$750,000
6.02± Acres
Active
Owen County, IN

10870 Pr 570, Poland, Indiana

MLS ID: 22035165
Status: Active
Price: $750,000
Acres: 6.02±
Type: Duplex, Residential
Address: 10870 Pr 570
City, State: Poland, IN
County: Owen County
ZIP Code: 47868
Parcel Number: 600329400200110019
Year Built: 1986

Description

MAKE THIS THE YEAR TO GO INTO THE RENTAL BUSINESS! 5 DUPEXES NEAR CATARACT LAKE WITH 10 UNITS ON OVER 6 ACRES, SOME OF WHICH BORDERS GOVERNMENT GROUND AND POSSIBLY MORE ROOM TO BUILD MORE DUPLEXES ON THIS PROPERTY! These could convert easily to 4BR 2BA homes but the rental income is there! Seller is currently remodeling units as tenants go out and raising rents to a reasonable amount. The need for rentals is ALWAYS THERE AND THIS IS DOWN BY THE LAKE! Go boating, fishing and swimming! The state boat dock launch ramp is down the road with a little country diner who had donuts and GREAT BISCUITS AND GRAVY last time I stopped. The 2 duplexes on State Hwy 42 are part of a HOA that a possibility of renting a boat dock if there was an opening. Rhetta Jeans at Poland for breakfast so East or West you got good food covered! I-70 is a great commute for Indy, Bloomington, Terre Haute and you get to be down by one of the most beautiful lakes in Indiana! Employment for your tenants can be found at the factories within 30 minutes away. Additional almost 4 acres can be bought that is adjacent to the duplexes for $65,000 and has the MOST BEAUTIFUL BUILDING SITE ON IT THAT THRU THE LEAVES YOU GET TO SEE THE LAKE BECAUSE IT BORDERS HARD TO FIND GOVERNMENT PROPERTY! Cataract water. Endeavor High Speed Fiber Internet! 2 Hardware stores with lumber within 15 minutes for project runs! This is the place to start your next investment!

Directions: GPS Friendly

Additional Information

Interior

Cooling: Window Unit(s)
Heating: Baseboard
Living Area Source: Assessor

Exterior

Lot Size Square Feet: 262,231

Financial/HOA/Schools

Additional Parcels (Yes/no): Yes
Additional Parcels: 600329200090720019
Days On Market: 2
Elementary School: Cloverdale Elementary School
Middle School: Cloverdale Middle School
High School: Cloverdale High School
High School District: Cloverdale Community Schools
Subdivision Name: No Subdivision
Chad Renbarger

Chad Renbarger

Fortville, Indiana

(317) 418-7712

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Listed By: Beth Neeley of Down Home Real Est & Auction - (765) 376-6240