Discover a 1930s Foursquare fixer-upper in Carlisle, Indiana, offering strong renovation potential and key investment benefits.
Classic Features with Renovation Opportunity
The property at 102 W Hackett St is a four-bedroom, two-bath home showcasing original woodwork and hardwood floors that retain its historic charm. A new roof installed last year adds structural reliability. Priced at $115,000 AS IS, this home is ideal for investors or homeowners willing to renovate and increase value.
Spacious Layout with Added Amenities
This Indiana Foursquare features a wrap-around porch and an attached two-car garage, perfect for a growing family or future resale appeal. The large family room provides ample living space, while the private balcony off the main bedroom enhances the home’s character and potential for lifestyle upgrades.
Carlisle’s Affordable Living Environment
Carlisle offers a low cost of living, approximately 25.7% below the U.S. average. Housing affordability is a strong draw, with median home values around $59,500, well below national levels. Property taxes here are notably low, averaging about $157 annually, which can attract both owner-occupants and investors seeking manageable holding costs.
Community and Education Advantages
The town prioritizes family-friendly neighborhoods supported by good public schools, enhancing the appeal for buyers focused on education access. These factors add residential value and stability, essential when evaluating real estate investments in smaller markets.
Considerations on Economic and Social Factors
Investors should weigh Carlisle’s limited amenities and employment opportunities, which may challenge tenant attraction and retention. A high crime rate and slower internet connectivity also add layers of risk, potentially discouraging certain demographics.
Population Trends and Market Outlook
The area faces a population decline that could reduce long-term demand for housing and slow appreciation rates. Understanding these dynamics is critical for assessing the property's future liquidity and value growth potential.
Balancing Renovation Potential with Market Realities
This property offers significant value-add possibilities, especially with its distinctive architectural features and affordable entry price. However, potential buyers must carefully factor in the local economic and social environment to make a well-informed investment decision.
In sum, 102 W Hackett St in Carlisle presents a classic Indiana home with considerable upside for renovation-minded investors. Its combination of historic appeal, affordability, and local market challenges defines a nuanced opportunity in a modest-sized community.