Investors, developers and visionaries, bring your blueprints and your tools, because this property is packed with upside and value-add potential! Small but mighty, this turn-of-the-century bungalow features 2 bedrooms, 1 full bathroom w/ laundry & an enclosed sunroom for incremental living space! She appears to be structurally sound & provides… Read More opportunity for cash flow as a rental or she would make a VERY affordable owner-occupied HOME. The real magic, however, lies in the future of the location for redevelopment to commercial or light industrial, as she is surrounded by vacant lots, adjacent to commercial & ready to be rezoned. For the time being, there is a storage shed, fenced yard and a detached garage w/ convenient alley access (the garage appears to need some structural reinforcement & is sold AS IS), a dry basement & modern mechanicals. The options here are wide open. Maybe you rehab the property to craft a charming, low-overhead rental OR wipe the slate clean and see what the future holds for this area of S Meridian St, located sooooo close to downtown Indy, with an entire block ready for redevelopment & an up & coming neighborhood behind it, enjoying a new life in renovation. Multiple offers received. H&B due by 10/6 @ noon. Read Less
Courtesy of Carpenter, REALTORS®.
Listing Snapshot
Days Online
18
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
1
Square Ft.
828
Lot Size
0.09 Acres
Year Built
1900
MLS Number
22128878
Additional Details
Appliances & Equipment
Dishwasher, Dryer, Microwave, Gas Oven, Refrigerator, Washer, Water Heater
Basement
Cellar, Partial, Unfinished
Building
Built in 1900, Living area: 828, Building faces West, Levels: One, Construction Materials: Aluminum Siding
Cooling
None
Exterior Features
Patio/Porch Features: Glass Enclosed, Barn Mini
Fence
Chain Link, Fence Complete
Foundation
Block, Crawl Space
Garage
1 space
Heating
Forced Air
Interior Features
Attic Access, Paddle Fan, Eat-in Kitchen
Lot
0.09 acres, City Lot, Curbs, Sidewalks, Storm Sewer, Street Lights
Parking
Detached
Property
Fixer
Taxes
Additional parcels description:, Parcel Number: 491113180002001101, Legal Description: Frank S Sub Yandes Add L1, Lot: 491113180002001101, Year: 2025
Utilities
Electricity Connected, Natural Gas Connected, Sep Electric Meter, Sep Gas Meter, Sep Sewer Meter, Sewer Connected, Water Connected, Water Source: Public
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