HUGE PRICE REDUCTION!
Indy Duplex – Fix and Flip or Buy and Hold
609 and 611 Udell St Indianapolis, IN 46208
CASH ONLY $90,000 OBO
Many renovated beautiful homes surround this diamond in the rough. Please note that per Marion County Assessor’s Office, this is a 1188 sq ft duplex with 2 beds and 2 baths TOTAL. Each side is 594 square feet with 1 bed and 1 bath and a basement. This is listed incorrectly in many places.
As a buy and hold, per Rentometer, the avg rental rate in this area for a 1/1 is $1040 which means avg monthly rental potential for both units is $2080!
As a Fix and Flip, the average ARV is approximately $208,435. Please see ARV comps below. This property does need about $40k in work. Age of roof and mechanicals are unknown but were in working condition as of last tenant. The foundation does have some cracks, which have resulted in cracks on the inside too. In addition, one unit needs a furnace and a water heater. Please reach out for additional information or to schedule a walkthrough.
Click Here for Property Card: Parcel_1030724_PRC (1).pdf – Google Drive
Click Here for Rental Rates: 20251001-Rentometer-609_Udell_Street_Indianapolis_IN_USA-1-bed-UIpvHiVBIZQ.pdf – Google Drive
***Click Here for ARV Comps: MLS Comps 609 and 611 Udell St.pdf – Google Drive
***Please note sq footage is actually 1188 sq ft., not 594 as listed. Avg price per square foot is 175.45 x 1188 = $208,434.60 ARV
Click Here for Additional Pictures and Videos: Pics 609 and 611 Udell – Google Drive