Westside 4-plex

Multi-Family for Sale
Catylist Listing ID: 30279881
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 4,536 SF
Gross Building Area: See Agent
Sale Price: $86,000
Unit Price: $21,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 12.47%
Last Updated: 6/21/2018

Overview / Comments

Large 4 unit property on Evansville's popular west side. One 3BR and three 1BR units. The 3BR unit has an attached garage with a steel roof. Two common gas furnaces and one gas water heater. Landlord pays utilities that typically run $500/ month for G&E and $120/mo for water. Off street parking.

Current rents are $2,085/mo and property is fully leased.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $1,616 (Annual)
Gross Operating Income $22,525 (Annual)
Net Operating Income $10,727 (Annual)
Actual or Proforma Year Actual
Finance Data Year 2016
Real Estate Taxes - Annual($) $1,604 (Annual)
Gross Operating Income $22,246 (Annual)
Net Operating Income $7,261 (Annual)
Actual or Proforma Year Actual
Finance Data Year 2015
Real Estate Taxes - Annual($) $1,488 (Annual)
Gross Operating Income $21,294 (Annual)
Net Operating Income $6,870 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-05-35-018-028.008-025
Zoning: C-2
Percent Occupied: 100%

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,114 38,537 103,363
Median Age: 35.21 37.04 36.92
Households: 2,204 16,893 41,943

Contact

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