Income Producing w/Hunting!
28.397 acres located on highway 27 behind Villa Capri apartments. Approximately 19+/- acres wooded and 9+/- acres that is grass and brush land. Seller is willing to divide. 19+/- acres in the city, zoned R-3 multi-family and the 9+/- acres to the South zoned RS-1 suburban residential (potential building site). City water and sewer available. Great frontage on US 27 and access through Villa Capri apartments. The South 9+/- acres access via 25' ingress/egress easement off of 27 (this parcel could make an excellent building site). The North 19+/- acres has several sources of income including: the Villa Capri playground is located on the property and is paying $1, 000 per year, their are 3 sign billboards generating $2, 000 per year (seller is not charging for third, so more potential income), Seller also leases for hunting at $500 per year. An excellent property with many opportunities. See...
28.397 acres located on highway 27 behind Villa Capri apartments. Approximately 19+/- acres wooded and 9+/- acres that is grass and brush land. Seller is willing to divide. 19+/- acres in the city, zoned R-3 multi-family and the 9+/- acres to the South zoned RS-1 suburban residential (potential building site). City water and sewer available. Great frontage on US 27 and access through Villa Capri apartments. The South 9+/- acres access via 25' ingress/egress easement off of 27 (this parcel could make an excellent building site). The North 19+/- acres has several sources of income including: the Villa Capri playground is located on the property and is paying $1, 000 per year, their are 3 sign billboards generating $2, 000 per year (seller is not charging for third, so more potential income), Seller also leases for hunting at $500 per year. An excellent property with many opportunities. See attached survey and aerial views.
FEATURES
# Pasture Acres: 9.32
Property Type: Residential Lots & Land
Road Access: State
Road Frontage: State
Road Surface: Paved
Sale/Rent: For Sale
School District: East Allen County
Sewer Type: City
Sub Type: Residential Land
Township: Adams
Type Use: Residential
Water Utility: City
Zip Code: 46816
Parcel Description: Heavily Wooded, Irregular
Options: Will Divide
Middle School: Heritage
# Wooded Acres: 19.07
Acres: 28.3970
Approx. Lot Size Sqft: 1236973
Can Property Be Divided?: Yes
County/Area: Allen County
Easements: Yes
Electricity Type: Available
Elementary School: Heritage
Fuel Type: Available
High School: Heritage
Listing Status: Active
Location: City, Suburb
Zoning: R-3 Multi-Family Residential, Multi-Fami
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