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208 N Tacoma Ave Indianapolis, Indiana 46201 MLS# 22002455
INVESTOR SPECIAL - FLIP OPPORTUNITY IN RAPIDLY DEVELOPING AREA! SHORT SALE!! This is your chance to complete a nearly 2,400 sq. ft., 3-bedroom, 2-bathroom home located just minutes from downtown Indianapolis in a neighborhood poised for explosive growth. The property is surrounded by new construction and beautifully renovated homes, making it an ideal investment for those looking to capitalize on the area's upward trajectory. Purchased in 2023 for $133K, this distressed property has already had $40-50K of work completed, including a brand-new roof, siding, framing, drywall, and rough-ins for electrical and plumbing. The heavy lifting is done, and now it's ready for your finishing touches. A detailed scope of work and architectural plans are available to guide the final stages of the project, allowing you to complete the project quickly and maximize your returns. Bid to get work done is $45,000. The large concrete pad that has been constructed after purchase of the home for $133K in the back offers even more value-add potential with space for a garage or accessory dwelling unit (ADU). Whether you plan to flip, rent, or tap into the booming short-term rental market, this property is a versatile investment opportunity. This is a short sale subject to lender approval, and the seller expects a quick response from the lender. Offers must be at $125K or higher to be considered. Don't miss out on this opportunity to invest in a high-demand area and turn this property into a lucrative asset. Schedule your showing today and take the first step toward making this promising project your next success story!
Approximate Room Sizes / Descriptions
Bathrooms
Reduced By $74,000