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Listed by Danielle Stiles • The Modglin Group
$ 420,000
Est. payment /mo
Open Sun 12PM-2PM
7591-7593 N Old S R 67 Mooresville, IN 46158
1.26 Acres Lot
Open House
Sun Aug 23, 12:00pm - 2:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22119730
Year Built 1978
Tax Year 2025
Lot Size 1.260 Acres
Acres 1.26
Property Sub-Type Triplex
Property Description
OPEN HOUSE AUGUST 23rd 12 NOON - 2 PM!! Charming Tri-Level Log Cabin with Income-Producing Potential in Mooresville! Unique investment opportunity just outside of Brooklyn in the Martinsville school district! This Cabin sits on a spacious corner lot surrounded by mature trees, offering plenty of shade, wrap around porches for privacy, and outdoor space for entertaining. The gravel driveway provides ample parking, with space for approximately two vehicles per unit. The property is currently configured as three separate living units, each offering its own kitchen and laundry hookups, creating an excellent opportunity for an investor seeking multiple income streams or a buyer looking for flexible multi-generational living. Unit 1 which is on the main floor has original stairs to second floor walled off; however, these can be removed and reconfigured back one larger two story living space. Unit 1, features 4 bedrooms and 1 bath, with two separate entrances into the living space and its own private porch area. Unit 2, located on the second level, offers 3 bedrooms, 1 bathroom, and spacious kitchen. Unit 3 is accessed from the second level and continues upward into the home's top tri-level, where you'll find a spacious open-concept living room and kitchen, 3 bedrooms, and 1.5 baths. Conveniently located approximately 10 minutes from Mooresville, 13 minutes from Martinsville, and 35 minutes from Downtown Indianapolis, this property offers a unique combination of character, location, rental potential, and flexibility. Units 2 and 3 are currently leased, providing immediate rental income, while Unit 1 offers additional rental potential or flexibility for an owner occupant. Whether you're looking to expand your rental portfolio, house multiple generations under one roof, or restore this distinctive log cabin into a spacious single-family home, this is an opportunity worth exploring!
Location
State IN
County Morgan
Rooms
Basement Roughed In, Unfinished
Interior
Heating Electronic Air Filter
Cooling None
Fireplace N
Exterior
Exterior Feature Storage Shed
View Y/N false
Roof Type Asphalt
Building
Story Two and a Half
Foundation Block
Architectural Style Log
Structure Type Log,Log Siding
New Construction false
Schools
School District Msd Martinsville Schools
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