3976 E Olean Rd, Versailles, IN, 47042

About This Home

*Diamond in the Rough with Strong Upside* Tucked away among mature trees and hidden from the road, this secluded cabin offers privacy, acreage, and incredible potential. Situated on 2 parcels totaling nearly 4 acres, plus an extra-long and wide gravel easement, this property provides a rare setting with plenty of room to enjoy and improve. The home features 2 bedrooms and 2 bathrooms, along with a loft area for guests or storage. The lower level includes a master bedroom with walk-in closet and full bathroom, and with the addition of an egress window or walkout access, the home could function as a 3-bedroom property. The walkout basement is partially finished and ready for your vision, making this a true diamond in the rough with excellent potential to add value. Updated approximately 2 years ago with a Gree WiFi heat pump mini split system, with a unit on each level to help improve comfort and reduce heating and cooling costs. A detached 2-car garage adds even more value, featuring electric, insulation, a wood-burning stove, and an enclosed lean-to with industrial floor-to-ceiling shelving for outstanding storage or workshop space. This property also offers strong income potential and would make a desirable Airbnb, especially during the Friendship, Indiana NMLRA flea market and shoot, with potential yearly income of approximately $2,400 to $3,000. A rare opportunity to own a private, desirable property with great bones, strong upside, and room to finish the lower level and maximize its full potential.