2326 Winthrop Avenue, Indianapolis, IN 46205
- $120,000
- 2
- BD
- 1
- BA
- 1,014
- SqFt
- List Price
- $120,000
- MLS#
- 22128232
- Property Type
- Residential
- Bedrooms
- 2
- Bathrooms
- 1
- Sqft. of Residence
- 1,014
- Year Built
- 1940
- Days on Market
- 1
- Status
- ACTIVE
Property Description
Prime Investor Opportunity Near Monon Trail & Downtown - 2BR/1BA, 2-car detached Garage with Conversion Potential Excellent entry-level investment opportunity just 1 block from the Monon Trail in a gentrifaction area that's at full throttle! This property is currently configured as a 2/1, with an aapx 550SF garage BUT offers a unique opportunity to create two separate Single-Family Residential (SFR) units. Draft conceptual floor plans are attached to illustrate a potential layout for the two-unit configuration each with 2 BRs, washer/dryer hookup and off-street parking. The primary SFR has 1.5 baths and a porch. The 2nd unit is designed to be separately metered and totally electric to maximize the existing rooftop solar panels. This property offers a tremendous 'value-add' opportunity for an investor looking to sale/rent both SFRs and/or a homeowner looking to reside in 1 unit, and sell, rent or AirBNB the other. Offered AS-IS for just $120,000. The after-repaired value (ARV) as 2 separate SFR as drafted should excess $250k. Buyer due diligence is required to independently verify zoning, permitted use, ARV, etc.
Additional Information
- Foundation
- Crawl Space
- Stories
- One
- Architecture
- Ranch
- Acres
- 0.09
- Heat
- Natural Gas, Solar
- Cooling
- Window Unit(s)
- Appliances
- Gas Oven, Refrigerator, Water Heater
- Semi-Annual Taxes
- $647
- Garage
- Yes
- Region
- Center
- Eating Areas
- Dining Combo/Kitchen
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Listing courtesy of E & L Son Enterprise, LLC.
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