• For Sale
  • Multi Family · 4 Units

5587 E US Highway 40 Greenfield, IN 46140 Get directions

$210,000
9 Beds 6 Baths 175,939 Sq. ft. Lot
  • Age 54 Years
  • MLS# 21654695
  • Listed 24 Days Ago

Overview

Unique opportunity to own a duplex plus 2 single family homes on adjoining lots. One of the single family homes was previously a 2 unit and it could easily be restored to that condition. SO 5 incomes PLUS there are 3 acres behind the buildings that can be leased to a farmer for a 6TH INCOME! Currently the duplex and one single family home are leased for $700, $550 and $625. The larger single family home is currently owner occupied but could generate $1100 per month is restored to a 2 unit. Rents are currently under market so an owner could generate over $3200 in gross income.

Features

Bedrooms

  • Bedrooms: 9

Appliances

  • Laundry Facilities: Connections Some

Bathrooms

  • Full Bathrooms: 6

Land Info

  • Lot Description: Lot Information: Rural No Subdivision, Tree Mature
  • Lot Size Acres: 4.039
  • Lot Size Dimensions: 4.510

Exterior and Lot Features

  • Road Access: HwyUS
  • Road Frontage Type: HwyUS
  • Road Surface Type: Asphalt
  • Lot Size Square Feet: 175939

Garage and Parking

  • Parking Features: Unit Parking: Parking Lot, Paved Area, Unpaved

Homeowners Association

  • Association: No
  • Calculated Total Monthly Association Fees: 0

Multi-Unit Info

  • Number of Units: 4
  • Bedrooms in Unit-1: 3
  • Bedrooms in Unit-2: 3
  • Bedrooms in Unit-3: 1
  • Bedrooms in Unit-4: 2
  • Total Bathrooms in Unit-1: 2
  • Total Bathrooms in Unit-2: 1
  • Total Bathrooms in Unit-3: 1
  • Total Bathrooms in Unit-4: 2
  • Unit-1 Description: ClCntrlAir, FuelGas, HeatForced, HotWtrGas
  • Unit-2 Description: ClCntrlAir, FuelGas, HeatForced, HotWtrGas
  • Unit-3 Description: HotWtrGas
  • Unit-4 Description: ClCntrlAir, FuelGas, HeatForced, HotWtrElec

School Information

  • School District: Eastern Hancock County

Rental Info

  • Tenant Pays: Electric, Gas, Insurance Renters

Amenities and Community Features

  • Community Features: Driveway Asphalt, Driveway Gravel, Storage Shed

Other Property Info

  • Annual Tax Amount: 3092
  • Source Listing Status: Active
  • County: Hancock
  • Current Use: CommMulTen
  • Directions: East on US 40 from Greenfield to property.
  • Tax Year: 2018
  • Source Property Type: Multi-Family
  • Possible Use: CommMulTen, Resident
  • Area: 3004 - Hancock - Jackson
  • Source Neighborhood: 3004 - Hancock - Jackson
  • Parcel Number: 300736400010003011
  • Township: Jackson
  • Property Subtype: 1-4 Units Residential
  • Source System Name: C2C

Building and Construction

  • Year Built: 1965
  • Building Exterior Type: Concrete Block, Wood
  • Foundation Details: Crawl, Slab
  • Property Age: 54
  • Roof: Single & Flat
  • House Style: Other, TraditonalAmerican

Nearby Schools

Rating School Grades Distance
6 Eastern Hancock Elementary School K-5 5.3 mi
7 Eastern Hancock Middle School 6-8 5.3 mi
8 Eastern Hancock High School 9-12 5.2 mi
NA Academy at Greenfield Park Private School K-12 4.1 mi

School data provided by National Center for Education Statistics, Maponics, and GreatSchools. Intended for reference only. GreatSchools Ratings compare a school’s test performance to statewide results. To verify enrollment eligibility, contact the school or district directly.

Neighborhood

Property History for 5587 E US Highway 40

Property Price

Date Event Price Price / Sq ft Source
2019-07-30 Listed $210,000 Indianapolis
2018-06-20 Listing removed $220,000 Indianapolis
2018-03-20 Price Changed $220,000 Indianapolis
2018-02-16 Price Changed $230,000 Indianapolis
2017-10-05 Price Changed $232,000 Indianapolis
2017-08-17 Listed $237,000 Indianapolis

The price and tax history data is obtained from public records and/or MLS feeds from local jurisdiction. Contact your REALTOR® directly in order to obtain the most up-to-date information available.

  • 5587 E US Highway 40 Greenfield, IN 46140 $210,000
  • 9 beds 6 Baths 175,939 Sq. ft. Lot

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