About 1957 E State Road 524
This fully updated 5-unit apartment strip sits on a sprawling 10-acre parcel and is 100% rented—offering instant income for savvy investors. The complex includes (2) one-bedroom units and (3) two-bedroom units, all modernized and well-maintained for long-term tenant retention. In addition to the apartments, the property features a spacious 3,136 sq ft home with 3-4 bedrooms, 3 full baths, and a 2-car attached garage with a full loft. With the right zoning approval, this home could easily be converted into a duplex, adding even more rental potential. But that’s not all—this property also includes multiple concrete pads perfect for campers, park models, or small trailers, opening the door for expanded income streams such as short-term rentals or seasonal tenants. Whether you're looking to diversify your portfolio, generate passive income, or expand into multi-unit or vacation rental markets, this property offers incredible potential and flexibility.
Features of 1957 E State Road 524
| MLS® # | 202529520 |
|---|---|
| Price | $642,500 |
| Bathrooms | 8.00 |
| Square Footage | 435,600 |
| Acres | 10.00 |
| Year Built | 1942 |
| Type | Commercial |
| Sub-Type | Hotel & Motel |
| Status | Active |
Community Information
| Address | 1957 E State Road 524 |
|---|---|
| Subdivision | None |
| City | Wabash |
| County | Wabash County |
| State | IN |
| Zip Code | 46992 |
Amenities
| Features | 220 Volts, Living Space |
|---|---|
| Parking | Gravel, Off-Street, Paved |
| Is Waterfront | No |
Interior
| Interior | Drywall |
|---|---|
| Heating | Forced Air, Propane Tank Owned |
| Cooling | Central Air, Multiple Cooling Units |
| # of Stories | 1 |
| Basement | Crawl, Partial Basement |
Exterior
| Exterior | Block, Vinyl |
|---|---|
| Lot Description | 10-14.9999 |
| Roof | Metal |
| Construction | No |
Additional Information
| Days on Market | 82 |
|---|---|
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Sarah Mast |
|---|---|
| Office | Real Broker, LLC |