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$ 349,000
Est. payment /mo
New
20015 Star Valley WAY Borden, IN 47106
1 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202609885
Year Built 1990
Annual Tax Amount $2,179
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type Multi Family
Property Description
Pleased to exclusively present the opportunity to acquire a five-unit multifamily property totaling 3,720 rentable square feet on a one-acre lot in Borden, Indiana.? The property features a mix of one and two-bedroom floor plans across single-story construction, including two 2-bedroom/1-bath units, a recently remodeled unit, and a spacious largest unit.? The building is served by two furnaces and two water heaters (gas and electric), with shared utility service and rents structured by unit size.? Three of the five units are currently occupied and producing income, with two units available for renovation and lease-up.? Borden presents a compelling investment environment driven by an affluent rural demographic, limited rental inventory, and proximity to the Louisville metropolitan market.? ? Residents enjoy a quiet, established small-town setting with strong schools (Borden Elementary and High School both rated B+), level topography, no flood risk (Zone X), and fiber internet availability — all within a roughly 30-minute commute to the greater Louisville MSA.? With in-place income, two units offering immediate value-add, below-market rents across the occupied units, and an entry price comparable to a single-family home, 20015 Star Valley Way offers investors an attractive opportunity to acquire a stable, well-located income property with clear upside in a growing Southern Indiana market.? Property sold as-is.?
Location
State IN
County Clark
Direction From IN-60 W Turn left onto Star Valley Way, Turn right 358 ft onto roadway
Interior
Fireplace No
Exterior
Present Use Multi-Family
Others
Tax ID 101301400031000035
Virtual Tour https://www.corelistingmachine.com/home2/9BBKZE
Listed by NextHome Wilson Real Estate
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