121 Public Square ~ Batesville
Income-Producing Property in Downtown Batesville!
3,600 Sq. Ft. ~ $325,000
Excellent Investment Property with Four Great Rentals in Mint Condition! This beautiful building on the Batesville Square is home to Dale Copeland's Jewelry Store downstairs & a newly remodeled office space directly behind it with a kitchen and full bath, which could easily serve as an apartment instead! Upstairs there are two very nice one-bedroom apartments that have also been recently remodeled. The property has added appeal with walking distance to 3 great eateries ~ Bread & Butter Bistro, The Burger Shop on the Square, & Court Street Patio! The apartments all have refrigerators & stoves, but no washers & dryers are needed with Smith Cleaners AND Smith Coin Laundry just across the parking lot! The seller has just painted and put in new flooring on the two vacant units so they'll be ready for new tenants. There's a GREAT demand for residential rentals in Batesville, so there won't be any problem finding renters to fill these two vacancies! Roof & HVAC units are all under warranty!
Note: Dale Copeland Jeweler has been in business over 40 years and plans to be there for many years to come!
Annual Taxes ~ $1,951 ~ At Current Rent Rates when Fully Rented, the NET Income (AFTER tax/insurance/water) is Over $24,000 Annually
Driving Directions: From I 55, take the Batesville exit west onto Hwy 6. Go through town and turn right onto Eureka Street. Go to the square and across the tracks, and the building will be in the southwest corner of the square.