Affordable Duplex Investment Opportunity in Wabash, IN!
-
Single Family House -
5 -
2 -
1910 -
2160 -
8712 -
Detached Garage
Description
This duplex, located at 34 E Main St in historic Wabash, is a fantastic opportunity for investors, flippers, or homeowners looking to bring a charming property back to life. With a recently installed roof (only 2 years old), this property has a solid start on necessary improvements, but it still requires significant work to reach its full potential. Whether you're looking to create a rental property or a unique multi-family home, this fixer-upper has all the bones for a promising project.
Property Details:
- Bedrooms: 5
- Bathrooms: 1 (potential for adding more with renovation)
- Square Feet: 2,160 sq. ft.
- Year Built: 1910
- Lot Size: Generous outdoor space perfect for yard enhancements or garden additions
Key Highlights:
- New Roof: Installed just 2 years ago, providing peace of mind and protection from major future expenses.
- Flexible Layout: With 5 bedrooms, this property offers endless possibilities for room conversions or space expansions. Perfect for a large rental setup or customization into individual living spaces.
- Historic Charm: Built in 1910, this duplex has many classic architectural features that could be restored to their former beauty, adding unique charm and appeal.
- Investment Potential: With some updates, this property has the potential to yield solid rental income in an area where housing is in demand.
Property Condition: This home is in need of extensive repairs and updates. Areas that require attention include flooring, walls, kitchen, bathrooms, and utilities. The structure itself appears solid, but prospective buyers should be prepared for a renovation project.
Neighborhood & Location: Located on Main St, this duplex is close to local amenities, schools, and shops. Downtown Wabash offers historic sites, unique dining, and a welcoming community atmosphere. The area has shown growth in recent years, making it an appealing spot for future tenants or owners looking to enjoy small-town charm.
Why Buy 34 E Main St? If you have a vision and a passion for home restoration, this property is the perfect canvas. With the major improvement of a newer roof already in place, you can focus on transforming the interior and unlocking its potential. Once renovated, this duplex could shine as a beautiful rental property or a profitable resale.
Don't miss this rare chance to own a piece of Wabash history and create something truly special. Whether you're an investor or a DIY enthusiast, this property is waiting for someone to bring it back to life. Priced to sell as-is. Schedule a viewing today and imagine the possibilities!
Estimated Spread
- ARV $125,000
- Price $28,000
- Spread $97,000
Similar Properties
Charming Light Fixer-Upper 4.9 acers in Cordova, AL – Great Potential!
$ 60,0002 Bedrooms | 2 Baths | 1,444 ft