Borden, IN 47106 Borden, IN 47106

Building Details

Year built

1990

Listing agency NextHome Wilson Real Estate Services Show Phone

Listed by Stephannie Wilson · License #RB 14039714,PersonLicenseNumber Show Phone

Added: Jul 16 Updated: Jul 20 at 3:59PM Checked: Jul 21 at 7:06PM

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MLS# 202609885

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Investment Insights

Based on property information with market context.

This five-unit multifamily property totals 3,720 rentable square feet and features single-story construction with a mix of one- and two-bedroom floor plans. Unit mix includes two 2-bedroom/1-bath units, one recently remodeled unit, and a larger unit. The building is served by two furnaces and two water heaters, with gas and electric water heating and shared utility service. Rents are structured by unit size, and the property is offered as-is.

Three of the five units are currently occupied and producing income, with two additional units available for renovation and lease-up. The property sits on a one-acre lot and is described as having no flood risk (Zone X). Fiber internet is available, and the setting is characterized as a quiet, established small-town environment in Borden, Indiana.

For operations, the property provides a straightforward configuration for an investor seeking in-place occupancy along with two units that may be renovated to support future leasing.

Key Highlights

• Five‑unit multifamily building totaling 3,720 rentable SF on a 1‑acre lot in Borden, IN
• Unit mix includes two 2‑bedroom/1‑bath units plus additional 1- and 2‑bedroom floor plans in single‑story construction
• Three of the five units are currently occupied and producing income; two units are available for renovation and lease‑up

Property Analytics

Property Profile Location Intelligence

FAQs

What type of property is this?

Apartment building - Five one- and two-bedroom units in single-story construction on a one-acre lot, with shared utilities and three units occupied.

Where is this apartment building located?

The property is located at Borden, IN.

What is the asking price?

The asking price for this property is $349,000.

What are key features of this property?

This property features: Five‑unit multifamily building totaling 3,720 rentable SF on a 1‑acre lot in Borden, IN; Unit mix includes two 2‑bedroom/1‑bath units plus additional 1- and 2‑bedroom floor plans in single‑story construction; Three of the five units are currently occupied and producing income; two units are available for renovation and lease‑up