1661 Budd Rd Corydon, IN 47112
- Residential income homes
- 12,194 SF
Current Use by Public Records
- Residential income homes
Property Details for 1661 Budd Rd
- Year built
- 2012
- Property size
- 12,194 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a fully occupied portfolio of fourteen meticulously maintained apartments situated on Budd Road in Corydon, Indiana. Comprising seven duplex buildings constructed in 2012, this Class A property boasts a total of 12,194 square feet, offering an attractive price per square foot of $195.12. Each unit provides 871 square feet of living space, featuring two bedrooms, one bathroom, a living room, dining area, and a fully equipped kitchen. Residents enjoy the convenience of a one-car garage and two additional parking spaces per unit. The property benefits from a desirable R-3 zoning designation. All units are currently leased under one-year agreements, with tenants responsible for only water and electric bills, minimizing landlord maintenance responsibilities. This portfolio is ideally suited for investors seeking a stable, low-maintenance, high-occupancy investment in a peaceful, retiree-friendly community. The asking price for this turnkey investment is $2,379,300. Located at 1661 Budd Rd, Corydon, IN 47112, this property offers a compelling return on investment. The modern construction and well-maintained exterior further enhance its appeal.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Corydon
- County
- Harrison
- State
- Indiana
- Longitude
- -86.1375386
- Latitude
- 38.2257418
