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1507 Ruddick Ave, Columbus, IN 47201, USA

$115,000

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Renovator's Dream: Charming Brick Home with Great Potential and Bedroom Expansion Opportunity Welcome to 1507 Ruddick Ave, a classic brick home in the heart of Columbus, Indiana. Built in 1954, this residence offers tremendous potential with 2 bedrooms, 1 bathroom, a spacious living room, a mudroom, and a detached garage, all within its 1,312 square feet. With the potential for a bedroom expansion, the possibilities for this property are even more exciting. Key Features: Location: 1507 Ruddick Ave, Columbus, Indiana, 47201 Bedrooms: 2 (with potential for additional bedroom) Bathrooms: 1 Square Footage: 1,312 sqft Year Built: 1954 HVAC: Installed in 2017 Water Heater: Upgraded in 2018 Appliances: Newer appliances, including a gas stove Closing Date: October 25th at Hocker Title Payment Type: Cash only Showings: By appointment only (Contact Sam Goins at 765-243-2583 or samuel@corban.homes to schedule) Earnest Money: $5,000 non-refundable Estimated Repair Costs: $50,000 After Repair Value (ARV): $210,000 Asking Price: $115,000 Description: Welcome to an exciting renovation opportunity! This classic brick home, built in 1954, has great bones and awaits your creative touch to restore its charm and appeal. The property offers an open-concept living area with a spacious living room, well-appointed kitchen, dining area, 2 bedrooms, and a single bathroom. One of the exciting features of this property is the potential to expand and add an additional bedroom, enhancing its value and usability. With an estimated repair cost of $33,000 and an estimated after repair value of $210,000, this presents an excellent investment opportunity. The asking price of $135,000 provides a substantial margin for the savvy investor or ambitious homeowner ready to put in the effort. Conveniently situated in Columbus, Indiana, this property is close to Donner Park, Central Avenue, downtown, and all that Columbus has to offer. The classic brick exterior adds to the curb appeal of this residence, making it a standout opportunity in the local real estate market. This sale is cash only, with the closing set for October 25th at Hocker Title. Showings are available by appointment only; contact Sam Goins at 765-243-2583 or samuel@corban.homes to schedule. A $5,000 non-refundable earnest money deposit is required. Seize this chance to breathe new life into this home and explore the potential of adding a bedroom. Make 1507 Ruddick Ave, Columbus, Indiana, your canvas for creating a stunning living space.