Star Valley Way | 5-Unit Value-Add Opportunity on 1 Acre

Pleased to exclusively present the opportunity to acquire a five-unit multifamily property totaling 3,720 rentable square feet on a one-acre lot in Borden, Indiana.​ The property features a mix of one and two-bedroom floor plans across single-story construction, including two 2-bedroom/1-bath units, a recently remodeled unit, and a spacious largest unit.​ The building is served by two furnaces and two water heaters (gas and electric), with shared utility service and rents structured by unit size.​ Three of the five units are currently occupied and producing income, with two units available for renovation and lease-up.​

Borden presents a compelling investment environment driven by an affluent rural demographic, limited rental inventory, and proximity to the Louisville metropolitan market.​ The surrounding 47106 ZIP code carries a median household income exceeding $100,000 — well above both Clark County and Indiana statewide averages — alongside an 84% homeownership rate that keeps quality rental supply genuinely scarce.​ The area benefits from a stable, diversified employment base anchored by manufacturing, healthcare, education, and construction, with county-wide unemployment holding near 3%.​

Residents enjoy a quiet, established small-town setting with strong schools (Borden Elementary and High School both rated B+), level topography, no flood risk (Zone X), and fiber internet availability — all within a roughly 30-minute commute to the greater Louisville MSA.​ With in-place income, two units offering immediate value-add, below-market rents across the occupied units, and an entry price comparable to a single-family home, 20015 Star Valley Way offers investors an attractive opportunity to acquire a stable, well-located income property with clear upside in a growing Southern Indiana market.​ Property sold as-is.​

Investment Highlights

* 5-Unit Multifamily — Rare small multifamily on a full acre in the Borden, Indiana market

* In-Place Income — Three occupied units generating immediate rental income

* Value-Add Upside — Two vacant units offer renovation and lease-up potential

* Below-Market Rents — Opportunity to raise occupied-unit rents to current market rates

* Strong Unit Mix — Two 2BD/1BA units, a recently remodeled unit, and a spacious largest unit

* Affluent Submarket — 47106 median household income exceeds $100,000 with 84% homeownership

* Affordable Entry Point — Multifamily asset priced at single-family-home cost ($349,000)

* Stable Employment Base — Manufacturing, healthcare, education anchor a ~3% unemployment market

* Low Risk Profile — Zone X (no flood insurance required); fiber internet available

* Louisville MSA Proximity — Roughly 30 minutes to the greater Louisville metropolitan market