328 N Grant Ave, Indianapolis, IN 46201

2 beds, 2 baths, 1,102 sqft
Off Market
Zestimate®: $56,794
Rent Zestimate®: $733/mo
 
 
 
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My Notes
Edit
1/2 mile radius comps, & within 1 yr. shows no Solds, only Active, Expired & Pending's. Based on that info of non-distressed properties I would give a conservative estimate of ARV in the mid $30's and that would hold true to the Net Assessed Tax Value at $38,100. However, the best approach to evaluate this would be on rental income and that would depend on how you might rehab this to keep as 2 bed or to convert back to a 3rd or 4th bedroom. Electric stove, fridge, & washer stay. No recent MLS history. Repairs/conditionApprox. 6 yr. old 2nd layer roof in good shape. Less than 2 yr. old Train 92% efficiency HVAC and 2yr old gas H2O heater. Newer kitchen, with good condition on both full baths. Basement has some small moisture spots that is believed to improper gutter run off. Other mechanical in very good shape. Bump out mud room needed to be finished, add gutters and trim and properly sided. Nice detached large workshop with separate electrical service. Only needed repairs are minor to replace steps on back entry, some handrails, and add back in the 3rd and possibly 4th bedroom in attic, and at some point replacement windows. Depending on bedroom strategy $4~$7.5k (Rehab detail estimates available on request)Rents/Cash FlowsSeveral Rent Sources show average rents at $600 for 2/bedrm, $700~$725 for 3 bedrm & 4 bedrm at over $750. Using a 3 bedroom at $725 would yield over $400 in cash flow (15 yr. 5.5% fixed, includes Rehab). Additional income may apply for detached shop rents. Use sources like TaxAppeal-Now.com to reduce taxes to increase Cash Flow. Additional Due Diligent reports like Crime rates, Sex offenders report, Comps and Rent rate research & rehab Summary available for fee. Please inquire.  MoreLess
 
Facts
  • Lot: 5,227 sqft
  • Single Family
  • Built in 1915
  • Cooling: Central
  • Heating: Forced air
Features
  • Attic
  • Ceiling Fan
  • Fenced Yard
  • Lawn
  • Parking: Garage - Detached, 216 sqft
Appliances Included
  • Garbage disposal
  • Range / Oven
  • Refrigerator
  • Washer
Room Types
  • Dining room
  • Family room
  • Laundry room
  • Mud room
  • Recreation room
  • Workshop
Construction
  • Roof type: Asphalt
  • Room count: 8
  • # Stories: 3.0
  • Unit count: 1
Other
  • Floor size: 1,102 sqft
  • Last remodel year: 1963
  • Laundry: In Unit
  • Lot depth: 135
  • Lot width: 40
  • Parcel #: 491004119216000101
  • Zillow Home ID: 1078400
Home Values
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$56,794
+$14,603 Last 30 daysd
$47K
$65K
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A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$733/mo
+$9 Last 30 daysd
$608
$902
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Zillow predicts Indianapolis Metro home values will increase 2.4% next year.

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