7028 E Heritage Drive Pierceton, IN 46562 Sold 2025-09-25

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Apartment Complex • 49Y Old

Sold for $1,800,000 Listed for $2,000,000

7028 E Heritage Drive

47 Bedrooms
25 Bathrooms 24 Full, 1 Half
18357 sqft
6.00 Acres

This property is not currently for sale or for rent.

Property Description

* 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.

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Property
MLS # 202528244
Date Listed 2025-07-18
Status Sold
Property Type Investment
Property SubType Apartment Complex
Square Feet 18357 sqft
New Construction No
Style One Story
Type Apartment Complex
Bedrooms 47
Bathrooms 25 (24 Full, 1 Half)
Annual Taxes $11,856.00
Year Taxes Payable 2025
Year Built 1976
Days on Market 63
Room Dimensions
Living Room 23 × 0 Level
4th Bedroom 25 × 24 Level
5th Bedroom 24 × 24 Level
Extra Room 3 × 3 Level
Bathroom Locations
Full Baths 47 Main
External Features
Construction Apartment Complex
Lot Size 261,360 sq ft
Acreage 6.00 Acres
Fence None
Location
Area Kosciusko County
County Kosciusko
Subdivision None
Township Washington
City Pierceton
State IN
Zip 46562
Schools
School District Whitko
Elementary Pierceton
Middle School Whitko
High School Whitko
Financial
Assoc. Dues $0.00 Not Applicable

MLS# 202528244
Listing Provided Courtesy of Jordan Wildman
eXp Realty, LLC
Home: 260-498-0384

Listing updated October 2, 2025 at 4:30 pm
Last checked 10 minutes ago

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Learn More About 7028 E Heritage Drive

This property is not for sale or for lease.
Agent to Contact

By clicking "Message Agent", you agree to be contacted by Mike Thomas Associates about your request. Please see our Privacy Policy.