28.397 acres located on highway 27 behind Villa Capri apartments. Approximately 19+/- acres wooded and 9+/- acres that is grass and brush land. Seller is willing to divide. 19+/- acres in the city, zoned R-3 multi-family and the 9+/- acres to the South zoned RS-1 suburban residential (potential building site). City water and sewer available. Great frontage on US 27 and access through Villa Capri apartments. The South 9+/- acres access via 25' ingress/egress easement off of 27 (this parcel could make an excellent building site). The North 19+/- acres has several sources of income including: the Villa Capri playground is located on the property and is paying $1, 000 per year, their are 3 sign billboards generating $2, 000 per year (seller is not charging for third, so more potential income), Seller also leases for hunting at $500 per year. An excellent property with many opportunities. See attached survey and aerial views.

FEATURES

# Pasture Acres: 9.32

Property Type: Residential Lots & Land

Road Access: State

Road Frontage: State

Road Surface: Paved

Sale/Rent: For Sale

School District: East Allen County

Sewer Type: City

Sub Type: Residential Land

Township: Adams

Type Use: Residential

Water Utility: City

Zip Code: 46816

Parcel Description: Heavily Wooded, Irregular

Options: Will Divide

Middle School: Heritage

# Wooded Acres: 19.07

Acres: 28.3970

Approx. Lot Size Sqft: 1236973

Can Property Be Divided?: Yes

County/Area: Allen County

Easements: Yes

Electricity Type: Available

Elementary School: Heritage

Fuel Type: Available

High School: Heritage

Listing Status: Active

Location: City, Suburb

Zoning: R-3 Multi-Family Residential, Multi-Fami