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818 Hart Street

Vincennes, IN 47591
  • $250,000
  • STATUS: Active
  • ON SITE: 252 Days
  • ID#: 202207613
UPDATED: 49 min ago
$250,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1918
County:
Area:

School Ratings & Info

Description

Consistent earning potential in small town Indiana. This 9 unit multifamily investment property has a long, proven history of consistent rental income. Property consists of 4 one-bedroom apartments and 5 studio apartments. Rental structure is currently flat rate rents with all gas, electric, water, and sewer included. Many of the current tenants are long term renters. Several rents could be raised to keep up with the market, Property exterior, plumbing, heating, and electrical have all been well maintained by owner. Unit #1 360 sq ft. / Studio / $525 / vacant.Unit #2 294 sq ft. / 1-BR / $565 / 2 year tenant.Unit #3 280 sq ft. / Studio / $410 / 5 year tenant.Unit #4 360 sq ft. / 1-BR / $550 / 4.5 year tenant.Unit #5 380 sq ft. / Studio / $525 / 1 year lease.Unit #6 450 sq ft. / 1-BR / $525 / 1 year lease.Unit #7 424 sq ft. / 1-BR / $540 / 5.5 year tenant.Unit #8 174 sq ft. / Studio / $470 / 7.5 year tenant.Unit #9 348 sq ft. / Studio / $525 / 1 year lease.Owner is downsizing portfolio. Owner has another 5-unit building for sell a few blocks away. Owners preference would be to sell both properties together. Property owners are family relatives of listing agent.

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© 2022 Southern Indiana Realtors Association. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Livian Impact | Keller Williams Realty Louisville. Data last updated: 2022-12-01T20:04:23.053.
www.impacthomesearch.com/homes/126993013
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818 Hart Street Vincennes, IN 47591

  • Price: $250,000
  • Status: Active
  • On Site: 252 Days
  • Updated: 49 min ago
  • ID#: 202207613
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1918
Built
Neighborhood:
Vincennes
County:
Knox
Area:
Vincennes
Property Description
Consistent earning potential in small town Indiana. This 9 unit multifamily investment property has a long, proven history of consistent rental income. Property consists of 4 one-bedroom apartments and 5 studio apartments. Rental structure is currently flat rate rents with all gas, electric, water, and sewer included. Many of the current tenants are long term renters. Several rents could be raised to keep up with the market, Property exterior, plumbing, heating, and electrical have all been well maintained by owner. Unit #1 360 sq ft. / Studio / $525 / vacant.Unit #2 294 sq ft. / 1-BR / $565 / 2 year tenant.Unit #3 280 sq ft. / Studio / $410 / 5 year tenant.Unit #4 360 sq ft. / 1-BR / $550 / 4.5 year tenant.Unit #5 380 sq ft. / Studio / $525 / 1 year lease.Unit #6 450 sq ft. / 1-BR / $525 / 1 year lease.Unit #7 424 sq ft. / 1-BR / $540 / 5.5 year tenant.Unit #8 174 sq ft. / Studio / $470 / 7.5 year tenant.Unit #9 348 sq ft. / Studio / $525 / 1 year lease.Owner is downsizing portfolio. Owner has another 5-unit building for sell a few blocks away. Owners preference would be to sell both properties together. Property owners are family relatives of listing agent.
Exterior Features

Parking Total 5

Interior Features

Building Area Total 3185

Property Features

Current Use Multi-Family New Construction YN No Occupant Type Tenant Property Condition Resale Property Sub Type Multi Family Property Sub Type Additional Multi Family Tax Annual Amount 2293 Township Vincennes

Listing courtesy of Chad Winchell at Keller Williams Realty Louisville East: 502-554-9500.


© 2022 Southern Indiana Realtors Association. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Livian Impact | Keller Williams Realty Louisville. Data last updated: 2022-12-01T20:04:23.053.
 
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