Description

Two single family properties that must be sold together as one. One contract, one closing.

THE ARV LISTED REFLECTS THE TOTAL COMBINED ARV FOR BOTH PROPERTIES

ARV1+ARV2 = SHOWN ARV

This is an exceptional investment opportunity located in the highly sought-after Stout Field / Drexel Gardens area, just a mere 15 minutes away from the bustling downtown Indianapolis. The property is surrounded by numerous world-class attractions such as the Indianapolis Motor Speedway, Eli Lilly Recreation Park, and the Indianapolis Zoo, as well as an array of dining and entertainment options.

Moreover, this prime location is situated just 12 minutes from the Indianapolis International Airport, making it a highly desirable destination for business and leisure travelers alike. With its convenient access to major transportation hubs and endless entertainment options, this property is the perfect rental for those seeking a high-demand location and a strong return on investment. Don't miss out on this amazing opportunity!

5030 Miller Street

Bed / Bath : 2/1

Sqft: 832

Lot: 7,013 Sqft

Year: 1961

ARV: $135,000

5030 Miller PROPERTY DETAILS

Rehab Level: Moderate Cosmetic

Occupancy: Tenant Occupied / Vacant at COE

Construction: Wood Framed - Vinyl Siding

Water Heater: Good Condition (5 Years Old)

Electrical Panel: Good Condition

HVAC: Working Condition (8 Years Old)

Roof: Good Condition (10 Years Old)

5030 Miller PENDING COMPS

4810 W Beecher St, Indianapolis, IN 46241

Pending @ $149,000 - 2/1 - 720 Sqft - Year: 1964

https://www.redfin.com/IN/Indianapolis/4810-W-Beecher-St-46241/home/60023984

4747 Mecca Street, Indianapolis, IN 46241

Pending @ $120,000 - 2/1 - 728 Sqft - Year: 1940

https://www.redfin.com/IN/Indianapolis/4747-Mecca-St-46241/home/82258311

5030 Miller SOLD COMPS

1616 Beulah Ave, Indianapolis, IN 46241

Sold $190,000 on 10/04/2022 - 2/1.5 - 1,274 Sqft

https://www.redfin.com/IN/Indianapolis/1616-Beulah-Ave-46241/home/73633754

4806 W Mecca Street, Indianapolis, IN 46241

Sold $134,500 on 02/28/2023 - 3/1 - 1,072 Sqft - Year: 1935

https://www.redfin.com/IN/Indianapolis/4806-Mecca-St-46241/home/66864383

RENTAL

Rentals in the area Average $942 / mo

Based on 5 Properties seen within the last 6 months All 2 Bed 1 Bath

See attached Rentometer Pro Report

5036 Miller Street

Bed / Bath : 3/1

Sqft: 1,232 Sqft

Lot: 7,013 Sqft

Year: 1964

ARV: $180,000

5036 MILLER PROPERTY DETAILS

Rehab Level: Light Cosmetic

Occupancy: Tenant Occupied / Vacant at COE

Construction: Wood Framed - Vinyl Siding

Water Heater: Great Condition (2 Years Old)

Electrical Panel: Good Condition

HVAC: Working Condition (12 Years Old)

Roof: Good Condition (15 Years Old)

5036 Miller PENDING COMPS

1521 S Biltmore Ave, Indianapolis, IN 46241

Pending @ $180,000 - 3/2 - 1,460 Sqft - Year: 1930

https://www.zillow.com/homedetails/1521-S-Biltmore-Ave-Indianapolis-IN-46241/1286420_zpid/

5036 Miller SOLD COMPS

1616 Beulah Ave, Indianapolis, IN 46241

Sold $190,000 on 10/04/2022 - 2/1.5 - 1,274 Sqft

https://www.redfin.com/IN/Indianapolis/1616-Beulah-Ave-46241/home/73633754

4919 Mecca Street, Indianapolis, IN 46241

Sold $185,000 on 12/21/2022 - 3/2 - 1,376 Sqft - Year: 1938 (Arguably in Worse Shape)

https://www.zillow.com/homedetails/4919-Mecca-St-Indianapolis-IN-46241/112841507_zpid/

RENTAL

Rentals in the area Average $1,512 / mo

Based on 7 Properties seen within the last 3 months All 3 Bed 1 Bath

See attached Rentometer Pro Report

VIDEO WALKTHROUGHS

5030 Miller St Video Walkthrough

https://youtu.be/VAqzub6lXI8

5036 Miller St Video Walkthrough

https://youtu.be/8yT4YL7VvpU