290 Washington StMartinsville, IN 46151

For Sale
$220,000

Prime location, stable income, updated duplex

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional mixed-use property, located at 290 W Washington St in downtown Martinsville, Indiana, presents a compelling investment opportunity. Priced at $220,000, this two-story duplex offers two distinct rental units. The ground floor unit (Unit 9) boasts two generously sized bedrooms, a full bathroom, a comfortable living room, and a functional kitchen. This unit has recently undergone cosmetic updates. Upstairs, Unit 10 features three bedrooms, one bathroom, a living room, and a kitchen. Both units benefit from newer tankless electric hot water heaters, minimizing maintenance and energy costs. Exterior improvements, including the roof, siding, and windows, were completed in 2016, ensuring long-term durability. The property also includes a sizable parking lot, adding to its convenience and appeal. Its prime downtown location offers easy access to the town square and various amenities, promising high occupancy rates and consistent rental income. The low-maintenance design further enhances its investment potential. With a 0.16-acre lot, this property offers a rare blend of location, condition, and income potential in the heart of Martinsville. The zip code is 46151.

Property Details for 290 Washington St

Property type
Other mixed-use properties, Mixed-use properties
Lot Size (sq. ft)
6,970 SF

Location Insight

City
Martinsville
County
18109
State
Indiana
Latitude
39.4273322
Longitude
-86.43184
290 Washington St, Martinsville, Indiana

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290 Washington St
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