121 Public Square ~ Batesville
Income-Producing Property in Downtown Batesville!
3,600 Sq. Ft. ~ $325,000
FULLY Rented! 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 (who will REMAIN in business) downstairs & a newly remodeled office/apartment space directly behind it with a kitchen and full bath, which is currently rented as an apartment. 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! All three apartments are currently rented. The seller has just painted and put in new flooring in the upstairs apartments and the downstairs apartment/office space. Roof & HVAC units are all under warranty!
Note: Dale Copeland Jeweler has been in business over 40 years and plans to remain there in business for many more years to come!
Annual Taxes ~ $1,951 ~ At Current Rent Rates, 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.