Properties

10870 PR 570 Road, Poland, Indiana 47868 MLS 202514818

6.02 acre - 10870 PR 570 Road, Poland, Indiana 47868

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Property 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!

Basic Details
Property Type : Investment
Listing Type : For Sale
Listing ID : 202514818
Price : $750,000
Bedrooms : 2
Rooms : 0
Bathrooms : 1
Half Bathrooms : 0
Year Built : 1986
Lot Area (ACRES) : 6.02
Total Finished SqFt : 650
Address Map
Country : US
State : IN
City : Poland
Area : Owen County
Subdivision : Other
Zipcode : 47868
Street : PR 570
Street Number : 10870
Floor Number : 0
Longitude : E0° 0' 0''
Latitude : N0° 0' 0''
Additional Details
Property SubType : Duplex
List Agent : 10417
Listing Office 1 : 3236
Status : Active
Pool Y/N : No
Style : One story
School District : Cloverdale community schools
Elementary : Cloverdale
Middle School : Cloverdale
High School : Cloverdale
Waterfront Y/N : No
New Construction : No
Lot Dimensions : IRREGULAR
# of Fireplaces : 4
Main Level SqFt : 0
Approx. Lot Size SqFt : 262,231
Total Baths : 1
Annual Taxes : $7,500
Association Dues $ : $540
Other Fees $ : $0
REO Y/N : No
Basement Y/N : No
Age : 39

Listing provided courtesy of: Down Home Real Estate & Auction LLC, Beth Neeley.

Investment For Sale
  • Listing ID : 202514818
  • Bedrooms : 2
  • Bathrooms : 1
  • Lot Area (ACRES) : 6.02 acre
  • Visits : 0 in 8 days
$750,000
Agent info
Keith Realty & Auction Group
2411 River Road, Spencer, IN 47460
Contact Agent

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