Property Address: 257 South Keystone Ave, Indianapolis IN

NOTE: The Mold, Leak in basement, and Pest control issues shown in inspection report have all been fixed since the inspection took place. All resolved issues.

Property Features:

• 2 bds /1.5 ba: with potential for 3 bd/2ba
• 1027 sf.
• Unfinished full basement
• Fenced front & backyard
• Nice large parking area in the back
• Street parking as well

Occupancy/Rent & Lease Info:

Vacant

ARV $ 170,000

-Rehab needed: $30k estimated

Long Term Rent Potential: $1,100 Monthly

• 9.73 % cap rate
• $75,000 Equity Potential

Short Term Rental Potential:

AirDNA Rentalizer: Monthly $3,683.33

• 32.6 % cap rate

Fix and Flip

Rehab Estimate $30K

Gross Margin $75,000

Contract Details:

Closing Date:

2021 Real Estate Taxes: $877

Some personal property may be left behind at closing. Budget for some clean out.

Bidding/Offer Process:

Important: All due diligence and/or inspections need to be done prior to submitting your offer. Please don't submit an offer unless you have every intention of following through to close. Buyers who back out after the offer deadline will be removed from the buyers list.

Starting Bid: $65,000

All Buyers Offer Deadline: 3/24/2023

To make an offer on this property, simply click the blue 'Make An Offer' button above and fill out the short form.

Cash, Private Money, Hard Money & Commercial Loans Accepted. Conventional financing is not accepted.

Earnest Money: $5,000 Due At Assignment Of Contract

Buyer shall pay a Transaction Coordination fee of $375.00 at closing.

Note: If an offer is accepted by a VIP Buyer during the VIP Offer period, then the deal will not be available to all buyers. A second communication will be sent if the second offer period opens!

Not a VIP yet? Our VIP Buyer Program is the easiest way to buy off-market deals in NEWI! Get started here!

Please be sure you're familiar with the 'Terms Of Purchase', found in the 'Documents' section, prior to making an offer.

AS A RULE: we don't show properties. We have everything provided for you to see all property details through our pictures, videos, and documents section. We encourage any questions and ask that you contact our Dispositions Manager for anything that you need. Exceptions may be provided under certain circumstances.