105/107/110 Brewer Drive 1 & 2
Borden, IN, 47106 $ 630,000
Bedrooms4 Baths2.0 Sq 2,790 Monthly Estimate*
$ 3,978
for $630,000 with 4 bedrooms and 2 full baths. This 2,790 square foot home was built in 1997 on a lot size of 0.34.
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.
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FeaturesGeneralHeating Forced Air
Cooling Central Air
Possession Close Of Escrow
Appliances Microwave Oven Range Refrigerator
Zoning Residential
Patio/Porch Features Patio
Architectural Style One Story
Construction Materials Brick Frame
Year Built 1997
Stories Count 1
Township Wood
Levels One
Unit Number 1 & 2
Property Subtype Duplex
Additional Parcels Description 101600300025000036 101600300033000036
County Clark
New Construction false
Property Type Residential
HOA false
Garage Y/N false
Total Rooms 6
Full Baths 2
Status Active
Directions Hwy 60 to Borden. Duplex apartment located in front of Borden Ridge Subdivision and next door to Borden High School.
City Borden
Zoning Description Residential
Lot Size Units Acres
Lot Size Square Feet 14810.4
Listing Terms Cash Conventional Other
Tax Annual Amount 13716
Lease Considered Y/N false
Structure Type Duplex
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Residential
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InteriorInterior Amenities Ceiling Fan(s) Eat-in Kitchen Bath in Primary Bedroom Main Level Primary Vaulted Ceiling(s) Window Treatments
Basement (Y/N) false
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds
Fireplace Y/N false
Above Grade Finished Area 2790
Half Baths 0
Laundry Features Laundry Closet Main Level
Total Bedrooms 4
Below Grade Finished Area 0
Total Baths 2
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ExteriorExterior Amenities Landscaping Patio
Parking Features No Garage
Water Source Connected Public
Lot Size Area 0.34
Foundation Details Slab
Building Area Total 2790
Lot Dimensions 90' x 202' x 158' x 96'
Lot Size Acres 0.34
Road Surface Type Paved
Lot Size Source Assessor
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* Excluded FeaturesList ByDave@DaveGambolRealtor.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,978
- Monthly Property Taxes
- $1,143
- 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.
Learn more about how to save NearbyMulti-family listings in Borden, IN
Average List Price $630,000
Percent of Sale Price 0%
About Borden, IN 974 Population
11% Since 2002
$ 63,145 Median Income
41.92 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/27/2026 | $630,000 | | Listed Price |