Images

Slider image thumbail number 1
Slider image thumbail number 2
Slider image thumbail number 3
Slider image thumbail number 4
Slider image thumbail number 5
Slider image thumbail number 6

Map

Directions

Just north of the intersection of Homestead Road and US 24. On the east side of the road.

Description

ATTENTION INVESTORS! Here’s an opportunity to build just what you want. Whether you are just starting out or want to add to your portfolio; we have a plan for you. The owner of the property specializes in Multi-family construction. They just completed a similar project and are ready to start this complex for you. This site consist of 1.92 acres and has an existing detention pond. In our opinion the best use for the site would be a 14 unit residential rental complex consisting of fourteen 1448 square foot 3 bedroom 2.5 bath townhouses. All units will have a 288 square foot one car attached garage. All units will also have electric heat and central air. The price stated is turnkey today but subject to change with the ever changing commodity prices. We anticipate about 6 months construction time after approvals and permits. We also anticipate gross monthly rents to be $28,000 per month once fully occupied. The owner is the exclusive builder. They are flexible and open to your ideas. This development is subject to obtaining necessary government approvals. Pictures are for reference only.

Details

  • Property Details

  • MLS #:
    202248359
  • Price
    $2,600,000
  • Bedrooms
    42
  • Baths Total
    42
  • Full Baths
    28
  • Half Baths
    14
  • Approx. Lot Size Acres
    1.18
  • Approx. Lot Size SqFt
    51,597
  • Class
    Investment
  • DOM
    50
  • Lot Dimensions
    147 X 351
  • New Construction
    Custom
  • Parcel ID#
    02-11-27-351-003.000-075
  • Property Sub-Type
    Apartment Complex
  • State
    IN
  • Style
    Other
  • Subdivision
    None
  • Total Finished SqFt
    27,600
  • Total SqFt
    27,600
  • Year Built
    2022
  • Zip
    46814
  • Interior Features

  • Below Grade Finished SqFt
    0
  • Other Features

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

Last updated: February 7 2023, 2:03 AM

Listing courtesy of: Mark Noneman, Noneman Realty

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.

Calculator

Number of Payments

Monthly Payments

$

Similar Listings

All Listings
View all

Listings