408 N Jefferson Street, Converse, IN 46919

This 14-unit apartment complex is arranged across three separate buildings: two triplexes and one 8-plex. The unit mix includes four 2-bedroom/1-bath units and ten 1-bedroom/1-bath units. Ten units feature ground-level entry for easier access. The 8-plex is a two-story design that includes on-site laundry facilities, supported by commercial-grade machines. Equipment is provided and maintained by a third-party vendor, with laundry income generated through that arrangement. Unit #1 is currently undergoing renovations, and the majority of building materials have already been purchased and will convey with the sale to help the new owner complete the work.

The property is located at 408 N Jefferson Street in Converse, Indiana, directly on Jefferson Street (a main road). It also sits adjacent to a Dollar General for nearby everyday convenience. The complex is served by the Oak Hill United School Corporation. Roofs were replaced approximately five years ago as part of significant capital work already completed.

For tenants and operators, the combination of ground-level entries, a straightforward mix of 1-bedroom and 2-bedroom apartments, and on-site laundry can support day-to-day leasing needs. The current renovation status in Unit #1, along with materials already on hand, offers a defined path to finishing that unit after closing.