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Property profile & analytics
OFF-MARKET
Residential income homes

1661 Budd Rd Corydon, IN 47112

12,194 SF Built 2012
Property ID
US31-1815361
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Residential income homes
Year built 2012
Total area 12,194 SF
UPID US31-1815361
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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