2353 Rose Bud DrRichmond, IN 47374

Property Details for 2353 Rose Bud Dr

Lot size

9.98 AC

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 9.976-acre parcel presents a prime development opportunity in Richmond, Indiana's thriving suburban core. Zoned R-2, this land allows for medium-density single-family residential development, with the potential for up to 56 attached single-family condominium units. The property boasts 14 contiguous platted lots, established in 2002, and benefits from significant existing infrastructure, including four meter sits, building pads, sewer and water laterals, catch basins, and drainage systems. An existing HOA is in place, simplifying the development process. The site's location adjacent to the successful Smith Hill PUD, a development featuring 178 single-family homes priced between $250,000 and $600,000+, further underscores the high demand for new residential construction in this area. The project received approval from Richmond's Community Council on August 5th. While some site development remains, including the installation of approximately 500 feet of paved roads (Thorn Hill Ln & Rose Bud Dr) and clearing of overgrowth, the existing infrastructure significantly reduces development costs and timelines. This property is ideally suited for townhomes, senior living, build-to-rent (BTR), or single-family rental (SFR) projects. The property's address is 2353 Rose Bud Dr, Richmond, IN 47374, with APN 89-18-03-220-101.053-030. Wayne County location.

Location Insight

City

Richmond

County

Wayne

State

Indiana

Latitude

39.8256

Longitude

-84.8567

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