10870 Pr 570 Road, Poland, IN 47868
Local realty services provided by:Better Homes and Gardens Real Estate Connections



Listed by:beth neeley
Office:down home real estate & auction llc.
MLS#:202514818
Source:Indiana Regional MLS
Price summary
- Price:$750,000
- Price per sq. ft.:$1,153.85
- Monthly HOA dues:$45
About this home
MAKE THIS THE YEAR TO GO INTO THE RENTAL BUSINESS! 5 DUPEXES NEAR CATARACT LAKE WITH 10 UNITS ON OVER 6 ACRES, SOME OF WHICH BORDERS GOVERNMENT GROUND AND POSSIBLY MORE ROOM TO BUILD MORE DUPLEXES ON THIS PROPERTY! These could convert easily to 4BR 2BA homes but the rental income is there! Seller is currently remodeling units as tenants go out and raising rents to a reasonable amount. The need for rentals is ALWAYS THERE AND THIS IS DOWN BY THE LAKE! Go boating, fishing and swimming! The state boat dock launch ramp is down the road with a little country diner who had donuts and GREAT BISCUITS AND GRAVY last time I stopped. The 2 duplexes on State Hwy 42 are part of a HOA that a possibility of renting a boat dock if there was an opening. Rhetta Jeans at Poland for breakfast so East or West you got good food covered! I-70 is a great commute for Indy, Bloomington, Terre Haute and you get to be down by one of the most beautiful lakes in Indiana! Employment for your tenants can be found at the factories within 30 minutes away. Additional almost 4 acres can be bought that is adjacent to the duplexes for $65,000 and has the MOST BEAUTIFUL BUILDING SITE ON IT THAT THRU THE LEAVES YOU GET TO SEE THE LAKE BECAUSE IT BORDERS HARD TO FIND GOVERNMENT PROPERTY! Cataract water. Endeavor High Speed Fiber Internet! 2 Hardware stores with lumber within 15 minutes for project runs! This is the place to start your next investment!
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Home facts
- Year built:1986
- Listing Id #:202514818
- Added:108 day(s) ago
- Updated:August 14, 2025 at 03:03 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
- Full bathrooms:1
- Living area:650 sq. ft.
Heating and cooling
- Cooling:Window
- Heating:Baseboard, Electricity
Structure and exterior
- Year built:1986
- Building area:650 sq. ft.
- Lot area:6.02 Acres
Schools
- High school:Cloverdale
- Middle school:Cloverdale
- Elementary school:Cloverdale
Utilities
- Water:City
- Sewer:City
Finances and disclosures
- Price:$750,000
- Price per sq. ft.:$1,153.85
- Tax amount:$7,500
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