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$ 642,500
Est. payment /mo
Active
1957 E State Road 524 Wabash, IN 46992
10 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel & Motel
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202529520
Year Built 1942
Annual Tax Amount $3,022
Tax Year 2025
Lot Size 10.000 Acres
Property Sub-Type Hotel & Motel
Property Description
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.
Location
State IN
County Wabash County
Area Wabash County
Direction Take Highway 24 east from State Road 13, turn right onto State Road 524. Property is on the right.
Interior
Flooring Part Carpet, Vinyl
Appliance Building
Exterior
Roof Type Metal
Building
Story 1
New Construction No
Others
Financing Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202529520
IDX information provided by the Indiana Regional MLS
Listed by Sarah Mast • Real Broker, LLC