1126 Union Street, Indianapolis, IN 46225
- $199,900
- 4
- BD
- 4
- BA
- 2,456
- SqFt
- List Price
- $199,900
- Price Change
- ▼ $10,000 1779386974
- MLS#
- 22072537
- Property Type
- Residential
- Bedrooms
- 4
- Bathrooms
- 4
- Sqft. of Residence
- 2,456
- Year Built
- 1920
- Days on Market
- 259
- Status
- ACTIVE
Property Description
1126 Union St presents an excellent investment opportunity in the rapidly revitalizing Old Southside neighborhood. Just moments from Lucas Oil Stadium and downtown Indy, this 4 bed, 3.5 bath home (2,000 sq ft + 414 sq ft unfinished daylight basement) offers strong potential as a fix & flip, long-term hold, BRRRR strategy, or high-performing STR (projected $70k+ annual revenue). The home was taken to the studs and rebuilt a few years ago, but it was recently vandalized and now needs a full cosmetic renovation. Repairs needed include paint, flooring, kitchen, baths, fixtures, WH/HVAC, and exterior cleanup. The roof and composition cement siding appear to have been replaced within the past few years, so most of the heavy lifting is interior. ARV estimated at $350k+. The floorplan is ideal for renters or guests, featuring raised ceilings, open living/dining/kitchen layout, a main-level bedroom and full bath, plus a laundry room with adjacent half bath. Upstairs offers a primary suite with walk-in closet and full bath, along with two additional bedrooms and a shared full bath. Large covered front porch, deep lot that runs street-to-street, with gravel parking in the front and rear. No neighbors directly to the north, and revitalization is happening all around. Cash or hard money only. Sold as-is. A prime project in one of Indy's fastest developing urban districts-bring your vision and unlock big upside!
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Additional Information
- Basement
- Unfinished
- Foundation
- Block
- Stories
- Two
- Architecture
- Traditional
- Foreclosure
- Yes
- Interior
- Attic Access, Walk-In Closet(s)
- Acres
- 0.17
- Heat
- Forced Air, Natural Gas
- Cooling
- None
- Financing
- SeeRemarks
- Appliances
- None
- Region
- Center
- Areas
- Bedroom Other on Main
- Eating Areas
- Formal Dining Room
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Listing courtesy of Keller Williams Indpls Metro N.
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