Whispering Pines Apartments. (32) Apartment Units presently with (30) Units rented. There are (20) Two Bedroom Units, (8) One Bedroom Units and (4) Three Bedroom Units. There are (7) Four-Plex Buildings and (2) Duplex Buildings. There is also a Storage/Office Building that includes approximately 390 SF and Laundry Rental Units. Rents vary and are below market. 2021 Gross Income Collected was in excess of $170,000 with on-site Property Manager receiving free rent. Estimate of Market Rents suggest that Potential Gross Income should exceed $210,000 with Market Rents projected as $500 for 1-Bedroom Units, $600 for 2-Bedroom Units and $675 for 3-Bedroom Units. These Units are being sold in "As Is" condition, however, Inspections are Welcome. Call Listing Agent for More Information and to Schedule All Appointments
16 unit complex! Currently renting with all utilities included. Spacious lot allowing for additional space for future expansion.
Hanover is located in Indiana. Hanover, Indiana has a population of 3,483. Hanover is more family-centric than the surrounding county with 29.47% of the households containing married families with children. The county average for households married with children is 27.53%.
The median household income in Hanover, Indiana is $45,043. The median household income for the surrounding county is $50,722 compared to the national median of $57,652. The median age of people living in Hanover is 24.8 years.
The average high temperature in July is 85.6 degrees, with an average low temperature in January of 21.7 degrees. The average rainfall is approximately 46.4 inches per year, with 12.8 inches of snow per year.