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Off-Market
1214 W Ray St
Indianapolis, IN 46221, USA
List price
$69,990
Multi-unit house
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1214 W Ray St, Indianapolis, IN 46221WALKTHROUGH MONDAY, 07/21/25
MUST TEXT 317-751-2308 FOR ACCESS AND TIME
CASH ASKING PRICE
$ 69,990 CASH OR BEST OFFER
AFTER REPAIR VALUE
$ 250,000
Based on 2/1 per side Duplex Conversion
RENTAL ESTIMATE
$ 2,357
Rent-O-Meter
PROPERTY DETAILS
- Duplex
- 4 Beds
- 3 Baths
- Roof 5-10 years, Good condition
- Located in the city's new One Health Innovation District. Major investments underway/planned by Elanco, New Soccer Stadium, and more
- Option to Leave as a Single Family or convert to Duplex for highest value
- Current Occupancy Owner Occupied
- Occupancy at Close Vacant at Close
- Close of Escrow 08/29/25
- Best Offer Due By 07/22/25 03:00 PM
- Non-Refundable Earnest Money Deposit $ 5,000
MARKET ACTIVITY
SUBJECT PROPERTY : 4 Beds / 3 Bath / 2,072 Fin Sqft
COMPARABLES / RECENT ACTIVITY
- 1 Less Bedroom per Side, Less Sqft
- Basic finishes and far below market rents contributed to lower sale price
- Not fully updated finishes and below market rents contributed to lower sale price
LINK TO COMPS
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Property type
Multi-unit house
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Other
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