16 Unit Apartments - 4 Buildings

Multi-Family for Sale
Catylist Listing ID: 30426271
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden, Other
Number of Units: 16 Units
Building Size (RSF): 13,553 SF
Gross Land Area: 0.75 Acres
Sale Price: $495,000
Unit Price: $30,937.50 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/23/2019

Overview / Comments

16 unit apartments on Evansville’s east side consisting of 4 buildings each with 4 units.  All buildings are full brick with large covered parking areas. Buildings 1-3 have identical floor plans offering 4 one bedroom units each and building 4 offers 4 larger one bedroom units.  The owner has remodeled 3 of the 4 units in building 4 and all are ready for new tenants. The other 3 buildings are in need of unit renovations and offer a new owner a high value add for the property.  

All units are separately metered for gas and electric with the Owner only paying for water, sewer and trash pick up. Building 4 offers coin laundry available to tenants.

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-06-34-012-014.003-027
Zoning: R-4
Total Number of Buildings: 4
Number of Stories: 2
Year Built: 1948
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Large covered parking areas
Laundry: Shared
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,580 86,984 129,907
Median Age: 35.01 37.37 38.15
Households: 7,858 37,945 55,701

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