105/107/110 Brewer Drive 1 & 2 Borden, IN $ 630,000
105/107/110 Brewer Drive 1 & 2
$ 630,000
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105/107/110 Brewer Drive 1 & 2

Borden, IN, 47106
$ 630,000
Bedrooms-- Baths--

Monthly Estimate*

$ 3,978

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Commercial Property for sale in Borden, IN

for $630,000.

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.

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Commercial Active

Price

$ 630,000

Property Type

Commercial

Taxes

$ 10,758

Style

Town/City

Borden

County/Region

Clark

MLS | Web ID

2026010171

Features
General
Township Wood
Unit Number 1 & 2
Property Subtype Multi Family
Additional Parcels Description 101600300025000036; 101600300033000036
County Clark
Property Type Commercial Sale
Status Active
Directions Hwy 60 to Borden. Duplex apartments located in front of Borden Ridge Subdivision and next to Borden High School.
City Borden
Lot Size Units Acres
Tax Annual Amount 10758
Property Condition Resale
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Multi Family Residential
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* Excluded Features
List By
Dave Gambol

Listing Agent

Simpler.Realestate

Broker

Dave@DaveGambolRealtor.com

Email

Affordability Calculator

$4,874
Per Month
82%
18%
0%
Monthly Principal & Interest
$3,978
Monthly Property Taxes
$897
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
8/27/2026$630,000 Listed Price

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105/107/110 Brewer Drive 1 & 2, Borden, IN, 47106 is a Commercial Property for sale at $630,000. The property's zip code is 47106 which is in Borden, IN