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3235 Rose Bud Dr - The Arbors Clustered Lot Subdivision

0.56 - 0.93 Acre Residential Land Lots in Richmond, IN 47374

Executive Summary

Colliers is pleased to present The Arbors, a unique opportunity to develop a 9.976 acre portion of an unfinished residential subdivision primed for development of For-Sale Townhomes, Senior Living, Build-to-Rent (BTR) or Single Family Rental (SFR) product.

Attachments

TheArborsFlyer

Property Facts

Sale Type Investment
No. Lots 14
Property Type Land
Property Subtype Residential
Total Lot Size 9.96 AC

14 Lots Available

Lot 31

Lot Size 0.84 AC

Lot 32

Lot Size 0.76 AC

Lot 33

Lot Size 0.81 AC

Lot 34

Lot Size 0.72 AC

Lot 35

Lot Size 0.73 AC

Lot 36

Lot Size 0.71 AC

Lot 40

Lot Size 0.73 AC

Lot 41

Lot Size 0.57 AC

Lot 42

Lot Size 0.66 AC

Lot 43

Lot Size 0.66 AC

Lot 44

Lot Size 0.57 AC

Lot 45

Lot Size 0.56 AC

Lot 46

Lot Size 0.93 AC

Lot 47

Lot Size 0.71 AC

Description

The property has significant existing on-site utility infrastructure including: meter sits (4), building pads, sewer and water laterals, catch basins & drainage systems. Existing HOA in place. Remaining site-development items include installation of ~500 ft of private paved roads (Thorn Hill Ln & Rose Bud Dr), and the removal of accumulated overgrowth. The Arbors Clustered Subdivision consists of 14 contiguous platted lots (2002) that are zoned R-2 for Medium Density Single-Family residential and allow for a density of four (4) attached single-family condominiums units per parcel, for a total of 56 individual units.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 89-18-03-220-101.038-030
  • 89-18-03-220-101.039-030
  • 89-18-03-220-101.049-030
  • 89-18-03-220-101.050-030
  • 89-18-03-220-101.052-030
  • 89-18-03-220-101.054-030
  • 89-18-03-220-101.047-030
  • 89-18-03-220-101.040-030
  • 89-18-03-220-101.048-030
  • 89-18-03-220-101.053-030
  • 89-18-03-220-101.041-030
  • 89-18-03-220-101.042-030
  • 89-18-03-220-101.043-030
  • 89-18-03-220-101.051-030
Land Assessment
$10,700
Improvements Assessment
$0
Total Assessment
$10,700

zoning

Zoning Code R-2 (Zoned R-2 Medium Density; Allows four (4) attached single-family condo units per parcel. Total of 56 Units. Platted 2002; 2008-2017 HOA Established)
R-2 (Zoned R-2 Medium Density; Allows four (4) attached single-family condo units per parcel. Total of 56 Units. Platted 2002; 2008-2017 HOA Established)
  • Listing ID: 32893938

  • Date on Market: 8/20/2024

  • Last Updated:

  • Address: 3235 Rose Bud Dr, Richmond, IN 47374

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