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2013 S Meridian Street, Indianapolis, IN 46225

$75,000
: 2
BD
: 1
BA
: 1,035
SqFt

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List Price: $75,000
MLS#: 22128878
Property Type: Residential
Bedrooms: 2
Bathrooms: 1
Sqft. of Residence: 1,035
Year Built: 1900
Days on Market: 10
Status: PENDING

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Property Description

Investors, developers and visionaries, bring your blueprints and your tools, because this property is packed with upside and value-add potential! Small but mighty, this turn-of-the-century bungalow features 2 bedrooms, 1 full bathroom w/ laundry & an enclosed sunroom for incremental living space! She appears to be structurally sound & provides opportunity for cash flow as a rental or she would make a VERY affordable owner-occupied HOME. The real magic, however, lies in the future of the location for redevelopment to commercial or light industrial, as she is surrounded by vacant lots, adjacent to commercial & ready to be rezoned. For the time being, there is a storage shed, fenced yard and a detached garage w/ convenient alley access (the garage appears to need some structural reinforcement & is sold AS IS), a dry basement & modern mechanicals. The options here are wide open. Maybe you rehab the property to craft a charming, low-overhead rental OR wipe the slate clean and see what the future holds for this area of S Meridian St, located sooooo close to downtown Indy, with an entire block ready for redevelopment & an up & coming neighborhood behind it, enjoying a new life in renovation. Multiple offers received. H&B due by 10/6 @ noon.

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Additional Information

Basement: Cellar, Partial, Unfinished
Foundation: Block, Crawl Space
Stories: One
Architecture: Traditional
Interior: Attic Access, Paddle Fan, Eat-in Kitchen
Exterior Amenities: Barn Mini
Acres: 0.09
Heat: Forced Air
Cooling: None
Financing: Conventional, FHA 203(k)
Appliances: Dishwasher, Dryer, Microwave, Gas Oven, Refrigerator, Washer, Water Heater
Semi-Annual Taxes: $736
Garage: Yes
Garage Parking: Service Door
Region: Center
Areas: Bedroom Other on Main, Laundry in Unit
Eating Areas: Dining Combo/Kitchen