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… Read More 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. Read Less
Courtesy of E & L Son Enterprise, LLC.
Listing Snapshot
Days Online
0
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
1
Square Ft.
845
Lot Size
0.09 Acres
Year Built
1940
MLS Number
22128232
Additional Details
Appliances & Equipment
Gas Oven, Refrigerator, Water Heater
Building
Built in 1940, Living area: 845, Levels: One, Construction Materials: Aluminum Siding, Vinyl Siding
Cooling
Window Unit(s)
Floors
Hardwood
Foundation
Crawl Space
Garage
2 spaces
Heating
Natural Gas, Solar
Lot
0.09 acres, Not In Subdivision
Parking
Detached
Property
Fixer
Taxes
Parcel Number: 490625187089000101, Legal Description: Reagan Park Add L182 Also 2Ft N Side L183, Lot: 1056371, Year: 2025
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Water Source: Public, 200+ Amp Service
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