Frankfort, IN 46041

Great location here in Frankfort. Offering this cute house on a large corner property surrounded by really well-kept and fully remodeled homes, creating strong confidence for investors looking for a flip, rental, or future development opportunity. Catty-corner across the street, a large multi-million dollar development featuring luxury duplexes, condos, and apartments has already been approved, adding even more long-term upside to this area. Already, this block offers a clean, well-kept street with proud ownership from the neighbors, making this an ideal property to transform and add value to. The home already features vinyl siding and mostly vinyl windows, helping reduce exterior rehab costs once the main structural items are completed. The roof will require several rafters to be leveled and a new roof. The main component of this rehab will be foundation work, as two short walls and one long wall need repair. The seller already has a quote from a contracting company of approximately $15K–$20K, depending on the final scope. Once those major items are completed, this becomes a mostly cosmetic interior rehab with a layout that already flows well and offers strong potential. The large backyard offers significant upside for investors seeking additional strategies. Being a corner property, there is potential to explore a future new build, garage addition, or even expanding the current structure, depending on your goals. New builds sell very well in Frankfort, and this lot offers the flexibility hard to find at this price point. The property is currently occupied and fully functional as is and will be delivered vacant at closing. It already has a newer water heater, plumbing works great with no known issues, and the electrical panel has been updated with new breakers and passed city inspection. The furnace is older but operational, and ductwork is already in place if someone chooses to upgrade the HVAC system in the future