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Property profile & analytics
OFF-MARKET
Commercial real estate

664 Hoppus Rd Warsaw, IN 46581

3,340 SF 2 ac lot
Property ID
US31-1599214
Property summary
AI-generated overview

This online auction presents a unique opportunity to acquire a 105-acre property in Kosciusko County, Indiana, concluding December 3rd, 2024, at 6:30 PM ET. The property includes six distinct tracts. Tract 1 features a 3,340 square foot, four-bedroom, two-bathroom country home with a 756 square foot attached garage. The home includes hardwood flooring and trim in select rooms, a main floor utility room, a decorative fireplace, and a spacious master bedroom. It also boasts central air, propane heating, an alarm system, a private well, and septic. An attached two-car garage leads to an atrium/mudroom and a wet bar area. A fenced area is also present. Tract 2 encompasses 17.56 acres with three barns (70x40, 12x24, and an older barn), and creek access. Tract 3 offers 5.9+/- acres with creek frontage. Tracts 4 and 5 consist of 30+/- and 21+/- acres of tillable farmland, respectively, generating approximately $10,500 in annual cash rent. Finally, Tract 6 includes 30+/- acres of recreational land featuring Muskellunge Lake frontage, two ponds (one stocked), a pavilion with a fireplace and bathroom, a playground, and established utilities. The property is being sold as-is. A 10% non-refundable down payment is due on auction day, with the remaining balance at closing. A new survey will be split between buyer and seller. The 2024 cash rent belongs to the seller. The seller will provide a warranty deed for title and owner's title insurance; title work will be split between buyer and seller. The farmer retains rights to his 2024 crops. All taxes will be prorated to the closing date. The auction will be held online, with an in-person bid center located at 302 E Section St, Claypool, IN.

Property profile
Verified
Property type Commercial real estate
Total area 3,340 SF
Lot 2 ac (87,120 SF)
UPID US31-1599214
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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