105/107/110 Brewer Drive #1 & 2, Borden, IN 47106

Borden
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
105/107/110 Brewer Drive #1 & 2,Borden, IN 47106
$630,000
  • 4 Beds
  • 2 Baths
  • 2,790 sq. ft.
  • Multi-family
  • Active
Listed by: dave gambol
Office: simpler.realestate
MLS#:2026010170
Source:IN_SIRA

Price summary

  • Price:$630,000
  • Price per sq. ft.:$225.81

About this home

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...

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Home facts

  • Year built:1997
  • Listing ID #:2026010170
  • Added:1 day(s) ago
  • Updated:August 27, 2026 at 03:20 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Bathrooms Description:Bath in Primary Bedroom
  • Kitchen Description:Eat-in Kitchen, Microwave, Oven, Range, Refrigerator
  • Bedroom Description:Main Level Primary
  • Living area:2,790 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Year built:1997
  • Building area:2,790 sq. ft.
  • Lot area:0.34 Acres
  • Architectural Style:One Story
  • Construction Materials:Brick, Frame
  • Exterior Features:Landscaping, Patio
  • Foundation Description:Slab
  • Levels:1 Story

Utilities

  • Water:Connected, Public

Finances and disclosures

  • Price:$630,000
  • Price per sq. ft.:$225.81
  • Tax amount:$13,716

Features and amenities

  • Appliances:Microwave, Oven, Range, Refrigerator
  • Laundry features:Laundry Closet, Main Level
  • Amenities:Ceiling Fans, Vaulted Ceiling, Window Blinds

Parking

  • Parking description:No Garage

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