22 E 206th St, Carmel, IN 46069

ATTENTION REHAB VISIONARIES, LAND-BANKERS & BUILDERS! Here is your chance to unlock serious opportunity in Hortonville, just outside the multi-million $ Chatham Hills neighborhood & the HOT town of Sheridan, positioned directly in the path of growth. This property sits close to the upcoming Ironstone Master Plan, a massive new Planned Unit Development, bringing hundreds of luxury single-family homes and townhomes to the forgotten burg of Hortonville. The heavy wave of new infrastructure and commercial investment heading this way will shift local values exponentially, sooner rather than later. Investors have total flexibility with two clear plays on this parcel. You can run a quick value-add rehab on the existing house to cash in on rental demand OR flip into a low-inventory market. Alternatively, clear the lot, land-bank the site, and sit back while surrounding mega-projects drive land values sky-high. Massive upside, flexible exit strategies, and a front-row seat to Hortonville's expansion make this a rare addition to any portfolio. Selling strictly AS-IS, WHERE-IS - bring your contractors, developers, or buy-and-hold funds. No value has been given to the structure, though it was inhabited until end of September, 2026, as a long-term rental. Inspections are FYI only, seller will entertain no repair requests. No AS IS Addendums or inspection contingencies - what you see is what you get. Sold for tear-down value, but what you can make of it is your perrogative.