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Archived about 1 month ago

$80,000

2 bd 1 ba

107 Bakemeyer St, Indianapolis, IN 46225

Residential SFR

Current Rent **

N/A

Projected Rent **

$1,200

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Amie Lieurance

Garfield Park area Flip or Hold PLUS an extra Corner Lot with potential!!

Check out this 2/1 near Garfield Park! This sale comes with a second parcel lot that is on the corner next to the one with the house. The cheapest a lot has sold in the quarter mile over the last year was $47k!!!! TALK ABOUT ADDED VALUE! Both lots are 0.18 acre in size.

You could fix up the house and rent it out, or flip it! Maybe you want to look into building a new house on the corner lot or perhaps, just sell it! You have some options with this one....

Roof - 5 years
Water Heater - 3 years
Windows - Vinyl 5 years

Please reply for access information! The house is vacant and ready to be seen!

Single family recently sold include:
404 Gimber - SOLD $100k AS IS (3/1, no garage, 1272 sf, ONLY 0.14 acre lot, 1 DOM)
2701 S Illinois - SOLD $183k (2/1, 782 sf, 2-car detached, ONLY 0.12 acre lot, -16 DOM)
2701 S Illinois - SOLD $215k (3/2, 1032 sf, 2-car detached, 0.49 acre lot, 6 DOM)
2559 S Meridian - SOLD $220k (2/1.5, 1400 sf, 2-car detached, ONLY 0.11 acre lot)

Location:

107 Bakemeyer St, Indianapolis, IN 46225

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.