1163 Groff Ave

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🏡 1163 Groff Avenue, Indianapolis, IN 46222

3 Bed | 1 Bath | 1,624 Sq Ft

💰 Wholesale Price: $109,999

📈 ARV: ~$215,000

Strong value-add opportunity in an active West Indianapolis pocket with solid comparable sales.

🔎 Property Overview

• Single-Family (Frame Construction)

• Built in 1920

• 1,624 Sq Ft Living Area

• 4,486 Sq Ft Lot

• 3 Bedrooms / 1 Bathroom

• Tenant occupied – Will be delivered vacant at closing

🛠 Major Updates Already Completed

• Roof: 7–8 years old

• AC: 3 years old

• Plumbing: New

• Electrical: New wiring

With key mechanicals updated, this property reduces major system risk and allows investors to focus primarily on cosmetic improvements and value optimization.

📊 Comparable Sales

• 3464 W 12th St – Sold for $215,000

• 344 N Addison St – Sold for $230,000

• 1933 N Holmes Ave – Sold for $209,000

• 621 N Livingston Ave – Sold for $170,000

Renovated comps support a realistic ARV around $215K+ depending on finish level.

🎯 Investment Strategy

Ideal for:

• Fix & Flip

• BRRRR

• Long-Term Rental

Large square footage (1,624 sq ft) provides flexibility to modernize layout and push resale value.

📌 Deal Terms

• EMD: $5,000

• Title: Monument Title Insurance Company

• Vacant at closing

📩 Reach out for access details, rehab insights, or to submit your offer.

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Resources:

• Run the numbers with rehab costs using our Cash Offer Calculator.
• Run this scenario through our DSCR Calculator.
• Run this scenario through our Fix and Flip Calculator.

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