-  Full Rehab Needed:  Including roof, AC (window units), and floors 🛠️🔧
Rental Potential: Can be rented for $1100-$1200 per month per unit after renovation 💵🏠

 Investment Highlights:

-High ROI Potential: 

Significant upside with an After Repair Value (ARV) of $230,000 📈

Great Comps:
  -  1148 Olive St: Sold for $235,000 (4 bed / 2 bath) 🏡
  - 909-911 Saint Peter St: 
Full rehab needed, sold for $160,000 🛠️
  - 35 N Walcott St: Full gut property, sold for $120,000 🔨

Why Invest Here?

This property offers a fantastic opportunity to capitalize on the growing Indianapolis market. With a full rehab, the units can achieve strong rental income, making it an excellent buy-and-hold investment. The surrounding area supports high ARVs and provides a robust market for rental properties.

 

  • All offers are Cash or Private Lender Only.
  • Deposits for all properties are non-refundable.
  • Properties are sold AS-IS with NO inspection period; Please inspect first.
  • Buyer pays all closing costs for buyer and sellers.
  • OFFERFI LLC is not a licensed contractor or appraiser.
  • Taxes, Insurance, and Closing Cost are estimates. Actual cost may vary.
  • Seller has an equitable interest in this property and is advertising the sale of this contract as it is assignable.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Bibiana Pelaez

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