Property Attributes
- MLS#22127180
- TypeSingle Family
- Listing Status Active
- CountyMARION
- CityIndianapolis
- AreaPerry
- NeighborhoodSouthgate Farms
- Zip46227
- StyleRanch
- Year Built1959
- Taxes$ 7832
- Price$ 150,000
- Bedrooms3
- Full Bathrooms1
- Half Bathrooms1
- Sqr Footage2127
- Lot Size0.45 Acres
Data Source:
MIBOR Broker Listing Cooperative
Property Description
Investor Opportunity Alert: Value-Add 3-Bed Fixer on a Prime Corner Lot with Serious Upside Potential! Unlock the next big win in your portfolio with this solid 3-bedroom, 1-bath residence in Perry Township offering 1,560 sq ft of living space plus a 567 sq ft basement-strategically positioned on a desirable corner lot and ready for the right investor to transform into a cash-flow machine or profitable flip. This property sits on a practical footprint with a 2-car garage and convenient blacktop driveway, giving it strong bones, excellent visibility, and functional outdoor access that buyers and tenants will appreciate once the cosmetic and update work is complete. The current condition means you control the renovation scope and budget-perfect for maximizing ROI through modern finishes, possible bathroom/kitchen upgrades, or even exploring basement finishing potential to boost square footage and rental appeal. Don't miss this chance to turn potential into profit. Opportunities like this move fast when the numbers make sense!
| Price History | |
|---|---|
| 9/22/2026 | Listed $150,000 |
General Features
| Heating | None |
|---|---|
| Cooling | None |
| Possession | Closing |
| Appliances | None |
| Garage Spaces | 2 |
| Architectural Style | Ranch |
| Construction Materials | Brick |
| Year Built | 1959 |
| Township | Perry |
| Levels | One |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| County | Marion |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | Southgate Farms |
| Facing Direction | West |
| Garage Y/N | Yes |
| Total Rooms | 7 |
| Full Baths | 1 |
| Status | Active |
| Directions | GPS Friendly |
| City | Indianapolis |
| High School District | Perry Township Schools |
| MLS Area | 4907 - Marion - Perry |
| Lot Size Square Feet | 19602 |
| Property Attached Y/N | No |
| Current Financing | Cash Only |
| Property Condition | Fixer |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Tax Lot | 81 |
| Legal Description | Southgate Farms Add 2nd Sec Lot 81 |
Interior Features
| Basement | Storage Space,Unfinished |
|---|---|
| Total Fireplaces | 1 |
| Fireplace Features | Wood Burning |
| Basement (Y/N) | Yes |
| Half Baths | 1 |
| Total Bedrooms | 3 |
| Main Level Bedrooms | 3 |
| LivingAreaSource | Assessor |
| Total Baths | 2 |
Exterior Features
| Parking Features | Attached |
|---|---|
| Lot Features | Access,Corner Lot,Mature Trees,Trees-Small (Under 20 Ft) |
| Water Source | Public |
| Foundation Details | Block |
| Building Area Total | 2127 |
| Lot Size Acres | 0.45 |
| Waterfront Y/N | No |
| Horse Amenities | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 46227
In The Neighborhood
Indianapolis
$ 270,000
- Type
- Single Family
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Last Updated: September 21, 2026 10:27 PM UTC