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Off-Market
2339 Spann Ave
Indianapolis, IN 46203, USA
List price
$54,900
Single family
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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
⚡ Deals under $60K with this kind of spread and garage don’t last — move fast
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Property details
2 details the seller has shared
Property
· The bones — what the buyer sees first
Property type
Single family
History & terms
· Past sales, updates, and deal mechanics
Reason for sale
Other
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