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Map

Directions

Take Highway 24 east from State Road 13, turn right onto State Road 524. Property is on the right.

Description

This fully updated 5-unit apartment strip sits on a sprawling 10-acre parcel and is 100% rented—offering instant income for savvy investors. The complex includes (2) one-bedroom units and (3) two-bedroom units, all modernized and well-maintained for long-term tenant retention. In addition to the apartments, the property features a spacious 3,136 sq ft home with 3-4 bedrooms, 3 full baths, and a 2-car attached garage with a full loft. With the right zoning approval, this home could easily be converted into a duplex, adding even more rental potential. But that’s not all, this property also includes multiple concrete pads perfect for campers, park models, or small trailers, opening the door for expanded income streams such as short-term rentals or seasonal tenants. Whether you’re looking to diversify your portfolio, generate passive income, or expand into multi-unit or vacation rental markets, this property offers incredible potential and flexibility.

Details

  • Property Details

  • MLS #:
    202547063
  • Price
    $619,500
  • Bedrooms
    3
  • Baths Total
    3
  • Full Baths
    3
  • Half Baths
    0
  • Approx. Lot Size Acres
    10
  • Approx. Lot Size SqFt
    435,600
  • Class
    Investment
  • DOM
    3
  • Lot Dimensions
    10 acres
  • New Construction
    No
  • Parcel ID#
    85-11-32-400-012.000-003
  • Property Sub-Type
    Apartment Building
  • State
    IN
  • Style
    Other
  • Subdivision
    None
  • Total Finished SqFt
    3,136
  • Total SqFt
    5,048
  • Year Built
    1942
  • Zip
    46992-9041

  • Interior Features

  • Below Grade Finished SqFt
    0

  • Other Features

  • Pool Y/N
    No
  • Waterfront Y/N
    No

Last updated: December 18 2025, 10:03 PM

Listing courtesy of: Sarah Mast, Real Broker, LLC

IDX information provided by the Indiana Regional MLS. 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. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.

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