PRICE DROP!
MFH OR SFH, BUY & HOLD OR FIX & FLIP KOKOMO
715 S Washington St Kokomo, IN
$70k
So many opportunities with this 1806 sq ft 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. Average rental rate in this area for a 2/1 per Rentometer is $1004. (Contractor is available with detailed quote for rehab costs.) Or consider this, due to high demand for rentals, many landlords rent by the room which provides a significantly higher income. If you want to rent by the room, the upstairs units could easily be converted to a 3/1 with a kitchen or 4/1 if kitchen is not provided. 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. Gas and electric meters are separated, and the water is shared. ARV for this property is $193k.
Click here for Comps: mls_comp_20250416_052354.pdf – Google Drive
Click here for additional photos: Pics 715 S Wasington St Kokomo, IN – Google Drive