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27
  • Property Type
  • Duplex, Residential
  • 4
  • Bedrooms
  • 2
  • Bathrooms
  • 2790 Sqft
  • Area Size
  • 0.34 Acres
  • Land Area
  • 1997
  • Year Built
  • simpler.realestate
  • Office Name
105/107/110 Brewer Drive 1 & 2, Borden, Indiana 47106
  • $630,000

Description

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 shed; public water/sewer, central air. All parcels are Flood Zone X. Properties are turnkey and consistently maintained – current property manager is willing to continue services for a new owner. Ideal for a 1031 exchange or portfolio investor seeking immediate cash flow, ~25 minutes from Louisville, KY. Seller will not divide portfolio. FYI, Other Income Properties For Sale as well. Call Listing agent for more details.

  • Address: 105/107/110 Brewer Drive
  • City: Borden
  • State/county: IN
  • Zip/Postal Code: 47106

Details

Updated on August 27, 2026 at 1:45 pm
  • Property ID HZ2026010170
  • Price $630,000
  • Property Size 2790 Sqft
  • Land Area 0.34 Acres
  • Bedrooms 4
  • Rooms 6
  • Bathrooms 2
  • Garage Size x x
  • Year Built 1997
  • Property Type Duplex, Residential
  • Property Status Active
  • MLS# 2026010170
  • Agent Name Dave Gambol


Listing courtesy of Dave Gambol MLS # 2026010170

Listing information is provided by Participants of the Southern Indiana REALTOR Association MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Southern Indiana REALTOR Association MLS.

eXp Realty Indiana | Jason Engle, State Broker | 9465 Counselors Row Ste. 200 Indianapolis, IN 46240 | 888-611-3912 | IN.Broker@exprealty.net

Data last updated at: August 27, 2026 at 1:45 pm

Additional details

  • Listing Terms Cash, Conventional, Other
  • Cooling Central Air
  • Heating Forced Air
  • County Clark
  • Property Type Residential
  • Parking No Garage
  • Architectural Style One Story

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IDX information is provided by the Indiana Regional MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Indiana Regional MLS.
eXp Realty Indiana | Jason Engle, State Broker | 107 N State Road 135, Suite 101-5, Greenwood, IN 46142 | 888-611-3912 | IN.Broker@exprealty.net

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