For Sale
$2,379,300

1661 Budd Rd Corydon, IN 47112

14-Unit Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
133
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.

Highlights

  • 871 sq ft apartments, each with 2 bedrooms, 1 bath, living room, dining area, and kitchen.
  • 2012 construction.
  • R-3 zoning.
  • Ample parking: one-car garage plus two additional spaces per unit.
  • Well-maintained exterior.

Property Details for 1661 Budd Rd

Property type
Residential income homes
Square Feet
12,194 SF
Class
A
Year Built
2012
Buildings
7
Units
14

Location Insight

City
Corydon
County
Harrison
State
Indiana
Latitude
38.2257418
Longitude
-86.1375386

FAQs

What type of property is this?
Residential income home - 14-Unit Multifamily Investment
Where is the residential income home located?
The property is located at 1661 Budd Rd Corydon, IN.
What is the asking price?
The asking price for this property is $2,379,300.
What are key features of this property?
This property features: 871 sq ft apartments, each with 2 bedrooms, 1 bath, living room, dining area, and kitchen.; 2012 construction.; R-3 zoning.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1661 Budd Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message