Discover the incredible potential of this one-of-a-kind opportunity situated on approximately 3.73 scenic acres just 3 minutes from Cataract Marina and only moments from Cataract Falls, Lieber State Recreation Area, and I-70. Whether you're an investor looking for your next profitable project or a homeowner ready to build instant sweat… Read More equity, this property is packed with possibilities. Offering over 4,300 square feet, 5 bedrooms, 5 bathrooms, and an attached 3-car garage, the spacious layout provides an outstanding foundation for your vision. The home is being sold as-is and is ready for renovation, making it an excellent candidate for a rehab loan or experienced buyer looking to customize a property while building equity. The standout feature is the fully separate apartment complete with its own private entrance, garage, kitchen, living area, bedroom, bathroom, and laundry-creating an exceptional opportunity for multigenerational living, guest accommodations, long-term rental income, Airbnb potential, or a private home office. The ability to generate additional income while renovating or living on-site makes this property truly unique. Enjoy the peaceful setting with room to roam, entertain, garden, or simply relax while remaining just minutes from boating, fishing, kayaking, hiking, and some of Indiana's most beautiful outdoor recreation. With Cataract Marina only a short 3-minute drive away, weekend adventures are practically at your doorstep. (Realtor) Properties offering this much square footage, acreage, income-producing potential, and recreational access rarely become available at this price point. Whether you're planning to renovate and resell, build your investment portfolio, or create your dream country home with built-in rental income, this is an opportunity you won't want to miss. Bring your ideas, your contractor, and your imagination-this property's next chapter is waiting to be written! Read Less
Courtesy of Highgarden Real Estate, 317-366-4983.
Listing Snapshot
Days Online
11
Last Updated
Property Type
Single Family Residence
Beds
5
Full Baths
3
Partial Baths
2
Square Ft.
4,309
Lot Size
3.73 Acres
Year Built
1999
MLS Number
22116485
30 Days Snapshot Of 46120
$302k
-39%
(avg) sold price
3
-25%
homes sold
78
-50%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Acres: 3.73, MLS Acres: 3-5 Acres
Appliances & Equipment
Description: Electric Cooktop, Dishwasher, Down Draft, Electric Water Heater, Microwave, Oven, Electric Oven, Water Heater, Range Hood
Building
Area: 4309, Architecture: Traditional, Building Area: 4309, Construction Materials: Vinyl Siding, Levels: Two, One and One Half, Year Built: 1999
Cooling
Details: Central Air
Exterior Features
Features: Storage Shed
Garage
Garage Spaces: 3
Heating
Heating: Electric, Natural Gas, Baseboard
Laundry
Description: Laundry Room
Property
Description: Satellite Dish
Utilities
Water Source: Public
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The data relating to real estate for sale on this website comes courtesy of MIBOR REALTOR® Association as distributed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.”
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