Amazing Indianapolis Flip Opportunity--28% ROI

[Clay Manship]

Hello all Indy Investors & Flippers-

I own a property at 1413 S. East St, Indianapolis, IN 46225, that I intend to flip...but simply have too many other projects going on right now to give this one the attention that it needs.

The property is 3BR, 1BA, and about 1,600 square feet. A nice big fenced-in yard and 1-car garage. If I end up flipping it, I will add an additional bathroom on the main level off of the master suite, making it a 3BR/2BA. It is located in the historic Bates-Hendricks neighborhood of Indianapolis, which is one of the hottest neighborhoods for redevelopment in the city. Many HGTV shows have taken place here, and there are a handful of properties on the next streets over that have sold, or are on the market currently, for $200,000+ (601 Sanders, 425 Parkway, 614 Weghorst, 1407 S. New Jersey).

Price: $50,000
Rehab: $60,000
All-In: $110,000

ARV: $170,000
Less Commissions (7%): $11,900
Less Holding Costs: (3%): $5,100

NET PROFIT: $43,000 (39%)

I am willing to offer seller financing/land contract for the right buyer and at the right terms. $50% down, payments of $250 per month for 12 months or until sale on the flip. Also open to a joint venture structure with the right strategic partner. [PICS BELOW!]

[Lee Smith]

That purple sheet/door cover and shower curtain are worth the price of admission on their own!!!  Good luck with sale!