11496 N Spring Lake Drive, Mooresville, IN
$ 300,000
Property Attributes
  • MLS#21915295
  • TypePending
  • CountyMORGAN
  • CityMooresville
  • AreaMadison
  • NeighborhoodSpring Lake
  • Zip46158
  • StyleModular
  • Year Built1960
  • Taxes$ 2676
  • Price$ 300,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size7 Acres
Data Source:
Metropolitan Indianapolis MLS (MIBOR)
Property Description

Great opportunity to own 4-6 rentals on one property, or own 7 secluded acres for your dream home, in the historic Spring Lake community. Currently, there are 3 dwellings producing rent income, a fourth in need of some remodel finishing, and permitting for up to 6 dwellings. More than half of the 7 acres is pasture. Offering includes garage, common water supply, individual septic systems. Gated community for your privacy. Desirable Mooresville Schools. Tenants in two of the units would like to stay. See attachments for more info.

Elementary School Middle School High School
North Madison Elementary School Paul Hadley Middle School Mooresville High School
Price History
4/13/2023 Listed $425,000
4/25/2023 6% - $400,000
5/13/2023 13% - $350,000
5/24/2023 15% - $300,000

General Features

Architectural Style Modular
City Mooresville
County Morgan
Current Financing Conventional
Current Use Multi-Family
Days on Market 58
Directions From SR-37, go E on SR-44. Turn right (N) on Mann. Turn left on Spring Lake Rd. Turn right into Spring Lake on Ruth Dr. Turn right, then follow over damn & veer right to stay on Ruth. Follow to gate, us
Disclosures Not Applicable
Levels One
New Construction No
Ownerpays Water
Possession Other
Property Attached Y/N No
Property SubType Fourplex
Property Type Residential Income
Standard Status Pending
Status Pending
Street Name Spring Lake
Structure Type FreeStand
Subdivision Name Spring Lake
Tax Year 2022
Tenant Pays Electricity, Gas
Total Units 4
Township Madison
Year Built 1960
Zoning Res/Agri

Interior Features

Street Suffix Drive

Exterior Features

Lot Size Acres 7
Road Surface Type Gravel


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 46158

AVG $350K
AVG $1,448
AVG 95
Year Built
AVG 1983

Your Agent

Listed By
Jeneene West with Jeneene West Realty, LLC;

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