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$795,000
Est. payment /mo
0.35 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202609450
Construction Status Resale
Year Built 1949
Annual Tax Amount $2,724
Lot Size 0.350 Acres
Acres 0.35
Property Sub-Type Retail
Property Description
Excellent investment opportunity in the heart of Scottsburg! This fully leased 10-unit apartment complex is a turnkey asset offering immediate cash flow and long-term growth potential. Located on the highly visible corner of N Gardner Street and Lakeshore Drive, the property has been thoughtfully updated with recent renovations throughout the units, providing modern, comfortable living spaces that attract and retain tenants.
Residents enjoy ample parking, an efficient property layout, and a location that sets this investment apart. Just steps away is Lake Lola Park, featuring scenic walking trails around the lake, giving tenants convenient access to outdoor recreation and green space. The complex is also minutes from downtown Scottsburg, where dining, shopping, and everyday amenities are easily accessible.
With quick access to I-65, tenants benefit from convenient commuting options, helping support strong rental demand and low vacancy rates. Whether you're an experienced investor looking to expand your portfolio or searching for a low-maintenance multifamily property, this income-producing asset offers stability, location, and future upside in a growing market. Don't miss this opportunity to own a renovated, fully occupied apartment complex with proven performance.
Residents enjoy ample parking, an efficient property layout, and a location that sets this investment apart. Just steps away is Lake Lola Park, featuring scenic walking trails around the lake, giving tenants convenient access to outdoor recreation and green space. The complex is also minutes from downtown Scottsburg, where dining, shopping, and everyday amenities are easily accessible.
With quick access to I-65, tenants benefit from convenient commuting options, helping support strong rental demand and low vacancy rates. Whether you're an experienced investor looking to expand your portfolio or searching for a low-maintenance multifamily property, this income-producing asset offers stability, location, and future upside in a growing market. Don't miss this opportunity to own a renovated, fully occupied apartment complex with proven performance.
Location
State IN
County Scott
Direction I-65N to exit 29 East on McLain Ave to Gardner St (Hwy 31), left on Gardner, property on the right.
Interior
Fireplace No
Exterior
Present Use Retail
Building
Construction Status Resale
Others
Tax ID 0078330519
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Listed by eXp Realty, LLC
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