2339 Spann Ave

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🔥 Indianapolis Deep Discount Deal | 2-Car Garage | $100K Spread 🔥

Address: 2339 Spann Ave, Indianapolis, IN 46203
Price: $54,900 (OBO)
ARV: ~$155,000
Rent: ~$1,250/month

Property Overview

Solid 3-bed, 1-bath home offering 1,094 sq ft with a full basement and rare 2-car garage. This is a high-margin value-add deal with strong rental and flip potential.

Key Features

• 3 Beds / 1 Bath
• 1,094 Sq Ft
• Full Basement
• 2-Car Garage (big value add)
• 5,489 Sq Ft Lot
• Built in 1924
• Vacant at closing

Condition & Opportunity

• Value-add / moderate rehab opportunity
• Strong layout for resale or rental
• Opportunity to modernize and increase value

Investment Highlights

• ~$100K spread to ARV
• Rental potential: ~$1,250/month
• 2-car garage adds strong resale appeal
• Ideal for fix & flip or buy-and-hold

Deal Potential

• Flip into the ~$140K–$165K range
• Rental with solid cash flow
• BRRRR opportunity with forced equity

Deal Terms

• Cash Price: $54,900 OBO
• Land Contract: $93,900 with $14,000 down

Photos

⚡ Deals under $60K with this kind of spread and garage don’t last — move fast
 

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