4125 NE 150th Avenue, Elkhart, IA 50073

$214,900

Affordable homeownership with upside potential at 4125 NE 150th Avenue in Elkhart. Situated on a spacious 0.48-acre lot, this 3-bedroom, 1-bath ranch offers a rare opportunity that works equally well for first-time buyers, investors, or flippers looking for value and flexibility. At this price point, the home does need cosmetic and finishing updates, making it a great entry-level option for buyers who want to build equity over time or personalize a home to their taste. Importantly, the major systems have already been invested in, allowing buyers to focus on improvements that add value rather than tackling big-ticket expenses. Updates include a 95 percent efficient furnace and SEER 13 A/C (2022), new water heater (2023), and a newer septic system (2013). The kitchen and bathroom were previously updated, windows and doors have been replaced, and all appliances are included, helping keep initial costs manageable. For investors or flippers, this property presents a straightforward value-add opportunity with solid bones and reduced mechanical risk. For owner-occupants, it offers an affordable path to ownership with room to improve and grow into the property over time. The nearly half-acre lot adds another layer of opportunity. The property would also make an excellent building site with walkout basement potential, appealing to builders or buyers considering future redevelopment, expansion, or a long-term hold strategy.

Legal: N 190F W 190F LOT 3 OP NW 1/4 LESS RD SEC 16-81-23