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Property profile & analytics

5095 Us Highway 50 Butlerville, IN 47223

  • Warehouses
  • 1,500 SF
  • 1.25 lot acres
For Sale
Last Sale
May 04, 2023
$178,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US31-1347133
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Warehouses

Property Details for 5095 Us Highway 50

Year built
1995
Construction
WOOD
Lot size
1.25 lot acres
Property size
1,500 SF
Property type
Warehouses
Property subtype
Self storage facilities
APN
40-08-22-300-027.000-002
APU
400822300027000002

Description

This exceptional investment opportunity is situated on 1.25 acres of land along the heavily trafficked US Highway 50, just east of North Vernon in Butlerville, Indiana. The property boasts thirteen storage units, totaling approximately 1500 square feet, providing a consistent income stream. In addition to the storage units, the property includes a partially remodeled apartment. This apartment offers approximately 960 square feet of living space and is configured as a four-bedroom, one-bathroom unit. Significant updates have already been completed on the apartment, presenting a strong foundation for a rental property or personal residence. The property is being sold "as-is" at closing. This presents a unique chance to acquire a multi-faceted investment property in a prime location with high visibility and significant potential for return. The combination of income-generating storage units and a spacious apartment makes this an attractive opportunity for investors seeking diverse revenue streams. The substantial lot size offers potential for future expansion or development. This is a turnkey investment ready for immediate income generation and further enhancement. Don't miss this chance to own a piece of prime commercial real estate in a thriving area.


Value Estimations

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  • CAP approach

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Location Insight

  • Map
  • Local Demand
City
Butlerville
County
Jennings
State
Indiana
Longitude
-85.5176
Latitude
39.0321
CBSA code
35860
CBSA name
NORTH VERNON, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$904
$15,000
$35,400
$50,400
-
$15,000
$35,400
$50,400
More about this property
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