715 S Washington St, Kokomo, IN 46901, USA

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715 S Washington St Kokomo, IN
$80k OBO
So many opportunities with this 1806’ home! This could be a fix and flip or a buy and hold, a SFH or a Duplex. Kokomo is booming and there is a huge demand for rentals.  Property is currently set up as a duplex, with a lower and an upstairs unit.  Both are currently 2/1’s, however if you want to rent by the room and only provide a kitchen and bathroom, the upstairs unit could easily be a 3/1.  Average rental rate in this area for a 2/1 is $996, providing a monthly income of $1992! Due to high demand for rentals, many landlords rent by the room which  provides a significantly higher income. Gas and electric meters are separated, and the water is shared.   The majority of work needed is cosmetic.  The property could also be converted back into a SFH with 6 bedrooms and 2 baths for an opportunity to rent the house, rent by room, or fix and flip.  ARV for this property is $193k.

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