Veterans United Realty
20 Photos

208 N Tacoma Avenue, Indianapolis, IN 46201

$125,000 Asking Price

3 beds
3 baths
2,372  sqft
Built in 1977

INVESTOR SPECIAL - FLIP OPPORTUNITY IN RAPIDLY DEVELOPING AREA! SHORT SALE!! This is your chance to complete a nearly 2,400 sq. ft., 3-bedroom, 2-bathroom home located just minutes from downtown Indianapolis in a neighborhood poised for explosive growth. The property is surrounded by new construction and beautifully renovated homes, making it an ideal investment for those looking to capitalize on the area's upward trajectory. Purchased in 2023 for $133K, this distressed property has already had $40-50K of work completed, including a brand-new roof, siding, framing, drywall, and rough-ins for electrical and plumbing. The heavy lifting is done, and now it's ready for your finishing touches. A detailed scope of work and architectural plans are available to guide the final stages of the project, allowing you to complete the project quickly and maximize your returns. Bid to get work done is $45,000. The large concrete pad that has been constructed after purchase of the home for $133K in the back offers even more value-add potential with space for a garage or accessory dwelling unit (ADU). Whether you plan to flip, rent, or tap into the booming short-term rental market, this property is a versatile investment opportunity. This is a short sale subject to lender approval, and the seller expects a quick response from the lender. Offers must be at $125K or higher to be considered. Don't miss out on this opportunity to invest in a high-demand area and turn this property into a lucrative asset. Schedule your showing today and take the first step toward making this promising project your next success story!

Listing Status:
Active
Date Added:
September 18, 2024 — 118 days ago
Listing Office:
Keller Williams Indpls Metro N, Peter Stewart (317-450-9202)
Office Phone:
peter@peterstewartrealty.com
MLS ID:
22002455

Features & Amenities

Interior

General:
Windows Vinyl
Appliances:
None
Basement:
Unfinished
A/C:
None
Heating:
No Heating
Fireplace:
Fireplaces: 0

Exterior

Style:
TraditonalAmerican
Other Structures:
Covered Porch, Covered Patio

Construction

General:
One and One Half, Concrete Perimeter, Block, Brick

Location

Originating MLS:
mibor
School District:
Indianapolis Public Schools
County:
Marion

Lot

Zoning:
Ogle Etal E Park Add L179, 491005209072000101

Utilities

Water:
Municipal/City

Financial

Source:
mibor

This listing courtesy of:
Keller Williams Indpls Metro N, Peter Stewart

About Indianapolis, IN

Housing

Number of Units
439,918
Median Home Value
$169,609
Median Rent
$790

47.41% of housing units are renter occupied.

8.91% are vacant.

Commute

Car
76.18%
Public Transportation
1.34%
Walk to Work
1.81%
Work from Home
19.69%
Other
0.60%

The median travel time to work is 21 minutes.

People

Population
976,092
Median Age
35.40
Median Household Size
2.45

Education

High School
27.86%
Associate’s Degree
8.16%
Bachelor’s Degree
21.08%
Graduate Degree
11.46%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

Veterans United Homefront

IDX Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.

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Copyright © 2025 Veterans United Realty and Did You Serve, LLC. Homefront.com is NOT affiliated with any government agencies, including the VA. Homefront.com is a service of Did You Serve, LLC. Veterans United and the Veterans United House logo are registered trademarks of Mortgage Research Center, LLC, used under license agreement. Terms of Use.

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