TOTAL ARV FOR ALL: $1,121,000
PURCHASE PRICE: $429,995
TOTAL ASSESSED VALUE: $585,000
CURRENT RENTAL INCOME: $7,150
FULL OCCUPANCY RENT: $13,480
1106 Maple St, Connersville, IN
1042 Beech St, Connersville, IN
1020 Beech St, Connersville, IN
1017 Beech St, Connersville, IN
1011 Beech St, Connersville, IN
1013 Beech St, Connersville, IN
1006 Beech St, Connersville, IN
1003 Oak St, Connersville, IN
1007 Oak St, Connersville, IN
617 Sherman Dr, Connersville, IN
824 W 10th St, Connersville, IN
1678 E County Rd 150 N, Connersville, IN
1594 E County Rd 150 N, Connersville, IN
Price: $619,000
Price: $479,000
ALL PROPERTIES LOCATED IN CONNERSVILLE, IN
1106 Maple St
1042 Beech St
1020 Beech St
1017 Beech St
1011 Beech St
1013 Beech St
1006 Beech St
1003 Oak St
1007 Oak St
617 Sherman Dr
824 W 10th St
1678 E County Rd 150 N
1594 E County Rd 150 N
Price: $619,000
Price: $479,000
$429,995
13 Home Package Deal in Connersville, IN. Being Sold "As-Is". Priced to Sell!!!
TOTAL ARV FOR ALL: $1,121,000
PURCHASE PRICE: $429,995
TOTAL ASSESSED VALUE: $585,000
CURRENT RENTAL INCOME: $7,150
FULL OCCUPANCY RENT: $13,480
1106 Maple St
Bedrooms: 3
Bathrooms: 1
Basement: None
Square Feet: 1,140
Garage: Oversized 2 Car
Lot Size: 0.29 Acre
Year Built: 1954
Occupancy: Tenant
Current Net Rent: $1,200/mo
Assessed Value: $52,500
ARV: $90,000
Watch the following property video!
Watch the following property video!
This property, built in 1954, is a 1,140 sq. ft. single-family residence located on a 0.29-acre lot. It comprises 3 bedrooms, 1 bathroom, and features a newer roof, vinyl siding, and central air system, underscoring reduced maintenance needs. An oversized 2-car detached garage adds value with additional storage or parking space. The property is currently occupied by a tenant with a rental rate of $1,200 per month, offering immediate rental income. The home’s condition and ongoing tenancy present a turnkey opportunity for investors seeking a stable income-generating asset. The owner currently pays electric, gas, water, sewage, trash, and internet for the tenant.
1042 Beech St
Bedrooms: 1
Bathrooms: 1
Basement: Full/Unfinished
Square Feet: 588
Garage: None
Lot Size: 0.19 Acre
Year Built: 1900
Occupancy: Tenant
Current Rent: $550/mo
Assessed Value: $26,700
ARV: $45,000
Watch the following property video!
Watch the following property video!
This 588 sq. ft. property, constructed in 1900, is situated on a 0.19-acre lot and features a single bedroom and bathroom. The home includes a full, unfinished basement, offering potential additional living or storage space. The residence is currently roofed with 3-dimensional asphalt, although potential buyers should note signs of deferred maintenance. A tenant currently occupies the property, paying $550 per month and is responsible for all utility expenses, presenting an immediate income opportunity for potential investors.
1020 Beech St
Bedrooms: 2
Bathrooms: 1
Basement: None
Square Feet: 1,172
Garage: 2 Car Detached
Lot Size: 0.19 Acre
Year Built: 1920
Occupancy: Tenant
Current Rent: $1,200/mo
Assessed Value: $67,600
ARV: $87,000
Watch the following property video!
Watch the following property video!
Located on a 0.19-acre lot, this stone and newer vinyl siding home, built in 1920, spans 1,172 sq. ft. and features 2 bedrooms and 1 bathroom. Notable architectural elements include a significant glass block window along one side and a bay window, enhancing natural light inside the home. Replacement windows and central air conditioning contribute to the property's overall comfort and efficiency. External features comprise a 2-car detached garage and a shed, augmenting storage and utility space. The home is currently occupied by a tenant paying $1,200 per month, indicating an existing source of income for prospective investors. The owner currently pays electric, gas, water, sewage, trash, and internet for the tenant.
1011 Beech St
Bedrooms: 3
Bathrooms: 1
Basement: None
Square Feet: 1,184
Garage: None
Lot Size: 0.15 Acre
Year Built: 1946
Occupancy: Tenant
Current Rent: $1,250/mo
Assessed Value: $47,500
ARV: $88,000
Watch the following property video!
Watch the following property video!
This all-brick ranch-style home built in 1946, occupying a 0.15 acre lot, offers 1,184 sq. ft. of living space, including 3 bedrooms and 1 bathroom. Built with durability in mind, the property features a covered front porch and a sizable deck at the back, providing additional outdoor living spaces. It is currently tenanted, with a rental income of $1,250 per month, making it a viable option for investors seeking a steady income stream. The owner currently pays electric, gas, water, sewage, trash, and internet for the tenant.
1007 Oak St
Bedrooms: 2
Bathrooms: 1
Basement: Full/Unfinished
Square Feet: 1,374
Garage: 2 Car Carport
Lot Size: 0.25 Acre
Year Built: 1920
Occupancy: Tenant
Current Rent: $1,100/mo
Assessed Value: $68,000
ARV: $91,000
Watch the following property video!
Watch the following property video!
Located on a 0.25-acre lot, this one-story, 1,374 sq. ft. home offers 2 bedrooms and 1 bathroom. Built in 1920, it features a full, unfinished basement, central air conditioning, and several replacement windows, enhancing the property’s comfort and efficiency. It is currently occupied by a tenant paying $1,100 per month. However, the owner is responsible for electric, gas, sewage, water, and internet expenses. The property's tenancy and features present an opportunity for investors looking for an income-generating asset.
1006 Beech St
Bedrooms: 3
Bathrooms: 2
Basement: Full/Unfinished
Square Feet: 1,798
Garage: 2 Car Detached
Lot Size: 0.20 Acre
Year Built: 1885
Occupancy: Tenant (moving out)
Market Rent: $1,250/mo
Assessed Value: $52,000
ARV: $119,000
Watch the following property video!
Watch the following property video!
Situated on a 0.20-acre lot, this 1,798 sq. ft. home, built in 1885, includes 3 bedrooms and 2 bathrooms. It features a 2-car detached garage, providing additional space for parking or storage. The property is equipped with vinyl siding and replacement windows for enhanced durability and insulation. A covered porch offers extra outdoor living space. Although there is a full unfinished basement, its age may limit its functionality. The house is currently tenant-occupied, but the tenant is in the process of vacating. This property can serve as an investment opportunity for buyers looking to acquire a historically rich, potentially income-generating asset.
1017 Beech St
Bedrooms: 2
Bathrooms: 1
Basement: None
Square Feet: 676
Garage: 2 Car Carport
Lot Size: 0.15 Acre
Year Built: 1950
Occupancy: Vacant
Market Rent: $715/mo
Assessed Value: $25,300
ARV: $45,000
Watch the following property video!
Watch the following property video!
This 676 sq. ft. home, located on a 0.15-acre lot, comprises 2 bedrooms and 1 bathroom. Built in 1950, the property is in need of significant repair and renovation. It comes with a 3-dimensional asphalt roof, hardwood floors, and a 2-car carport. Notably, both the bathroom and kitchen are partially gutted, requiring comprehensive rehabilitation. Additional repair work is needed on the front siding and miscellaneous areas throughout the house. Once renovated, the property has the potential to fetch a market rent of approximately $715 per month. Investors interested in a renovation project may find this property to be a suitable option.
1013 Beech St
Bedrooms: 2
Bathrooms: 1
Basement: None
Square Feet: 840
Additional Dwelling Unit: Trailer
Garage: None
Lot Size: 0.29 Acre
Year Built: 1956
Occupancy: Tenant/Vacant
Current Rent for Trailer: $350/mo
Market Rent for House: $715/mo
Assessed Value: $24,500
ARV: $68,000
Watch the following property video!
Watch the following property video!
This property is situated on a spacious 0.29-acre lot, hosting two separate dwelling units. The first unit is an occupied single-wide trailer, generating $350 per month in rental income, with the tenant responsible for all utilities. The second unit is an 840 sq. ft. ranch house, constructed in 1956, offering 2 bedrooms and 1 bathroom. Currently vacant, this house is in need of significant repairs. The presence of two units offers a unique investment opportunity for significant rental income following renovations.
1003 Oak St
Bedrooms: 2
Bathrooms: 1
Basement: Full/Unfinished
Square Feet: 1,172
Garage: 2 Car Carport
Lot Size: 0.16 Acre
Year Built: 1900
Occupancy: Vacant
Market Rent: $900/mo
Assessed Value: $25,600
ARV: $70,000
Watch the following property videos!
Watch the following property video!
Located on a 0.16-acre plot, this two-story home encompasses 1,172 sq. ft. with 2 bedrooms and 1 bathroom. Built in 1900, the property is currently vacant and requires a comprehensive remodel. This presents an opportunity for investors or homeowners looking to tailor a space to their specific tastes and requirements.
1594 E County Rd 150 N
Bedrooms: 3
Bathrooms: 2
Basement: None
Square Feet: 1,378
Garage: 2 Car Attached
Lot Size: 0.41 Acre
Year Built: 1971
Occupancy: Tenant (moving out)
Market Rent: $1,500/mo
Assessed Value: $87,100
ARV: $145,000
This well-maintained brick home, built in 1971, is situated on a sizable 0.41-acre lot. With 1,378 sq. ft. of living space, the property features 3 bedrooms and 2 bathrooms, accommodating a variety of living arrangements. Notable attributes include a 2-car attached garage, a front bay window that enhances the aesthetic appeal, and a durable 3-dimensional asphalt roof. The house’s condition is commendable, representing a ready-to-move-in opportunity for potential homeowners or a low-maintenance addition to an investor’s portfolio. Currently, the home is occupied by a tenant who is in the process of moving out, making it available for immediate possession upon sale.
617 Sherman Dr
Bedrooms: 2
Bathrooms: 1
Basement: None
Square Feet: 720
Garage: Utility Shed
Lot Size: 0.15 Acre
Year Built: 1950
Occupancy: Tenant
Current Rent: $1,200/mo
Assessed Value: $22,900
ARV: $60,000
This ranch-style home, built in 1950, features 720 sq. ft. of living space and is equipped with 2 bedrooms and 1 bathroom, making it a compact yet comfortable residence. The home is characterized by its durable metal roof, offering long-lasting protection. Currently, a tenant occupies the property, paying a monthly rent of $1,200, with six months paid in advance, ensuring immediate rental income. The owner is responsible for all utilities including electric, gas, water, sewage, trash, and internet. This property can be a suitable investment for those looking to acquire a tenanted, income-generating asset.
824 W 10th St
Bedrooms: 2
Bathrooms: 2
Basement: Full/Unfinished
Square Feet: 1,806
Garage: 2 Car Detached
Lot Size: 0.19 Acre
Year Built: 1890
Occupancy: Employee
Current Rent: N/A
Market Rent: $1,250
Assessed Value: $50,000
ARV: $98,000
This 1,806 sq. ft. residence, constructed in 1890, is well-maintained and features 2 bedrooms and 2 bathrooms. The home is in good condition and includes a 2-car detached garage, offering additional space and convenience. Currently, an employee who manages all properties and assists with on-site needs occupies the home. The occupant is responsible for all utilities and upkeep. The prospective buyer has the flexibility to retain the current occupant as a property manager, adjust the rent to market rates, or transition the property to another tenant. This offers adaptability in management and rental income strategy for the new owner.
1678 E County Rd 150 N
1.855 ACRES VACANT LOT WITH TRAILER
Bedrooms: 1
Bathrooms: 1
Basement: None
Square Feet: Trailer
Garage: 3 Sheds
Lot Size: 1.855 Acres
Year Built: 1989
Occupancy: Tenant/Vacant Land
Current Rent: $300/mo
Assessed Value: $35,300
ARV: $115,000
Situated on a spacious 1.855-acre parcel of land, this property presents a versatile investment opportunity. Although primarily vacant land, it hosts a trailer currently rented for $300 per month, with the tenant covering all utilities and taxes, offering an immediate source of income. The expansive lot provides ample space and flexibility for various development or utilization possibilities according to the new owner's preferences or needs.
Comps to support ARV
Comp 1
Comp 2
Comp 3
Address
154 N Woodward Ave
830 Upland Ave
23 Upper Ave
Sales Price
$63,000
$95,000
$82,500
Sales Date
10/21/2022
08/02/2022
9/27/2022
Distance Away
0.4 Miles
.99 Miles
0.7 Miles
Square Feet
1,280
1,568
1,320
Year Built
1905
1948
1930
Beds/Bath
3/1.0
4/2
3/1
Comps to support ARV
Comp 1
Address: 154 N Woodward Ave
Sales Price: $63,000
Sales Date: 10/21/22
Distance Away: 0.4 Miles
Square Footage: 1,280
Year Built: 1905
Bed/Bath: 3 / 1.0
Comp 2
Address: 830 Upland Ave
Sales Price: $95,000
Sales Date: 8/2/22
Distance Away: .99 Miles
Square Footage: 1,568
Year Built: 1948
Bed/Bath: 4 / 2
Comp 3
Address: 23 Upper Ave
Sales Price: $82,500
Sales Date: 9/27/2022
Distance Away: 0.7 Miles
Square Footage: 1,320
Year Built: 1930
Bed/Bath: 3/1