243 Iowa St, Indianapolis

Investor special in Bates Hendricks! Welcome to 243 Iowa St, a prime opportunity to finish what's been started and reap the rewards. This 3-bedroom, 2-bath, two-story home offers nearly 2,000 sq ft of finished living space and sits on a spacious, flat .10-acre lot with a brand-new 1-car detached garage. Much of the heavy lifting has already been done-demo, design, framing, drywall, rough plumbing and electrical, new windows, and flooring are in place. Now it's ready for your finishing touches. Designed with an investor in mind, this home features a desirable layout with a main-level primary suite, complete with an en-suite bath and sliding glass doors that open to the backyard. Upstairs, you'll find two additional bedrooms, a full bath, and a versatile loft space. Located in the heart of Bates Hendricks-one of Indy's hottest revitalized neighborhoods-this property is surrounded by stunning new builds and high-end renovations. Homes on this very street are being transformed, and the ARV potential here is strong, with comps suggesting values of $350K+ when finished. Just minutes to downtown, this location is ideal for short, mid, or long-term rental strategies-or rehab and flip it for a great return. Property is sold as-is and will require cash or hard money financing. Don't miss your chance to be part of the continued transformation of one of Indianapolis' most dynamic neighborhoods. NOTE - THE TWO VACANT LOTS NEXT DOOR ARE NOT INCLUDED IN THE SALE!! Cash or Hard Money financing only.