114 Main St Versailles, IN 47042
This exceptional investment opportunity is located at 114 N Main Street, Unit 116, in the vibrant town of Versailles, Indiana. Situated on a 0.09-acre lot, this historic brick building holds significant historical value as the birthplace of James H. Tyson, a key figure in Walgreens' expansion. Currently configured as a duplex, this property offers immediate income-generating potential upon closing. The versatile space lends itself to a variety of uses, including AirBnB, office space, retail, or a small eatery. Its prime location next to the new Holdsworth entertainment pocket park and town center, coupled with recent improvements to the Ripley County Square, ensures a rapidly appreciating asset. The upper apartment is undergoing renovations, including the installation of new windows. The lower apartment features a convenient outdoor sitting area. Both units are equipped with gas wall heater units and window air conditioning. City utilities are readily available. While showings are temporarily unavailable due to ongoing seller repairs, offers will be considered on a site-unseen basis. This is a rare chance to acquire a high-growth property in a revitalized downtown area. The asking price is $150,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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