Great Investment Opportunity in Historic Richmond! This rehabbed duplex is a prime investment in the charming historic community of Richmond. Both sides of the duplex have been remodeled featuring fresh paint, new flooring, and modernized bathrooms. Additionally, the property includes a spacious 20x26 detached garage with an apartment, offering even more potential for cash flow once rehabbed. Don't miss out on this unique opportunity to invest in a property with tremendous upside in a sought-after location!
6 unit investment property near downtown Richmond, IN. Property is currently undergoing renovations. Listing price will be incrementally increase as projects are completed. Property is currently in need of improvement. Property is to be sold as-is OR with inspection contingency being waived. Sight unseen acknowledgement is required. Entrance to the property will only be permitted for an inspection (if applicable) after property is under contract.
The median home value in Richmond, IN is $142,900. This is higher than the county median home value of $137,200. The national median home value is $338,100. The average price of homes sold in Richmond, IN is $142,900. Approximately 47.11% of Richmond homes are owned, compared to 37.27% rented, while 15.62% are vacant. Richmond 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 Richmond real estate agent to arrange a tour today!
Richmond, Indiana has a population of 35,854. Richmond is less family-centric than the surrounding county with 23.63% of the households containing married families with children. The county average for households married with children is 26.08%.
The median household income in Richmond, Indiana is $41,569. The median household income for the surrounding county is $49,952 compared to the national median of $69,021. The median age of people living in Richmond is 38.2 years.
The average high temperature in July is 84 degrees, with an average low temperature in January of 17.7 degrees. The average rainfall is approximately 41.5 inches per year, with 17 inches of snow per year.