14-Unit Apartment Complex Prime Main Road Location Value-Add Opportunity Prime investment opportunity in the heart of Converse! This well-maintained 14-unit apartment complex, situated directly on Jefferson Street, offers a stable, income-producing asset with immediate potential for forced appreciation. The property consists of three separate buildings (two triplexes and one 8-plex), providing a flexible and manageable layout. This complex is a true "Value-Add" play. Unit #1 is currently undergoing renovations; the majority of building materials have already been purchased and will convey with the sale, allowing the new owner to finish the project and realize immediate rental income upside. With 10 of the 14 units on the ground level, this property is highly desirable for tenants and maintains consistent demand. Key Property Highlights: * Unit Mix: (4) 2-Bedroom/1-Bath units; (10) 1-Bedroom/1-Bath units. * Property Composition: Three buildings (two triplexes, one 8-plex). 8-plex features a 2-story design with on-site laundry facilities for added monthly revenue. * On-site laundry room featuring commercial-grade machines. The equipment is provided and maintained by a third-party vendor-offering you steady, passive laundry income without the hassle of equipment repairs or maintenance. * Accessibility: Highly accessible design with 10 units featuring ground-level entry. * Prime Accessibility: Located directly on Jefferson St (Main Rd) in Converse. * Immediate Amenities: Situated adjacent to Dollar General for maximum tenant convenience. * Districts: Served by the well-regarded Oak Hill United School Corporation. * Maintenance: Significant capital expenditure already addressed with roofs replaced just 5 years ago. * Upside Potential: Unit #1 near completion-all materials on-site will be transferred to the buyer at closing. Don't miss this opportunity to acquire a turnkey portfolio with built-in equity potential.
Right in the heart of Converse, where the scent of fresh-baked crust has practically become part of the town’s atmosphere, an incredible opportunity is ready to be served! Welcome to Pizza King – 109 N Jefferson St., Converse, Indiana, now offered at $225,000. This well-established, community-loved business has been a local staple for years, serving up not just pizza, but tradition, familiarity, and loyal customer traffic that keeps the doors swinging. This offering includes the building, pizza ovens, cooking equipment, and supplies, giving you a true turn-key setup. Even better, existing leases and supplier agreements are transferable, allowing a smooth transition so operations can continue with minimal interruption. In other words, you can step in and keep the ovens hot from day one. Situated in a prime, central location, this property benefits from consistent visibility and strong community presence. Whether you're an experienced operator or someone ready to jump into a proven business model, this is your chance to take the reins of a beloved hometown favorite and make it your own. Opportunities like this don’t come around often—especially ones this well-seasoned.
Turnkey Restaurant & Bar with in the Heart of Converse! Here’s your chance to own a fully equipped, move-in ready restaurant and bar located in the vibrant and walkable downtown Converse district—just steps away from other local hotspots, shops, and eateries. This property offers everything you need to launch your culinary or hospitality vision, including a commercial kitchen outfitted with an Ansel hood system, flat-top grill, fryers, ovens, walk-in coolers, refrigerators, and a custom-built tap and keg cooler. Guests will enjoy two distinct dining areas—one featuring a stage and full bar—perfect for live entertainment, private events, or weekend crowds. The space also includes three restrooms and a fully integrated sound system throughout the building. Additional updates include new plumbing, a welcoming vestibule entryway, and acoustic paneling to enhance sound quality and reduce noise. The upper level was once a shotgun-style apartment and offers potential for future use or expansion. Whether you're expanding your portfolio or bringing a new concept to life, this property delivers location, infrastructure, and opportunity—all in one package.
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
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Converse is located in Indiana. Converse, Indiana has a population of 1,009. Converse is less family-centric than the surrounding county with 27.24% of the households containing married families with children. The county average for households married with children is 29.33%.
The median household income in Converse, Indiana is $52,847. The median household income for the surrounding county is $53,762 compared to the national median of $69,021. The median age of people living in Converse is 37.1 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 16.9 degrees. The average rainfall is approximately 41.4 inches per year, with 28.9 inches of snow per year.
