0 29+/- Acre Tranquil Project Home & Private Lk Raysville, IN 46148
This exceptional 29+/- acre property in Henry County, Indiana, presents a unique investment opportunity. The centerpiece is a project home situated on a serene 5+/- acre man-made lake. Two barns enhance the property's versatility; one features a three-car garage and electricity, while the other is under conversion into a barndominium, currently possessing electricity and a single-car garage, but requiring plumbing and finishing. The expansive 24+/- acres of pastureland offer ample space for various agricultural or recreational uses, such as livestock or equestrian activities. The lake, once stocked, will provide excellent fishing opportunities. The property's blend of natural beauty, functional outbuildings, and potential for customization makes it ideal for creating a personalized rural retreat, hobby farm, or other commercial venture. Located near Knightstown, Indiana, with easy access via 46148 zip code, this property offers a tranquil setting with significant potential for development and enjoyment. The asking price is $439,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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