Flip report generated Mar 4, 2025
The Flip Potential of
1601 Spann Ave Indianapolis, IN
is medium.
Current Specs
3 Bed / 2 Bath
2,287 sqft
$92 per sqft
Estimated Value$210,000
Flip Advice
This property in Fountain Square presents a compelling investment opportunity. Taken down to the studs with hung drywall, it's primed for completion. The 2023 updates, including a new roof and some replaced windows, provide a solid foundation. With 10-foot ceilings and potential for multi-unit conversion, it offers versatility in a desirable location near downtown amenities.
Consider pursuing this property for a fix-and-flip or a remodel to live in. The Fountain Square location and property's potential make it attractive. However, carefully evaluate renovation costs against the median listing price of $299,450 in the neighborhood. Focus on high-impact improvements to maximize ROI, keeping in mind the area's growing demand and limited inventory.
The accuracy of the Frontflip report and its applicability to your circumstances are not guaranteed. This calculator is offered for educational purposes only, and is not a substitute for professional advice. All figures provided by the Frontflip calculator are estimates only and are not reflective of what your actual results may be.