105/107/110 Brewer DR #1 & 2, Borden, IN 47106
105/107/110 Brewer DR #1 & 2, Borden, IN 47106
105/107/110 Brewer DR #1 & 2, Borden, IN 47106
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Shawne Mardis

Shawne Mardis

+1(502) 649-6720
$630,000
Est. payment /mo
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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 2026010171

Construction Status Resale

Annual Tax Amount $10,758

Property Sub-Type Multi Family

Property Description

Rare 3-duplex (6-unit) income portfolio in Borden, IN — offered as a single package only, not available individually. 105, 107 & 110 Brewer Dr, Borden, IN 47106 sit on three platted lots in Borden Ridge Subdivision, directly across from Borden Community Park and adjacent to Borden Elementary & Borden-Henryville Jr./Sr. High School. Built 1999-2000 by local builder Don Thieneman/SDR Development — newer construction than most competing multi-family stock in Clark/Floyd County. All six 2BR/1BA units (approx. 930 sf each, 5,580 sf total) are 100% leased. Current in-place rent totals $6,050/month ($72,600/year gross income), reflecting approx. 6.3% cap rate at the $630,000 asking price. Ownership's active rent-up program is already resetting units to $1,200/month as leases turn, with a documented path to $86,400/year stabilized gross rent by mid-2027. Each unit offers vaulted family-room ceilings, first-floor laundry closet, covered porch, private patio, and individual storage shed; public water/sewer, central air. All parcels are Flood Zone X. Properties are turnkey and consistently maintained - current property manager is willing to continue services for a new owner. Ideal for a 1031 exchange or portfolio investor seeking immediate cash flow, ~25 minutes from Louisville, KY. Seller will not divide portfolio.

Location

State IN

County Clark

Direction Hwy 60 to Borden. Duplex apartments located in front of Borden Ridge Subdivision and next to Borden High School.

Interior

Fireplace No

Exterior

Present Use Multi-Family,Residential,Single Family

Building

Construction Status Resale

Others

Tax ID 101600300026000036

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Listed by simpler.realestate
Shawne Mardis

"I have spent nearly 2 decades becoming an expert in Southern Indiana market trends and influences. Now, I'll put my considerable market background to work for you, helping you to identify the best deals, and price your home accurately to assure a quick sale, while maximizing profit. "

+1(502) 649-6720

smardis@movingwithmardis.com

8610 Chapel Hill Court, Charlestown, Indiana 47130, USA

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