Available
$87,900(ARV: $125,000)70% of ARV

Madison County, Anderson, IN 46016

2 bd1 ba720 sfBuilt 1950

14 days ago

Gross spread$37,100

Description

Fix & Flip or Buy & Hold Investment Opportunity!Located in the desirable Lovetts Park neighborhood of Anderson, Indiana, this 2-bedroom, 1-bath home is a fantastic opportunity for investors looking for a property with major infrastructure improvements already completed. With just a little TLC, this home has the potential to become an excellent flip or rental property. One of the biggest advantages is that approximately $13,000 has already been invested in recent repairs and upgrades, saving the next owner both time and money. Recent Improvements Include:• Brand new furnace installed (approximately $5,000 value)• Main sewer/plumbing line completely replaced with new PVC piping• Two new sewer cleanouts installed (side and rear of the property)• Older collapsed plumbing system removed and upgraded• Major mechanical and underground infrastructure improvements already completed These are costly repairs that many investors don't discover until after closing, but they've already been taken care of here. The remaining work is primarily cosmetic, making this an ideal project for an investor looking to add value without tackling expensive mechanical repairs. Property Highlights• Lovetts Park – Anderson, Indiana• 2 Bedrooms | 1 Bathroom• Needs light cosmetic updates• Approximately $13,000 in recent repairs completed• New furnace• New PVC sewer line• New cleanouts installed• ARV approximately $125,000 Opportunities with major infrastructure already completed don't come along often. Bring your vision, finish the cosmetic updates, and capitalize on the strong resale potential in this growing Anderson neighborhood. COMPS: $125K LINK TO PHOTOS < CLICK > Property Details Call or Text Butch @ [contact details hidden] Disclaimer: This solicitation is not from a licensed real estate professional. Many of our properties do require some sort of renovations. It’s up to you to perform your own due diligence. We do offer General Contracting Services. If you would like for us to bid out your renovations please ask.

$/sqft vs market

This deal$122/sqft
Market median$92/sqft
Difference+32% above

Median of 14 comparable listings matched on ZIP + property type. A narrow sample moves a lot; read it as context, not as a valuation.

Property

Bedrooms2
Bathrooms1
Square feet720
Lot size5,227 sf
Year built1950
ConditionLight Rehab
OccupancyOwner Occupied
ParkingUnassigned

Systems & condition

Roof age4-10 yrs
HeatingFurnace · 0-5 yrs
Air conditioningCentral AC
FoundationFull basement
Foundation conditionExcellent

Self-reported by the seller. Not inspected.

Seller

CompanyWithheld
Disposition repWithheld
Documents on file0
Views on the source listing43
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