Conveniently located near downtown, this duplex presents an incredible opportunity for investors, flippers, or owner-occupants looking to build equity and customize a property from the ground up. The owner has already taken the property all the way down to the studs, giving you a clean slate to design and finish… Read More exactly how you envision. With the major demolition already completed, you can move directly into rebuilding and installing all new electrical, plumbing, HVAC, windows, finishes, and other updates to create a modern income-producing property. Basement walls are solid, and the property offers strong upside potential for the right buyer. Plans and blueprints are available to help guide the design and layout, while still allowing flexibility to customize the duplex to your liking. Estimated rental income after completion is approximately $1,300–$1,500 per side, with an estimated after-repair value around $240,000–$250,000. The owner is a licensed contractor and may be willing to discuss completing the renovation for the buyer. FHA 203(k) financing could be a fantastic option — live in one unit while renting the other to help offset your mortgage payment. The possibilities are endless. Don’t miss this opportunity to create value and build wealth with a duplex in a convenient downtown location. Read Less
Courtesy of Jerry Starks, JM Realty Associates, Inc., Cell: 260-479-8161
Listing Snapshot
Days Online
1
Property Type
Duplex
Square Ft.
2,130
Lot Size
0.05 Acres
Year Built
1915
MLS Number
202617879
30 Days Snapshot Of 46803
$101k
-25%
(avg) sold price
6
-14%
homes sold
14
-57%
(avg) days on market
Snapshot
Area Map
Additional Details
Amenities
Basement, Porch Open
Basement
Yes, Crawl
Building
Above Grade Finished SqFt: 1,440, Age: 111, Below Grade Unfin. SqFt: 690, New Construction: No, Stories: 2, Style: Two Story, Total Below Grade SqFt: 690, Total Finished SqFt: 1,440, Total SqFt: 2,130, Year Built: 1915
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