2126 Virginia Ave, Connersville, in 47331
Excellent Investment opportunity with very good capital appreciation potential when rehabbed.
Pretty one story 3 Bedroom , 1 bathroom Single family house in a quiet and pleasant neighborhood. Bungalow style with covered porch. The property has character and interesting features such as high windows and decorative window shutters.
The house is 1,536 sq ft and sits on 0.284 acres lot (12,375 sq ft)
Lot dimensions: 75’ x 165’
The property has 3 bedrooms, 1 bathroom, living room, dining area, kitchen, front porch. Most of the rooms are of a decent size.
The property has been vacant for a while, externally it is in good condition, the roof, windows and external siding are all in good condition. Internally the property needs a rehab, but once completed the property has tremendous potential.
Pleasant and quite location:
The property is located in a pleasant and quiet residential area but close to all local facilities and amenities being within 1.7 miles of Downtown Connersville.
Local facilities and amenities include:
Restaurants
Taco Bell (.1mi), Papa John's Pizza (.1mi), Asian Delight (.2mi), SUBWAY® Restaurants (.2mi), Maplewood Inn (.2mi), Kunkel's Drive In (.3mi), DQ Grill & Chill Restaurant (.5mi), Pizza King (.6mi), Pizza Place (.6mi), Mancino's of Connersville (.8mi), Hot Pot Restaurant (.8mi), Long John Silver's (.8mi), Stacks (.8mi), Dairy Twist (.8mi), Parkview Restaurant (.8mi), El Camino Real (.8mi), Noble Roman's (.8mi), Pizza Hut (.9mi), Arby's (.9mi), Los Jefes Mexican Restaurant (.9mi), Jerry's Pizza (.9mi), Great China Buffet (.9mi), Lee's Famous Recipe Chicken (.9mi), Mousie's (1mi), Big Boy's Pizzeria (1.1mi), Maggie's Diner (1.1mi), Rip's Family BBQ (1.3mi), Hardee's (1.4mi), Chrome Grill (1.4mi), Wendy's (1.4mi), El Caballo Blanco Mexican (1.4mi), Little Caesars Pizza (1.4mi), Penny's Family Restaurant (1.5mi), Pizza King (1.5mi), Southern Style Family Dining (1.5mi), Burger King (1.5mi), Catamount Trading Co (1.6mi), SUBWAY® Restaurants (1.6mi), Charlie Biggs Chicken and Sauce (1.7mi), Los Jeffe' 30th St. Connersville, In. (1.8mi)
Coffee
Mc Donald's (.8mi), Brian's Book Store & Coffee (1.4mi)
Bars
Ozzie's (1.3mi), Fantasy Inn (1.3mi)
Groceries
Connersville/Fayette County Farmers Market (.4mi), IGA Store (.6mi), Save-A-Lot (.9mi), Kroger (.9mi), Clark's Greenhouse & Flower Shop Eastside Market (1.7mi), Walmart Supercenter (1.7mi)
Parks
Roberts Park (.7mi)
Schools
Connersville Middle School (.4mi), Maplewood Elementary School (.5mi), Grandview Elementary School (.6mi), St Gabriel Elementary School (1mi), Temple Christian School (1.6mi), Eastview Elementary School (1.7mi), Frazee Elementary School (1.7mi), Connersville Senior High School (2.2mi), Whitewater Technical Career Center (2.2mi), Cfr Special Services School (2.3mi), Victory Christian School (2.7mi), Fayette Central Elementary School (4.8mi)
Shopping
Label Shopper (.2mi), Daum's Dairy Mart (.2mi), C & E Books & Comics (.4mi), Clothes Ladder (.9mi), Dockers (.9mi), Athletic Arena (.9mi), Brian's Book Store (1.4mi), The Midwest Connect (1.5mi), Goodwill Store (1.6mi), John Siler Body Shop (4.5mi)
Entertainment
Showtime Cinemas (.2mi), Historic Connersville (1.5mi), White Water Valley Scenic Railroad Yard (2mi), Robinson Chapel Cemetery (4.9mi)
Errands
Tractor Supply Co. (.2mi), Sears Hometown Store (.3mi), Chandler Marketing (.4mi), Whitewater Regional Federal Credit Union (.6mi), Union Savings & Loan Association (.8mi), Natco Credit Union (.9mi), MainSource Bank (.9mi), U.S. Bank (.9mi), Kroger Pharmacy (.9mi), Union County National Bank (.9mi), Wells' Lumber and Hardware (1.1mi), First Merchants Bank (1.1mi), Union Savings & Loan Assoc (1.2mi), First Financial Connersville (1.2mi), Fifth Third Bank (1.3mi), U.S. Bank (1.3mi), FIFTH THIRD BANK (1.3mi), Gillman Home Center (1.5mi), CVS Pharmacy (1.5mi), Walmart Pharmacy (1.7mi), MediCenter Pharmacy – Connersville (1.8mi)
(walkscore.com)
The property is about an hour drive to three main cities:
Indianapolis, IN 66 miles
Dayton, OH 57 miles
Cincinnati, OH 61 miles
Demographics - Connersville, IN 473311
Total population 13,481
% White 95.76%
%Black 2.60%
1 https://suburbanstats.org/population/indiana/how-many-people-live-in-connersville
THIS IS A UNIQUE OPPORTUNITY FOR THE SAVVY BUSINESS OWNER, DEVELOPER OR INVESTOR TO OWN A POTENTIALLY HIGH INCOME PROPERTY AT A DISCOUNTED PRICE IN A GREAT LOCATION.
Great investment opportunity:
The property has excellent capital appreciation potential once rehabbed with good average home values and household income in the area.
Realtor.com estimated value: $87,900 - Homes.com estimated value: $90,100
Excellent income potential once rehabbed
Average rent* for similar properties in this area: $800/ month
*hotpads.com
Taxes:
Fayette County IN - Parcel Tax ID: 21-05-13-509-507.000-008
All taxes paid up to date (June 2019)
PROPERTY IS SOLD AS IS, WHERE IS-
Buyer assumes real estate taxes, liens, bills and encumbrances
Winning bidder must contact the seller within 24 Hours after the close of the auction with full details of the buyer.
Buyer will also be responsible for $500 deed prep and doc fee as well as 8 % premium.
10% non-refundable deposit (minimum $1,000), auction premium (Minimum $250) and $500 deed preparation and doc fee are due within 48 hours of auction close.
Final Payment of balance to be made within 5 calendar days of the Auction close.
All bidders to do their due diligence. Property is sold on a Quit Claim deed. Buyer assumes real estate taxes, liens, bills and encumbrances (if any). Buyer is responsible for checking the back tax amounts and any requirements of the building code department directly. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. Buyers are responsible for fixing building code violations (if any). Buyers are bound by the Purchase Agreement which is attached under the Due Diligence section. All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase the property.
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