Are you looking for a unique investment opportunity in Indiana? Look no further than this incredible Indiana investment property for sale. Situated in Floyd County, this property offers 60.01 acres of land, including two homes with stunning views of the downtown Louisville skyline.
What sets this property apart is its secluded, park-like setting. Surrounded by nature, this private oasis provides a tranquil escape from the hustle and bustle of everyday life, while still being conveniently located near all the amenities you need. Additionally, with close access to the Sherman Minton Bridge, commuting to nearby areas is a breeze.
The two homes on this property are currently being used as rental properties, making it an excellent opportunity for those interested in generating steady income. The first home, 4259 Stone Mountain, was built in 1996 and features two bedrooms, one bathroom, and a front entry. It also boasts a spacious 2-car, 30×30 attached garage. This home is currently rented for $1,800 per month, with the seller covering the cost of water and the tenant responsible for all other utilities.
The second home, 4261 Stone Mountain, was built in 1989 and offers two bedrooms and two bathrooms. It includes a detached 2-car, 24×30 garage and is currently rented for $2,000 per month. Both homes provide comfortable living spaces and are sure to attract tenants who appreciate the beautiful surroundings and convenient location.
In addition to the two homes, this expansive property still has plenty of room for further development. With a couple of potential building sites, you have the opportunity to create your dream home in this picturesque setting. Imagine waking up each morning to breathtaking views and enjoying the serenity of nature right at your doorstep.
This is a truly unique opportunity that is hard to come by in Southern Indiana. The property offers a Gatlinburg-like ambiance, combining the beauty of nature with the convenience of modern living. Whether you are an investor looking to generate rental income or someone searching for the perfect spot to build your dream home, this Indiana investment property is a must-see.
Don’t miss out on this once-in-a-lifetime chance to own 60.01 acres of park-like land, complete with two homes and breathtaking views. Inquire now to secure this extraordinary Indiana investment property and start enjoying the best of both worlds – the tranquility of nature and the excitement of city living.
4259/4261 Stone Mountain, New Albany, IN 47150
Indiana Investment Property For Sale: Tenant Rights – Unlocking the Potential of a Long-Term Tenant
Investing in real estate is a proven strategy for creating wealth and generating passive income. One lucrative option for investors is purchasing rental properties, and today we shine a spotlight on an exciting opportunity: an Indiana investment property for sale with a long-term tenant in place, currently paying $600 per month. This property boasts significant upside potential for astute investors looking to maximize their returns.
One of the most enticing features of this investment opportunity is the presence of a long-term tenant. Having a reliable and consistent tenant in place offers numerous advantages, including a steady stream of rental income and reduced vacancy risk. It eliminates the need for marketing the property, screening potential tenants, and dealing with the potential headaches of turnovers. With this property, an investor can dive straight into the financial benefits of rental income without the initial legwork.
Currently generating $600 per month, this property’s rental income is a solid foundation. However, the true allure lies in the potential for growth. As an investor, you have the opportunity to explore various avenues to increase the property’s earning potential. This could involve implementing strategic renovations or upgrades to attract higher-paying tenants or increasing rent gradually in line with market rates.
Indiana’s rental market offers a favorable environment for investors. The state’s relatively low cost of living, compared to neighboring states, attracts a steady influx of renters seeking affordable housing options. Furthermore, Indiana’s business-friendly climate and growing job market contribute to a stable rental demand. These factors create a fertile ground for investors to capitalize on their investment and yield enticing returns.
Before diving headfirst into this investment opportunity, it is crucial to understand the rights and responsibilities involved in owning a rental property in Indiana. Familiarizing yourself with tenant rights is essential to ensure a smooth and successful investment journey. Indiana law provides a framework for both landlords and tenants to coexist harmoniously.
As a landlord, it is vital to respect your tenant’s rights. This means promptly addressing maintenance issues, providing a safe and habitable living environment, and adhering to fair housing laws. By upholding your responsibilities, you can foster a positive relationship with the tenant, leading to longer tenancies and reduced turnover.
On the other hand, understanding your own rights as a landlord is equally important. Indiana law allows landlords to charge a security deposit, conduct regular inspections, and terminate a lease agreement for various reasons, such as non-payment of rent or lease violations. Familiarizing yourself with these rights ensures that you can protect your investment and maintain a profitable venture.
Investing in this Indiana property presents an exciting opportunity for investors to enter a stable and growing rental market. With a long-term tenant in place, currently paying $600 per month, the foundation for generating immediate income is already established. By exploring avenues to increase the property’s upside potential, such as renovations or gradual rent increases, investors can further maximize their returns.
To ensure a successful investment journey, it is crucial to understand the rights and responsibilities involved in owning a rental property. Respecting tenant rights and understanding your own rights as a landlord is essential for maintaining a positive and profitable relationship with tenants.
Don’t miss out on this Indiana investment property for sale. Seize the opportunity to unlock the potential of a long-term tenant and embark on a path to financial success in the lucrative world of real estate investment.
2060 Phenie Street, Fort Wayne, IN 46802