3 unit: 2 bed, 1 bed, detached 1 bed Wabash, Indiana

[William H.]

Hi all,

I have no stakes in this property, but the owners are personal friends. Not a good fit for them, it was acquired through family. It is way out of my region or I'd be looking at it.

Town is 10,000 people, unemployment slightly below state average, pretty solid for a small town, no stories.

Property is 1903 sfh converted to a 2 bed and a 1 bed. Third unit is detached 1 bed. All three need some work to be rent ready. Lower and detached units habitable, but could be prettier. Upper needs flooring in kitchen, a few windows.

I would be looking at a roof but am not 100% sure. Water has been off to building.

Rents range from $450 to $560 for this type of property in this area. Property is listed for about 20k.