Calling all investors - could this be your next multi-family project? Nestled in the heart of Carthage, IN, this primarily brick 2-story apartment building houses 4 tenant occupied units, all equipped with w/d connections, newer windows and 3 of the 4 with newer HVAC, including central air. The 1st floor of this building was converted from restaurant to residental in 2016. Current management will be happy to stay in place if needed. Carthage, is located a short 20 minute drive from Greenfield, with plenty of retail, restaurants and entertainment. At an 8% CAP rate, this property won't be available for long! ACT TODAY!
The median home value in Carthage, IN is $210,000. This is higher than the county median home value of $172,400. The national median home value is $338,100. The average price of homes sold in Carthage, IN is $210,000. Approximately 40.63% of Carthage homes are owned, compared to 40.9% rented, while 18.47% are vacant. Carthage real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Carthage real estate agent to arrange a tour today!
Carthage, Indiana has a population of 856. Carthage is more family-centric than the surrounding county with 34.84% of the households containing married families with children. The county average for households married with children is 28.16%.
The median household income in Carthage, Indiana is $33,920. The median household income for the surrounding county is $58,887 compared to the national median of $69,021. The median age of people living in Carthage is 28.9 years.
The average high temperature in July is 83.8 degrees, with an average low temperature in January of 18.4 degrees. The average rainfall is approximately 45.1 inches per year, with 20.7 inches of snow per year.