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Lissett Garcia
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408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo
408 N Jefferson Street, Converse, IN 46919 Photo

36 Total Photos [Click to View All]

$715,000
Status: Active
408 N Jefferson Street Converse, IN 46919
  • 18
    Bedrooms
  • 14
    Total Baths
  • 7,880
    Square Feet
  • 0.45
    Acres
  • 1970
    Year Built
  • HOA

Property Description

14-Unit Apartment Complex | Prime Main Road Location | Value-Add Opportunity Prime investment opportunity in the heart of Converse! This well-maintained 14-unit apartment complex, situated directly on Jefferson Street, offers a stable, income-producing asset with immediate potential for forced appreciation. The property consists of three separate buildings (two triplexes and one 8-plex), providing a flexible and manageable layout. This complex is a true "Value-Add" play. Unit #1 is currently undergoing renovations; the majority of building materials have already been purchased and will convey with the sale, allowing the new owner to finish the project and realize immediate rental income upside. With 10 of the 14 units on the ground level, this property is highly desirable for tenants and maintains consistent demand. Key Property Highlights: ¢ Unit Mix: (4) 2-Bedroom/1-Bath units; (10) 1-Bedroom/1-Bath units. ¢ Property Composition: Three buildings (two triplexes, one 8-plex). 8-plex features a 2-story design with on-site laundry facilities for added monthly revenue. ¢ On-site laundry room featuring commercial-grade machines. The equipment is provided and maintained by a third-party vendor?offering you steady, passive laundry income without the hassle of equipment repairs or maintenance. ¢ Accessibility: Highly accessible design with 10 units featuring ground-level entry. ¢ Prime Accessibility: Located directly on Jefferson St (Main Rd) in Converse. ¢ Immediate Amenities: Situated adjacent to Dollar General for maximum tenant convenience. ¢ Districts: Served by the well-regarded Oak Hill United School Corporation. ¢ Maintenance: Significant capital expenditure already addressed with roofs replaced just 5 years ago. ¢ Upside Potential: Unit #1 near completion?all materials on-site will be transferred to the buyer at closing. Don't miss this opportunity to acquire a turnkey portfolio with built-in equity potential. Current rent roll and operating expense summary are available upon request for qualified buyers. Showings by appointment only.

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Listed By / Shown By

Listed By

Broker Name: CENTURY 21 Bradley Realty, Inc
Broker Contact: Cell: 765-667-1990
Agent Name: Jonathan Preusz

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Shown By

Agent Name: Lissett Garcia
Agent Phone: (574) 767-2276
Broker Title: Cressy & Everett Real Estate

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IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS

Property Features

MLS Number: 202621117
Subdivision: Other
County: Miami
Bedrooms: 18
Total Square Feet: 7,880
Style: Apartment Complex
New Constuction: No
Construction: Brick,Vinyl
Waterfront: No
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Crawl, Partial Basement
Cooling: Window
Heating: Baseboard, Ceiling
Lot Size: 0.45 Acres
Roof Type: Dimensional Shingles
Year Built: 1970

Feature Descriptions

Above Grade Finished SQFT: 7880
Amenities: Sump Pump, Other-See Remarks
Common Amenities: Laundry Facilities
Days on CressyEverett.com: 1
Exterior: Brick, Vinyl
Home Style: Apartment Complex
Location: City/Town/Suburb
Lot: Level, 0-2.9999
Lot Dimensions: 140x140
Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Snow Removal, Trash Collection, Water
Sale Inclusions: Building, Land
Sewer: City
Tenant Pays: Electric, Trash Collection, Water
Total Finished SQFT: 7880
Units: 14
Water: City

Location

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Estimated Payment

$ 3,749.07 per month $3,540.52 Principal & Interest $0.00 Property Tax (data not provided by mls) $208.54 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/03/2026. The listing information on this page last changed on 06/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 06/03/2026 12:03:03 AM EST) or MichRic (Michigan Regional Information Center) (last updated Tue 06/02/2026 11:17:38 PM EST) or NIRA MLS (last updated Tue 06/02/2026 11:04:46 PM EST) or IRMLS (last updated Tue 06/02/2026 11:12:18 PM EST). Real estate listings held by brokerage firms other than Cressy & Everett Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS
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Agency License Information: Cressy & Everett Real Estate is licensed in the states of Indiana and Michigan.



Agent License Information: Lissett Garcia is licensed to sell real estate in the state of Indiana.

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