Description

Unlock an exceptional investment opportunity in the heart of downtown New Richmond, Indiana. This 8,000+ square foot brick building stands as a cornerstone of the downtown, offering a unique combination of immediate rental income and massive value-add potential. Perfectly suited for the investor or entrepreneur, this property features three distinct units designed for diversified revenue streams. Utilize the income from the three existing apartments to offset carrying costs while you bring your vision for the commercial space and second floor to life. Whether you’re looking to create a portfolio of residential and commercial rentals or establish your own business while living upstairs, you can tailor the potential to your exact needs. Don’t miss your chance to own a significant piece of New Richmond’s downtown. Properties with this combination of scale, character, immediate income, and immense upside are rare opportunities!