This triplex located at 228 South Madison Street in Knightstown, Indiana. Built in 1950, the property features three units with efficient layouts and offers significant value-add potential. With one unit already renovated and ready for immediate occupancy, an investor can generate rental income while completing the remaining two units. The property consists of two 2-bedroom units and one 1-bedroom unit, appealing to a wide range of tenants. The two-bedroom units include dedicated laundry hookups, a highly desirable amenity that enhances convenience and increases tenant demand. This asset presents a clear opportunity to maximize rental income through strategic renovations and operational improvements, allowing investors to capitalize on existing market inefficiencies. With its efficient unit mix, modern amenities, and substantial upside, this triplex represents a compelling investment opportunity for buyers seeking a high-potential asset
4 Unit apartment building. Each unit is a 1 bedroom and 1 bath with a full galley kitchen and spacious living room.
Nestled in the heart of Knightstown, right on the charming town square, this versatile duplex presents a remarkable investment opportunity. Each unit features a well-designed one-bedroom, one-bath layout, each complete with a full kitchen and living area. Currently utilized as a short-term rental through Airbnb, the property holds potential for conversion into residential apartments, office spaces, or retail establishments. The sale includes negotiable options for all furniture, appliances, and furnishings, making it an appealing turnkey solution. Conveniently located approximately 30 minutes east of Indianapolis just a few miles from I-70. Agent Owned.
Updated investment property that checks all the boxes. Five unit building in historic Knightstown. Charming finishes, location, and appeal. Original hardwood floors, tall ceilings, and exposed brick walls mix with modern plumbing and electrical throughout. Unit 24 houses Historic Knightstown Inc and includes a show room, kitchenette, bathroom and storage. Unit 26 exudes character and features a lobby, three private offices and washer/dryer connection. Unit 28A (2nd FL) is features 14' ceilings and two large/open rooms. Unit 28B (2nd FL) is a fully renovated two bedroom apartment with open floor plan. Unit 32 is also fully renovated commercial unit. Each unit features an updated bathroom. Tenant pays gas & electric (individually metered). Owner pays water.
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
Listings courtesy of MIBOR as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {{last updated}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. © 2024 Metropolitan Indianapolis Board of REALTORS®. All Rights Reserved.
Knightstown is located in Indiana. Knightstown, Indiana has a population of 2,109. Knightstown is more family-centric than the surrounding county with 28.72% of the households containing married families with children. The county average for households married with children is 28.42%.
The median household income in Knightstown, Indiana is $55,000. The median household income for the surrounding county is $54,154 compared to the national median of $69,021. The median age of people living in Knightstown is 39 years.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 18.4 degrees. The average rainfall is approximately 44 inches per year, with 23.9 inches of snow per year.
