127 W 32nd St, Indianapolis, IN 46208

# A Great Investment Opportunity in Indianapolis, IN ## Property Details A classic multi-family duplex featuring 5 bedrooms, 2 bathrooms, and 1,824 sqft of living space on a 5,271 sqft lot with off-street parking (no garage). Built in 1900, this two-story Colonial/Traditional style property is configured as a 3 bed/1 bath upper unit and a 2 bed/1 bath lower unit in the desirable Crown Hill neighborhood. * **Roof:** Old * **Furnace:** Fair * **AC:** N/A (window AC units recommended) * **Plumbing:** Fair * **Electrical Panel:** Fair * **Water Heater:** Fair The property will be delivered vacant at closing. ## Investment Highlights * **Strong rental income potential:** Total gross monthly rent of $2,400 makes this an attractive income-producing asset * **Hot market with fast-moving properties:** Single-digit days on market are very common in this area, with an average of 10 interested buyers per blasted deal * **Solid comparable sales:** As-is comps sold for $200K, with fully renovated duplexes reaching $255K in the area * **Prime location near Crown Hill and downtown:** Close to buses, schools, highways, stores, and restaurants - perfect for rental demand * **Corner lot advantage:** Enhanced visibility and curb appeal * **Conservative scope of work:** Focus on structural items (roof and basement) plus light cosmetic updates keeps renovation costs reasonable at $45K * **Proven buyer interest:** This zip code has generated 69 interested buyers across 8 blasted deals, with an average profit of $23,000 per closed deal ## Financial Summary * **ARV (After Repair Value):** $240,000 - $250,000 **A Wonderful Wholesale Opportunity!**