Seller's Agent in 2025
Jordan Wildman
eXp Realty, LLC
(260) 498-0384
268 Total Sales
7028 E Heritage Dr Pierceton, IN 46562
47
Beds
24.5
Baths
18,357
Sq Ft
261,360
Sq Ft Lot
Highlights
- Waterfront
- Circular Driveway
- Laundry Facilities
- Lake, Pond or Stream
- Forced Air Heating and Cooling System
- Level Lot
About This Home
As of September 2025* POTENTIAL PARTIAL SELLER FINANCING! * An exceptional investment opportunity awaits with this well-maintained 24-unit apartment complex situated on a sprawling 6-acre lot in charming Pierceton, IN. Comprised of 12 duplexes, the property features twenty-three 2 bed / 1 bath units and one 1 bed / 1 bath unit, offering a total rental income of $19,440/month, with 23 units currently leased. Income can easily be brought up through multiple avenues! Each unit includes off-street parking for two cars, and tenants pay their own gas and electricity—keeping overhead low. A separate building provides on-site laundry facilities with coin-operated machines, a garage, and dedicated storage space, generating additional income potential and convenience for tenants. Ideally located near Pierceton Skate Park, Forest Ridge Family Campground, and just 15 minutes from Downtown Warsaw, this property offers the perfect balance of peaceful living with quick access to nearby amenities. Also very strong medical employers in close proximity allowing for strong tenant base! Whether you're expanding your portfolio or seeking a high-performing multifamily asset, this turnkey complex delivers stable cash flow, long-term growth, and rare scale in a desirable setting.
Last Agent to Sell the Property
eXp Realty, LLC Brokerage Phone: 260-498-0384 Listed on: 07/18/2025
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $6,618
Year Built
- Built in 1976
Lot Details
- 6 Acre Lot
- Waterfront
- Level Lot
Home Design
- Slab Foundation
- Shingle Roof
- Asphalt Roof
- Metal Roof
- Shingle Siding
- Asphalt
- Vinyl Construction Material
Interior Spaces
- 1-Story Property
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 47 Bedrooms
Parking
- 48 Parking Spaces
- Circular Driveway
- Gravel Driveway
- Shared Driveway
- Off-Street Parking
Outdoor Features
- Lake, Pond or Stream
Schools
- Pierceton Elementary School
- Whitko Middle School
- Whitko High School
Utilities
- Forced Air Heating and Cooling System
- Window Unit Cooling System
- Heating System Uses Gas
- Private Company Owned Well
- Well
- Gas Water Heater
- Septic System
Listing and Financial Details
- Tenant pays for electric, fuel
- The owner pays for building insurance, lawn maintenance, maintenance, snow removal, tax, trash collection, water
- Assessor Parcel Number 43-12-22-400-018.000-029
- Seller Concessions Not Offered
Community Details
Overview
- 13 Buildings
- 24 Units
Amenities
- Laundry Facilities
Building Details
- 25 Separate Electric Meters
- 24 Separate Gas Meters
- Electric Expense $4,044
- Fuel Expense $1,094
- Insurance Expense $11,856
- Maintenance Expense $7,909
- Trash Expense $3,456
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 18, 2025
Closed on
Sep 19, 2025
Sold by
Oakwood Residences Llc
Bought by
Murphy John N and Olson Kirk
Seller's Agent
Jordan Wildman
eXp Realty, LLC
Buyer's Agent
Scott Gingerich
The Gingerich Group
List Price
$2,000,000
Sold Price
$1,800,000
Premium/Discount to List
-$200,000
-10%
Views
46
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,840
Avg. Annual Appreciation
4.34%
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Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/25/2025 09/25/25 | Sold | $1,800,000 | -10.0% | $98 / Sq Ft |
| 09/19/2025 09/19/25 | Pending | -- | -- | -- |
| 07/18/2025 07/18/25 | For Sale | $2,000,000 | -- | $109 / Sq Ft |
Source: Indiana Regional MLS
Agents Affiliated with this Home
-
Jordan Wildman
-
Scott Gingerich
Buyer's Agent in 2025
Scott Gingerich
The Gingerich Group
(407) 575-0893
188 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 202528244
APN: 43-12-22-400-018.000-029
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Based on information submitted to the MLS GRID
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