Meades Ridge

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Meades Ridge

Patriot, IN 47038
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Large residential land parcel spanning 32.321 total acres
  • Located on Meades Ridge in Patriot, Indiana 47038
  • Suitable for residential development or private estate construction
  • Positioned within a quiet and growing regional submarket
  • Property coordinates are 38.8786, -84.8470 for site mapping

What's Special

This 32.321-acre residential land parcel in Patriot, Indiana, is available for sale, offering a significant opportunity for developers or private investors looking for large-scale build sites. Situated along Meades Ridge, the property provides expansive acreage suitable for residential development projects, private estate construction, or long-term land banking in a quiet, growing region of the state. The site benefits from its rural character while remaining accessible within the regional landscape. Potential uses range from a single-family residential development to the establishment of a private recreational retreat, leveraging the substantial size of the tract to accommodate various site planning needs. Investors interested in residential expansion will find the acreage versatile and well-positioned for future project development within the local market. The property allows for flexible site configuration tailored to specific residential development objectives in this Indiana submarket.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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