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.?
Details
| MLS # | 202609885 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1990 |
| Days On Site | 54 |
| Listing Provided By | NextHome Wilson Real Estate | Stephannie Wilson |
Features
| SQ Feet | 3,720 |
|---|---|
| Units | 5 |
| Acreage | 1.00 |
Taxes
| Tax Annual Amount | 2179 |
|---|
Area Information
| State | IN |
|---|---|
| County | Clark |
| City | Borden |
| Zip Code | 47106 |
| Listing VS Median (in 47106) | |
Price: $349,000 low | high Med: $294,000 sqft: 3,720 low | high Med: 1,616 $ / sqft: $94 low | high Med: $182 On site: 54 low | high Med: 37 | |
Market Activity 47106
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Learn More About This Property
| State | IN |
|---|---|
| County | Clark |
| City | Borden |
| Zip Code | 47106 |
| Listing VS Median (in 47106) | |
Price: $349,000 low | high Med: $294,000 sqft: 3,720 low | high Med: 1,616 $ / sqft: $94 low | high Med: $182 On site: 54 low | high Med: 37 | |
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