WE ARE STILL PURCHASING HOUSES AT THIS TIME.

1639 W 63rd St, Indianapolis, IN

Off market motivated seller, The seller had already moved out and had another house, a friend of a friend was selling and sold to us for a good price to rehab and resale.

After Value Repair $270,000 – 290,000

Purchase Price $143,000

Rehab $55,000

Sold Price $267,999

Resell Profit $90,480

MLS Link

https://www.redfin.com/IN/Indianapolis/1639-W-63rd-St-46260/home/822476701639 W 63rd St, Indianapolis, IN 46260 | MLS# 21871038 | Redfin

Checklist

  • • Walkthrough
  • Create a property folder inside the projects folder
  • Lender / Purchase Loan complete
  • Lender / Rehab Loan complete
  • Pics / Before pictures uploaded inside folder
  • Walkthrough with the contractor/’s
  • Contractors Bid / Estimate uploaded inside folder
  • Contractor’s Bids uploaded inside property folder
  • Lenders / Folder created inside property folder GDrive
  • Lenders / Completed paperwork uploaded in folder
  • Lenders / Verify funding has hit the account
  • Create a new rehab plan and share with contractor/ ‘s and upload in folder
  • Start Rehab process
  • Finish Rehab
  • Get pictures uploaded
  • List the property
  • Close the sale

Scope of Work Details

  • Dumpster & Hauling $1,500
  • Demo Bathroom , Kitchen, Back Porch & Walls $2,500
  • Build Beams For Open Floor Plan Dry Wall & Finish $5,000
  • Replace All Windows $3500.00
  • Replace Garage Door $1,600
  • Replace 3 exterior Doors $1,200.00
  • Replace Rear Siding Glass $1,200
  • Replace all bathrooms using tile for tub $2,000
  • Surround and floors 2 new toilets and vanities for new baths $8,000.00
  • New kitchen cabinets, sink, and faucet $5,000
  • Granite Countertops & Backsplash $3,700
  • New Flooring carpet in bedrooms & LVP in all other rooms $4,000.00
  • Paint exterior siding $1,500.00
  • Paint Interior walls, doors, ceilings, and trim $2,500
  • Roof replacement $6,200

Extras Change Orders:

  • New decking of Roof $3,300
  • New Electrical opening of walls $800.00
  • Inspection Items, Debris, Siding Issues, and fixing limestone $2000
  • Mold remediation $550.00
  • Total Cost= $6,650.00 /2= $3,325.00
  • $4,500.00 Appliance Package ( Came out of rehab )

Total Price $55,000.00

Before Pictures

After Pictures