This 11 acres was once an ultralight airplane landing strip complete with hangers! The runway is still intact and the hangers are still there and rented. There are several barns of various sizes on the property that are also rented out. There are 4 house trailers of which 3 are currently rented.The back half of the property is wide open to whatever your heart desires! Great for building your dream home, or more storage rental buildings to increase the income! The potential is only limited by your imagination. The income in the data sheet is from last year's tax returns and actual income may vary. Great location and Price! once in a lifetime opportunity awaits!
Closed
$249,900
7721-7731 Nation Rd, Mount Vernon, IN 47620
6beds
3,182sqft
Multi Family
Built in 1980
-- sqft lot
$254,600 Zestimate®
$--/sqft
$1,202 Estimated rent
Home value
$254,600
Estimated sales range
Not available
$1,202/mo
Zestimate® history
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$1,202/mo
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$1,548/mo
Est. payment
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Est. payment
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: June 08, 2025 at 06:28pm
Listed by:
William L Long stephanie.freemanrealestate@gmail.com,
HELFRICH REALTY CO
Bought with:
William L Long, RB14050481
HELFRICH REALTY CO
Source: IRMLS,MLS#: 202512708
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Electric, Conventional, Floor Furnace, Forced Air, Multiple Heating Systems
Cooling
- Central Air, Window Unit(s), Multi Units
Features
- Ceiling Fan(s)
- Flooring: Carpet, Mixed, Vinyl Tile, Other, Vinyl
- Basement: None
Interior area
- Total structure area: 3,182
- Total interior livable area: 3,182 sqft
- Finished area above ground: 3,182
- Finished area below ground: 0
Property
Parking
- Total spaces: 25
- Parking features: Off Street Parking
Features
- Stories: 1
- Waterfront features: Lake
Lot
- Size: 11.05 Acres
- Features: Few Trees, Rolling Slope, 10-14.999
Details
- Additional structures: None
- Parcel number: 651332100003.000019
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding, Block, Concrete, Metal Siding, Shingle Siding, Vinyl Siding, Wood Siding
Condition
- New construction: No
- Year built: 1980
Utilities & green energy
- Sewer: Private Sewer, Septic Tank
- Water: Cistern
Community & neighborhood
Location
- Region: Mount Vernon
- Subdivision: None
HOA & financial
Other financial information
- Total actual rent: 30000
Price history
| Date | Event | Price |
|---|---|---|
| 6/6/2025 | Sold | $249,900 |
Source:  IRMLS #202512708 Report a problem | ||
| 4/17/2025 | Pending sale | $249,900 |
Source: IRMLS #202512708 Report a problem | ||
| 4/14/2025 | Listed for sale | $249,900 |
Source: IRMLS #202512708 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,328 | $211,600 +6.5% |
| 2023 | -- | $198,700 +49.7% |
| 2022 | $1,979 +12.6% | $132,700 +13.1% |
Find assessor info on the county website
Neighborhood: 47620
Nearby schools
GreatSchools rating
- 9/10Marrs Elementary SchoolGrades: K-5Distance: 2.1 mi
- 8/10Mount Vernon Jr High SchoolGrades: 6-8Distance: 6 mi
- 7/10Mount Vernon High SchoolGrades: 9-12Distance: 6.2 mi
Schools provided by the listing agent
- Elementary: Marrs
- Middle: Mount Vernon
- High: Mount Vernon
- District: MSD of Mount Vernon
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Indiana
- Posey County
- Mount Vernon
- 47620
- 7721-7731 Nation Rd