Available
$119,990(ARV: $600,000)20% of ARV

Marion County, Indianapolis, IN 46220

4 bd2 ba4,185 sfBuilt 1950

8 days ago

Gross spread$480,010

Description

MAJOR UPSIDE 2 HOUSES IN ONE!! Indianapolis 3750 Kessler Boulevard East Dr, Indianapolis, IN 46220 WALKTHROUGH MUST TEXT [contact details hidden] FOR ACCESS AND TIME CASH ASKING PRICE $ 119,990 CASH OR BEST OFFER AFTER REPAIR VALUE $ 600,000 Standalone Carriage house being used as unregistered Additional Dwelling Unit (ADU). Potential to convert to legal 2-Bed ADU. 2 garages on the property (1-car attached to main house and another large standalone garage) High Home Value Area Rentometer Medians: 4-Bed at $2,575 and 2-Bed at $1,990 RENTAL ESTIMATE $ 4,565 Rent-O-Meter Combined 4 and 2 Bed Medians PROPERTY DETAILS - SFH - Enormous Value-Add Investment Opportunity By Legally Changing the Existing Carriage House into an ADU!! - 6 Bedrooms (Main House: 4 Beds After Renovation & Second House: 2 Bed After Renovation) - 4.5 Bathroom (Main House: 2.5 Baths After Renovation & Carriage House: 2 Baths After Renovation) - 4-Car total (1-Car attached and 3-Car Detached) - Main House: 3,500 Sq Ft, Estimate Including Finishing Basement - Carriage House: 1,106 Sq Ft, Estimate - 28,793 Sq Ft Lot - Both Houses 2-Levels - 1950 Build - City Water - Septic Tank (However, connection to City Sewer is Available) - Current Occupancy: Vacant - Occupancy at Close: Vacant at Close - Close of Escrow: TBD - Best Offer Due By: TBD - Non-Refundable Earnest Money Deposit: $5,000 More Details: [contact details hidden] Link to ALL Photos: [contact details hidden]

$/sqft vs market

This deal$29/sqft
Market median$211/sqft
Difference−86% below

Median of 6 comparable listings matched on ZIP + property type. A narrow sample moves a lot; read it as context, not as a valuation.

Property

Bedrooms4
Bathrooms2
Square feet4,185
Lot size28,793 sf
Year built1950
ConditionMajor Repair
OccupancyVacant
ParkingAttached Garage

Systems & condition

HeatingOther
Air conditioningNone
FoundationOther

Self-reported by the seller. Not inspected.

Property information

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