3481 Hillside Ave, Indianapolis, IN 46218 — $95,000
- Beds/Baths/Sqft: 2 bd / 1 ba / 1,980 sqft
- Price per SqFt: $48
- Lot size: 6,534 sqft
- Year Built / Type: 1949 / Single Family Residential
- Summary: This spacious 2-bedroom home offers significant potential for renovation, especially with a large basement that could be converted into additional living space.
- Renovation rationale:
- Low entry price of $95,000 and an attractive price per square foot at $48.
- The older build year (1949) indicates potential for value-add through modern updates.
- The large lot size of 6,534 sqft provides outdoor space for enhancements.
- Why these metrics matter for renovation:
- The low price per square foot allows for a more extensive renovation budget while maintaining good margins for resale or rental income.
- The potential to convert the basement into a third bedroom increases overall living space and marketability.
- Recommended renovation ideas: Update the kitchen and bathroom, finish the basement for additional living space, and enhance curb appeal with landscaping.
- View on Redfin
4201 Bowman Ave, Indianapolis, IN 46227 — $140,000
- Beds/Baths/Sqft: 2 bd / 1 ba / 612 sqft
- Price per SqFt: $229
- Lot size: 8,102 sqft
- Year Built / Type: 1921 / Single Family Residential
- Summary: This cozy home is perfect for those looking to invest in a property with potential for expansion and upgrades.
- Renovation rationale:
- Low entry price at $140,000 makes it accessible for first-time investors.
- The older construction year (1921) suggests opportunities for modern updates.
- Ample lot size of 8,102 sqft allows for potential expansions or outdoor improvements.
- Why these metrics matter for renovation:
- The price per square foot is higher but offset by the lot size, allowing for potential additions or outdoor enhancements.
- The single bathroom presents an opportunity to add additional bathrooms, increasing value.
- Recommended renovation ideas: Add a second bathroom, modernize the kitchen, and enhance the outdoor space.
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4628 Dean St, Lawrence, IN 46226 — $145,000
- Beds/Baths/Sqft: 2 bd / 1 ba / 852 sqft
- Price per SqFt: $170
- Lot size: 9,932 sqft
- Year Built / Type: 1955 / Single Family Residential
- Summary: This updated ranch home is move-in ready and offers room for future enhancements, especially in the spacious backyard.
- Renovation rationale:
- Reasonable entry price of $145,000 with a price per square foot of $170.
- Built in 1955, indicating potential for value-add renovations.
- A large lot size of 9,932 sqft provides ample space for outdoor improvements or expansions.
- Why these metrics matter for renovation:
- The price per square foot allows for a modest renovation budget while maintaining value for rental or resale.
- The single bathroom presents a straightforward opportunity to add more bathrooms, enhancing the property’s appeal.
- Recommended renovation ideas: Consider adding a second bathroom, updating kitchen appliances, and landscaping the spacious yard.
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3132 Wallace Ave, Indianapolis, IN 46237 — $122,000
- Beds/Baths/Sqft: 3 bd / 1 ba / 1,200 sqft
- Price per SqFt: $102
- Lot size: 6,229 sqft
- Year Built / Type: 1955 / Single Family Residential
- Summary: This charming home with three spacious bedrooms offers a welcoming retreat and significant renovation opportunities.
- Renovation rationale:
- Low entry price of $122,000 with a competitive price per square foot at $102.
- The home’s age (1955) suggests potential for modern updates and improvements.
- The lot size of 6,229 sqft allows for outdoor enhancements or expansions.
- Why these metrics matter for renovation:
- The low price per square foot enhances the feasibility of renovations, allowing for a larger budget for upgrades.
- The three-bedroom layout offers flexibility for additional bathrooms or living spaces, increasing potential value.
- Recommended renovation ideas: Update the kitchen and bathroom, add a second bath, and improve the backyard space.
- View on Redfin
5931 Rawles Ave, Indianapolis, IN 46219 — $170,000
- Beds/Baths/Sqft: 3 bd / 1 ba / 954 sqft
- Price per SqFt: $178
- Lot size: 10,803 sqft
- Year Built / Type: 1916 / Single Family Residential
- Summary: This charming home features a practical layout and is ready for updates to maximize its potential.
- Renovation rationale:
- Priced at $170,000 with a price per square foot of $178, making it a reasonable investment.
- The property’s older build year (1916) provides opportunities for significant renovations.
- A large lot size of 10,803 sqft allows for outdoor improvements or expansions.
- Why these metrics matter for renovation:
- The price per square foot supports a renovation budget that can enhance value significantly.
- The three-bedroom layout allows for easy conversion or additions, increasing marketability.
- Recommended renovation ideas: Update the kitchen and bathroom, consider expanding the living space, and enhance landscaping.
- View on Redfin
