8514 E 36th Pl

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Buy-and-hold or BRRRR deal in 46226.    
8514 E 36th Place, Indianapolis, IN 46226  
Large lot with extra parking space. Right next to schools, daycare, park and open space. AC just serviced, 5-yo roof, plumbing repaired w/in 5 yrs.  
Est. ARV: $235,000+ 
Meets 1% rule as a rental. As-is should get at least $1250/month in rent.
Property Details: 3b, 3ba 2,132sqft 
8,363 sqft lot 
1-car carage   
Terms: 
Closing: August 6th, 2025 (possibly sooner depending on seller) EM: $5,000   
Rental Comps: 3401 N Wittfield St Listed at $1,525. 4b/2ba, 1,924 sqft  
3842 Richelieu Rd Listed at $1,525. 4b/2ba, 2,300 sqft  
Comps: 
8035 E 34th St $245k, 5bd/3ba, 2,028 sqft  
3435 Argus Ave $225k, 5b/2ba, 2,124 sqft  
3520 N Eaton Ave $110k 4/2, 2000sf  (Sold to a flipper, and will probably get an ARV of around $230k.)
Contract for assignment: $115,000 or best offer

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