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7028 E Heritage Drive Pierceton, IN 46562-9760
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Key Details
Sold Price $1,800,000
Property Type Condo
Sub Type Apartment Complex
Listing Status Sold
Purchase Type For Sale
Square Footage 18,357 sqft
MLS Listing ID 202528244
Sold Date 09/25/25
Style One Story
Bedrooms 47
Full Baths 24
Half Baths 1
Abv Grd Liv Area 18,357
Total Fin. Sqft 18357
Year Built 1976
Annual Tax Amount $11,856
Tax Year 2025
Lot Size 6.000 Acres
Property Sub-Type Apartment Complex
Property Description
* POTENTIAL PARTIAL SELLER FINANCING! * An exceptional investment opportunity awaits with this well-maintained 24-unit apartment complex situated on a sprawling 6-acre lot in charming Pierceton, IN. Comprised of 12 duplexes, the property features twenty-three 2 bed / 1 bath units and one 1 bed / 1 bath unit, offering a total rental income of $19,440/month, with 23 units currently leased. Income can easily be brought up through multiple avenues! Each unit includes off-street parking for two cars, and tenants pay their own gas and electricity—keeping overhead low. A separate building provides on-site laundry facilities with coin-operated machines, a garage, and dedicated storage space, generating additional income potential and convenience for tenants. Ideally located near Pierceton Skate Park, Forest Ridge Family Campground, and just 15 minutes from Downtown Warsaw, this property offers the perfect balance of peaceful living with quick access to nearby amenities. Also very strong medical employers in close proximity allowing for strong tenant base! Whether you're expanding your portfolio or seeking a high-performing multifamily asset, this turnkey complex delivers stable cash flow, long-term growth, and rare scale in a desirable setting.
Location
State IN
County Kosciusko County
Area Kosciusko County
Direction Enter address into Google Maps.
Rooms
Dining Room 0
Interior
Flooring Carpet, Vinyl
Appliance Business, Land, Lease
Laundry , 48
Exterior
Exterior Feature Laundry Facilities
Garage Spaces 1.0
Amenities Available Water Heater Gas
Waterfront Description Pond
Roof Type Asphalt,Metal,Shingle
Total Parking Spaces 48
Building
Lot Description Level
Story 1
Structure Type Asphalt,Shingle,Vinyl
New Construction No
Schools
Elementary Schools Pierceton
Middle Schools Whitko
High Schools Whitko
School District Whitko
Others
Financing Cash,Other
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IDX information provided by the Indiana Regional MLS
Bought with Scott Gingerich • The Gingerich Group
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