0 Wintergreen Dr New Carlisle, IN 46552
This exceptional 16.52-acre parcel presents a prime opportunity for residential development in New Carlisle, Indiana. Located just north of Wintergreen Meadows Subdivision, this property boasts a picturesque landscape of rolling terrain and partial wooded areas, attracting abundant wildlife. The land is currently vacant and platted, offering flexibility for various development plans. City water and sewer services are readily available at the site. The property is zoned for residential use, allowing for the construction of single-family homes. Furthermore, the seller is open to dividing the land into two parcels, creating optimal homesites. Alternatively, with appropriate rezoning, this expansive lot could also be suitable for multi-family dwellings or villa-style developments. Access is provided via a county road. No outbuildings are present. All necessary permits will be required for any development project. Financing options include cash, contract, conventional loans, and FMHA/USDA loans, with owner-assisted financing also a possibility. The property's APN is 71-01-35-176-001.00. This is a truly unique opportunity to acquire a substantial piece of land in a desirable location. The asking price for this remarkable property is $644,280.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.