Investor Special on W. Grace - Fix & Flip or Rental Gem

Welcome to a high-potential property in a convenient South Bend location-ideal for the savvy handyman, investor, or fix-and-flip buyer looking for a value-add project with room for profit. This 3-bedroom, 1-bath home offers a solid layout, a partially finished basement ready for additional living or storage space, and a detached garage for parking, workshop space, or extra storage. With low carrying costs (no HOA, low taxes and insurance) and a straightforward scope of work, this property is positioned to deliver an excellent cash-on-cash return after rehab. Why This Property Works:- Smart Floor Plan: Main level features traditional living and dining areas with good natural light and flow. The second-floor third bedroom expands living flexibility-perfect for an office, guest room, or primary suite conversion. Equity Play: The price reflects the need for updates-finish what's started in the basement, modernize the kitchen and bath, refresh flooring/paint, and you've got a strong resale or durable rental. Cost-Efficient Hold: No HOA and historically low taxes/insurance help keep monthly expenses in check-ideal for BRRRR or long-term rental strategies. Detached Garage: Valuable in this submarket-adds utility and marketability for both resales and tenants. Basement Potential: The partially finished basement can be taken across the finish line to add usable square footage for a family room, home gym, play area, or workshop. Investment Highlights;- Value Add: Cosmetic and mechanical improvements should unlock meaningful appreciation. Rental Demand: 3-bedroom homes with garage space are consistently appealing to tenants.Exit Options: Fix & flip, fix & hold, or live-in renovation-multiple strategies make this a flexible acquisition. Marketability: Three bedrooms + garage + basement are the key boxes buyers and renters look for. Features at a Glance:- 3 bedrooms (including a second-floor bedroom) 1 full bathroom Partially finished basement Detached garage Traditional layout with defined living/dining Solid exterior profile ready for curb-appeal refresh Low taxes & insurance No HOA What It Needs (and Why That's Great) This home offers the perfect balance: it needs work, but the heavy lifting appears to be more in the realm of updates and finishing rather than complex reconfiguration. Think: Kitchen/bath modernization Flooring, paint, fixtures, and trim Finalize basement finishes where started Exterior touch-ups/landscaping for curb appeal Routine mechanical/electrical/plumbing tune-ups as needed These are precisely the kinds of improvements that drive value quickly and are familiar to experienced investors and handy buyers. Location Notes Situated in an established South Bend neighborhood with convenient access to local amenities, employment centers, schools, and commuter routes. The combination of neighborhood demand and a three-bedroom footprint supports a healthy ARV path post-renovation. Perfect For Handy owner-occupants ready to build instant equity Investors executing a flip or BRRRR Contractors seeking a straightforward project with strong end-user appeal Offered with real estate commission-agents welcome. Showing Info: Property is available to view by appointment. Please bring your contractor to the first visit if planning a renovation budget. As-Is Sale: Home is being sold as-is. Seller will not make repairs. Buyer to verify all measurements, schools, permits, and any intended use. If you're looking for a profitable project with clear upside-and a property that checks the boxes buyers and renters actually want-2426 W Grace St is the opportunity. Reach out to schedule your showing and to request investor comps, rental projections, or a sample rehab scope. Estimated ARV (After Repair Value) Based on recent valuation data and neighborhood comps, the projected ARV is approximately $90,000-$110,000 but well finished homes can fetch up to $100 per sq ft making this as much as $170k