Indianapolis Turnkey Rental or Fix/Flip
866 W 25th St Indianapolis, IN
$97,500
Get almost $38k Instant Equity! This property would be ideal either as a turnkey rental or a fix and flip! This rent ready 1492 sq ft 2bdrm/1.5 bath SFH house with a fenced-in backyard had a complete inside remodel 7 years ago including all new electricity, new 100 AMP panel box with extra room, new bathroom, new furnace, new water heater, and so much more! Per Rentometer average monthly rental income for this home in this area is $1,437.00 (See Rentometer Report Below), providing 1.5% which is significantly better than the 1% rule. As a Buy and Hold, this already rent ready property Avg Comps show $135,190 less purchase price of $97.5k gives instant equity of $37,600!
Or, this would also be an IDEAL FIX and FLIP. This could be converted into a 3/2 or even a 3/3. ARV is around $244,000 (See Comps Below) This property is located in the popular transitioning Riverside neighborhood where there are many new builds and many homes being renovated. This property will not last long. Please contact Lisa to schedule a walkthrough.
Click here for additional photos and video: Pics 866 W 25th St – Google Drive
Rentometer Report: 20250906-Rentometer-866_West_25th_Street_Indianapolis_IN_USA-2-bed-ijl_WyH2H64.pdf – Google Drive
MLS Comps for 3 bdrm: mls comps 866 W 25th St.pdf – Google Drive
MLS Comps for 2 bdrm: 2 bedroom comps 866 W 25th Street.pdf – Google Drive