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Kegan Inman

Inman Realty Company LLC

kegan@inmanrealty.com +1(812) 798-0204

Listed by Ashley Wright • Three Seventeen Collective

$ 280,000

Est. payment | -/mo

5 Beds

5 Baths

4,309 SqFt

Save

$ 280,000

Est. payment | -/mo

Save

5 Beds

5 Baths

4,309 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,309 sqft

Price per Sqft $64

Subdivision No Subdivision

MLS Listing ID 22116485

Bedrooms 5

Full Baths 3

Half Baths 2

HOA Y/N No

Year Built 1999

Tax Year 2025

Lot Size 3.730 Acres

Acres 3.73

Property Sub-Type Single Family Residence

Property Description

Discover the incredible potential of this one-of-a-kind opportunity situated on approximately 3.73 scenic acres just 3 minutes from Cataract Marina and only moments from Cataract Falls, Lieber State Recreation Area, and I-70. Whether you're an investor looking for your next profitable project or a homeowner ready to build instant sweat equity, this property is packed with possibilities. Offering over 4,300 square feet, 5 bedrooms, 5 bathrooms, and an attached 3-car garage, the spacious layout provides an outstanding foundation for your vision. The home is being sold as-is and is ready for renovation, making it an excellent candidate for a rehab loan or experienced buyer looking to customize a property while building equity. The standout feature is the fully separate apartment complete with its own private entrance, garage, kitchen, living area, bedroom, bathroom, and laundry-creating an exceptional opportunity for multigenerational living, guest accommodations, long-term rental income, Airbnb potential, or a private home office. The ability to generate additional income while renovating or living on-site makes this property truly unique. Enjoy the peaceful setting with room to roam, entertain, garden, or simply relax while remaining just minutes from boating, fishing, kayaking, hiking, and some of Indiana's most beautiful outdoor recreation. With Cataract Marina only a short 3-minute drive away, weekend adventures are practically at your doorstep. (Realtor) Properties offering this much square footage, acreage, income-producing potential, and recreational access rarely become available at this price point. Whether you're planning to renovate and resell, build your investment portfolio, or create your dream country home with built-in rental income, this is an opportunity you won't want to miss. Bring your ideas, your contractor, and your imagination-this property's next chapter is waiting to be written!

Location

State IN

County Putnam

Rooms

Main Level Bedrooms 1

Interior

Interior Features Attic Access, Breakfast Bar, Eat-in Kitchen, Walk-In Closet(s)

Heating Electric, Natural Gas, Baseboard

Cooling Central Air

Equipment Satellite Dish

Fireplace N

Appliance Electric Cooktop, Dishwasher, Down Draft, Electric Water Heater, Microwave, Oven, Electric Oven, Water Heater, Range Hood

Exterior

Exterior Feature Storage Shed

Garage Spaces 3.0

View Y/N true

Water Access Desc Public

View Trees/Woods

Building

Story Two, One and One Half

Foundation Crawl Space

Water Public

Architectural Style Traditional

Structure Type Vinyl Siding

New Construction false

Schools

School District Cloverdale Community Schools

MORTGAGE CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

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Inman Realty Company LLC

+1(812) 847-1234 | contact@inmanrealty.com

10580 S State Road 243 Cloverdale, IN 46120