1607 S State Ave

APPROVED FOR FUNDING FROM OFFERMARKET CAPITAL - GET AN INSTANT LOAN QUOTE AND PRE APPROVAL

🔥 Indianapolis Value-Add Deal | Partially Renovated | Low Risk 🔥

Address: 1607 S State Ave, Indianapolis, IN 46203
ARV: ~$190,000

Property Overview

Solid 3-bed, 1.5-bath home offering 1,188 sq ft with renovations already underway. This is a low-risk value-add opportunity where much of the heavy lifting is started—ideal for investors looking for a quick flip or rental.

Key Features

• 3 Beds / 1.5 Baths
• 1,188 Sq Ft
• Vacant at closing
• Functional layout

Condition & Systems

• New furnace
• Water heater: 2018
• New 200-amp breaker box
• PEX plumbing installed
• Kitchen upgraded with granite countertops + soft-close cabinets
• Renovation in progress:
  • Bedroom drywall needed
  • Flooring ready to install (materials included)

Investment Highlights

• Renovation partially completed = reduced rehab time
• Strong comps supporting ~$190K ARV
• Ideal for quick flip or buy-and-hold
• Major systems already updated = lower capex

Comparable Sales

• 1517 E Kelly St – Sold $167,000 (3/2, 912 sq ft)
• 1514 Lawton Ave – Sold $180,000 (2/1, 1,000 sq ft)
• 1606 Asbury St – Sold $145,000 (3/1, 892 sq ft)
• 2236 Saint Paul St – Sold $160,000 (2/2, 1,344 sq ft)

Deal Potential

• Flip into the ~$180K–$200K range depending on finishes
• Rental with strong demand in Indy market
• Finish rehab and capture quick equity

⚡ Partially renovated deals with major systems already done don’t last — move quickly
 

⚠️ OfferMarket listings are third-party listings. For your safety, please use the "Talk to Seller" feature built into each listing. This allows our team to review communications and helps prevent scams on the platform.

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.
• Instant Insurance Quote: Protect your investment with our tailored policy in minutes.

Ready to invest? OfferMarket is a real estate investing platform featuring off-market deals, private lending, investment property insurance. Get an instant loan quote and pre-approval for this listing. Start exploring deals now!