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About This Home

This 4-bedroom, 4-bathroom single family at 1126 Union Street in Indianapolis, IN is listed for $209,900 ($105 per sqft). Built in 1920, the home offers 2,000 sqft of living space on a 0.17 acres lot.

Agent Description

1126 Union St presents an excellent investment opportunity in the rapidly revitalizing Old Southside neighborhood. Just moments from Lucas Oil Stadium and downtown Indy, this 4 bed, 3.5 bath home (2,000 sq ft + 414 sq ft unfinished daylight basement) offers strong potential as a fix & flip, long-term hold, BRRRR strategy, or high-performing STR (projected $70k+ annual revenue).

The home was taken to the studs and rebuilt a few years ago, but it was recently vandalized and now needs a full cosmetic renovation. Repairs needed include paint, flooring, kitchen, baths, fixtures, WH/HVAC, and exterior cleanup. The roof and composition cement siding appear to have been replaced within the past few years, so most of the heavy lifting is interior.

ARV estimated at $350k+. The floorplan is ideal for renters or guests, featuring raised ceilings, open living/dining/kitchen layout, a main-level bedroom and full bath, plus a laundry room with adjacent half bath. Upstairs offers a primary suite with walk-in closet and full bath, along with two additional bedrooms and a shared full bath.

Large covered front porch, deep lot that runs street-to-street, with gravel parking in the front and rear. No neighbors directly to the north, and revitalization is happening all around. Cash or hard money only. Sold as-is. A prime project in one of Indy's fastest developing urban districts-bring your vision and unlock big upside!

Key Features

  • Built in 1920
  • 0.17 acre lot

Property Details

3 full, 1 half
1920

Amenities

Basement

Monthly Cost Estimate

$1,123/mo

20% down · 6.5% · 30 years

Principal$152
Interest$910
Insurance$61

Estimates only. Actual payments may vary.

Location

1126 Union Street

Indianapolis, IN 46225

Mc Cartys Subdivision

Features & Amenities

Interior Features

Attic AccessWalk-in Closet(s)

Exterior Features

Fencing

Property Details

Construction

BrickCement Siding

Heating

Forced AirNatural Gas

Questions & Answers

This 4-bedroom, 4-bathroom single family at 1126 Union Street is listed at $209,900 ($105/sqft). The estimated monthly payment is $910 based on 20% down at 6.5% interest.

Key features include: Built in 1920, 0.17 acre lot. Interior Features: Attic Access, Walk-in Closet(s). Exterior Features: Fencing.

This property is listed by Peter Stewart and can be reached at 3178466300 or peter@peterstewartrealty.com.

PS

Peter Stewart

Agent at Keller Williams Indpls Metro N

(317) 846-6300

Listed by Keller Williams Indpls Metro N · View on Broker Site

MLS# 22072537· Source: listhub· Updated 151 days ago

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1126 Union Street, Indianapolis, IN 46225

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