PRICE REDUCED! Come see this impressive property on the edge of Jasper City limits! Surrounded by several large residential developments, this property sits in the desirable Jasper School District and offers incredible development potential. Once a legitimate working grain and livestock farm, this property has several outbuildings that have been re-purposed as storage units, netting the owners a nice income stream in their retirement. At nearly 15 acres and with 6+ acres to mow, this property offers an unusual amount of space and privacy compared to its neighbors. Built in 1959, the 3BD/2BA brick ranch with a walkout basement has been wet-kept and offers nearly 3000 Sq ft of finished living space. An impressive view from the screen-in side porch overlooks the small pond and expansive ag fields below. A canning kitchen in the walkout basement, along with a full bath, provides the opportunity to turn this home into a multi-unit rental, each with a dedicated entrance. If development is on your mind, we feel there could potentially be up to 6 additional homesites available on the property ranging from 3/4 acre to 2.5 acres. With area subdivision lots selling for $40K-$60K+/Ac, there is conservatively $500K in prime building lot acreage here. Jasper is one of the few communities in Southern Indiana that has seen consistent growth through the pandemic and shows no signs of slowing. In fact, just on the other side of the sub-division this property backs up to, there is another 300-unit residential development going in right now! Demand for this type of residential development acreage is at an all-time high in this community. Whether you're an individual or a contractor/builder, if you've been searching for a great investment property that has the potential to be an absolute home run, give us a shout today!
3Bd/2BA 2940Sq Ft Brick Ranch w/Walkout Basement
1/8 ac spring-fed pond
Multiple outbuildings with proven income
Unincorporated/Outside City Limits
Desirable Jasper School District
Residential Development potential
Over 1300’ of county road frontage
The information contained herein is deemed reliable but is not warranted or guaranteed by the Broker, its Agents, or the Seller. Access to property, access to utilities, or any measurements including but not limited to, acreage, square footage, frontage, and mapping boundary lines shared herein has not been independently verified and is for purposes of marketing only. If exact measurements, access to property, or access to utilities is a concern, the property should be independently measured or investigated by the prospective buyer.
Buyer’s agents must be identified on the first contact with Broker/Agents and must accompany the buyer on showings to receive full fee participation. Otherwise, the fee participation will be at the sole discretion of the Broker and Whitetail Properties Real Estate, LLC.