Property Description:

1224 N Newman St Indianapolis, Indiana 46201 Ample space and a flexible floor plan allow for an easy remodel! The lot is hugged by mature trees and allows for privacy on the north side. Original staircase, tall ceilings and some wood detail still remain. This a tremendous value to purchase into a historic neighborhood going through a revitalization! Windsor Park is a part of the Near East Area Renewal project. Lots of Resources available to get this flip complete. Scope Of Work (Full gut and rebuild) -New roof -All new siding or finish existing siding that is still in great shape -All new floor -Mostly new drywall, along with moving/removing/adding a few walls -Main floor master suite -Rebuild/repair both decks (Back Deck has great view overlooking the Pogues Run) -Majority new plumbing -Majority new electrical -HVAC -Jack foundation up a bit, but easy access to do this and actually has been started -All new paint/trim/doors/fixtures/etc Some windows have already been installed and more inside to be installed. -Finish Attic (Has 2 sides split by wall) (optional) -Add garage to increase property value (optional) Alternative Exit Strategy: Make into two level Multi Family Unit ( approx. 1300 sq ft on each level) , and charge $1200 per unit ($2400 total monthly gross income) to create cash cow! Home currently has TWO KITCHENS. Or explore Air BnB options! The possibilities are endless! Do not miss out on this fantastic OPPORTUNITY! ARV: $330K REPAIRS: $80K-$110K (DEPENDING ON FINISHES & GARAGE) Visit propertydeal.us/471758 to view pictures, comps, and videos!