UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,790 sqft
Price per Sqft $225
MLS Listing ID 2026010170
Style One Story
Bedrooms 4
Full Baths 2
Abv Grd Liv Area 2,790
Year Built 1997
Annual Tax Amount $13,716
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type Duplex
Property Description
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. FYI, Other Income Properties For Sale as well. Call Listing agent for more details.
Location
State IN
County Clark
Zoning Residential
Direction Hwy 60 to Borden. Duplex apartment located in front of Borden Ridge Subdivision and next door to Borden High School.
Interior
Interior Features Ceiling Fan(s), Eat-in Kitchen, Bath in Primary Bedroom, Main Level Primary, Vaulted Ceiling(s), Window Treatments
Heating Forced Air
Cooling Central Air
Fireplace No
Window Features Blinds
Appliance Microwave, Oven, Range, Refrigerator
Laundry Laundry Closet, Main Level
Exterior
Exterior Feature Landscaping, Patio
Parking Features No Garage
Water Access Desc Connected,Public
Street Surface Paved
Porch Patio
Building
Dwelling Type Duplex
Entry Level One
Foundation Slab
Water Connected, Public
Architectural Style One Story
Level or Stories One
New Construction No
Others
Tax ID 101600300026000036
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
"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. "
8610 Chapel Hill Court, Charlestown, Indiana 47130, USA
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