2326 Winthrop Avenue, IN 46205

$119,000
2
BD
1
BA
1,014
SqFt

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List Price
$119,000
Status
ACTIVE
Days on Market
22
Price Change
▼ $1,000 1791936498
MLS#
22128232
Subtype
Residential
Year Built
1940
Bedrooms
2
Bathrooms
1
Full Baths
1
Living Area
1,014
Acres
0.09
Subdivision
Reagan Park
MLS Area Major
Center

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

Taxes
$647
Appliances
Gas Oven, Refrigerator, Water Heater
Air Conditioning
Window Unit(s)
Stories
One
Foundation
Crawl Space
Garage Spaces
2

Listing courtesy of Pamela Journey. E & L Son Enterprise, LLC

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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID.


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