Investor Special - Exceptional Value-Add Opportunity. Rarely does a canvas this expansive hit the market at this price point. Situated on a sprawling 2-acre lot in Indianapolis, 304 W Hanna Ave is the kind of acquisition that separates seasoned investors from the rest - a full-renovation opportunity with multiple income… Read More streams already baked into the bones of the property. The main residence offers 3 bedrooms and 1 full bathroom, with a full unfinished basement, providing the square footage and layout flexibility to reposition as a premium rental, a high-margin flip, or a long-term hold. The converted garage has already been transformed into a self-contained apartment living area, setting the stage for immediate rental income potential once renovations are complete - a built-in ADU play that most properties simply can't offer. Beyond the main structures, three separate storage buildings round out this remarkable footprint, offering additional storage rental income, workshop space, or conversion opportunities - each one an asset waiting to be unlocked. Location is where this deal truly shines. Positioned with quick access to I-465 and I-65. Minutes from Garfield Park, the University of Indianapolis, Southside dining, and established retail corridors, tenant demand in this pocket remains strong and consistent. Whether you're a buy-and-hold investor targeting cash flow, a contractor looking for your next high-upside project, or a developer eyeing the land play, the numbers and the story both work here. Properties with this combination of acreage, income versatility, and location access simply don't stay available. Bring your vision. The opportunity is ready. Read Less
Courtesy of Ever Real Estate, LLC, 317-750-6490.
Listing Snapshot
Days Online
8
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
3
Square Ft.
2,288
Lot Size
2 Acres
Year Built
1910
MLS Number
22102821
30 Days Snapshot Of 46217
$272k
-2%
(avg) sold price
36
-20%
homes sold
77
+2%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Description: "Dryer", "Gas Water Heater", "Gas Oven", "Range Hood", "Washer"
Basement
Description: "Unfinished"
Building
Area: 1616, Architecture: "Traditional", Building Area: 2288, Construction Materials: "Vinyl Siding", Levels: "Two", Year Built: 1910
The data relating to real estate for sale on this website comes courtesy of MIBOR REALTOR® Association as distributed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.”
Based on information submitted to the MLS GRID as of ,
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