Low taxes, about $661/year, which is great for rental cash flow
About half a mile to Pike Central Middle & High School
Vacant, so showings and closing are easy
REPAIRS NEEDED
Cosmetic rehab: interior paint, flooring touch-ups, fixtures, trim and a full cleanout
Estimated Repair Costs: $20K – $30K
ARV – $185,000 based on Comps:
1030 E Glezen St, Petersburg, IN 47567: 3 Bed / 2 Bath manufactured home, 1,680 SqFt (built 1999), on a double lot. Sold for $182,000 on 09/05/2025. This is nearly identical in size to the subject, which sits on a full acre.
4611 N Alford Locust St, Petersburg, IN 47567: 3 Bed / 2 Bath manufactured home, 1,280 SqFt. Sold for $147,000 on 06/30/2026 ($115/SqFt).
3247 E State Road 364, Winslow, IN 47598: 3 Bed / 2 Bath manufactured home, 1,944 SqFt (built 2004), on 5 acres. Sold for $260,000 on 08/03/2023.
POTENTIAL RETURNS
Fix & Rent: 4 bedrooms on a full acre with low taxes is a strong rental profile, with Jasper and the rest of Pike County close by.
Fix & Flip: a light cosmetic rehab against a $185K ARV leaves a big spread at our price.
Remember, you miss 100% of the shots you don’t take, so don’t hesitate to submit that offer!
Call Mike at Preferred Home Buyer: 219-200-5043
More About This Property
Nearby Markets12 cities · 8 counties · 12 ZIP codes
Figures from the seller unless a line says otherwise. Verify before you close.
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ARV $185,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $91,000.