1114 5th St, Rising Sun, IN 47040

Once in awhile we market a unique property that has had one owner since it was built in the early 1980's.A Brick 20 Unit Apartment Complex includes 2 Buildings with 2 Levels. All 20 units are leased. 9 Units have rental assistance. Section 8 Housing approved. The 14 One Bedroom apartments lease for $459 - $649 per month. And the 6 Two Bedroom Apartments lease for $524 - $765 per month. The buildings have new roofs & windows in 2020, many units have newer furnaces and water heaters. All units have electric furnaces, electric ranges/ovens, & ample parking. A common Laundry Room (18 x 12) features 2 newer Washers & 2 newer Dryers that are coinless-NOT Owned by Landlord-Leased. The office 12 x 9 for the complex is nearby. A built in Utility/tool area is close to the office. USDA RD Section 8 Housing-some Restrictions may apply. RD-USDA 11 years remain in contract-subject to restrictions to a new buyer. BUYER'S LENDER CHANGED REQUIREMENTS. BACK ON THE MARKET. SEND PREAPPROVAL LETTER.