Description
Rare opportunity in Hendricks County to purchase fully occupied and income producing 8 unit apartment buildings with this much ground untouched to add more buildings and further develop. This residential zoned property has conceptual development drawings that seller will share if interested or you can create your own dream development. Current plan consists of adding 3 more buildings and 18 more units and garages, projected rents after re-development of 1500/mo per unit. Sale consists of 2 parcels, 2 existing buildings and ground totaling 5.3 acres. Avon school district, existing units bringing around $800/mo currently all 2 bedroom 1 bath units, gas and electric metered separately, owner pays water.
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0BEDS
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5.36ACRES
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0BATHS
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01/2 BATHS
School Information
Description
Rare opportunity in Hendricks County to purchase fully occupied and income producing 8 unit apartment buildings with this much ground untouched to add more buildings and further develop. This residential zoned property has conceptual development drawings that seller will share if interested or you can create your own dream development. Current plan consists of adding 3 more buildings and 18 more units and garages, projected rents after re-development of 1500/mo per unit. Sale consists of 2 parcels, 2 existing buildings and ground totaling 5.3 acres. Avon school district, existing units bringing around $800/mo currently all 2 bedroom 1 bath units, gas and electric metered separately, owner pays water.
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