Wade St

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OFF-MARKET – ASSIGNABLE CONTRACT

Turnkey buy-and-hold or light value-add opportunity in a proven rental pocket of Indianapolis. Solid bones, security upgrades already installed, and clear upside by adding a 3rd bedroom — this is a Midwest cashflow classic.

PROPERTY DETAILS:

Property Type: Single-Family
Home Size: 950 SqFt | Lot: 5,009 SqFt
Beds/Baths: 2 Beds / 1 Bath (3rd bedroom possible)
Year Built: 1934
PROPERTY HIGHLIGHTS:
Estimated Rent: $1,300/month
Minimal rehab – under $15K
All-electric appliances
Detached 2-car garage
Brand-new camera security system installed
Central AC
Strong rental demand pocket

REPAIRS NEEDED: Light cosmetic updates only. Optional layout change to add a 3rd bedroom and push ARV.

COMPS:
1536 Wade St – 912 SqFt | 3 Bed / 1 Bath → $163,000 (9/17)
2563 Harlan St – 910 SqFt | 3 Bed / 1 Bath → $178,500 (9/12)
2441 S State AveIndianapolis, IN 46203, 2/1, 800 sqft, sold for $130k in Nov, 2025 (AS-IS comp)
1619 E Bradbury AveIndianapolis, IN 46203, 2/1, 784 sqft, sold for $140k in Sep, 2025 (cleaned up AS IS comp).

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