This strong, value-oriented, 17-unit (1BR/1BA) complex serves the downtown Evansville, Indiana workforce. There is presently professional management in place. This property has upside potential with below market rents and installation of laundry facility. With the IU Medical School coming soon to downtown Evansville, this could potentially be converted to student housing.
This property is a combined commercial/residential opportunity with a CAP rate of 14.4%. Contains 4 suites: 1,076 SF of professional space (plus an extra 156 SF which can be used), a 2 BR residential space with 1,260 SF, a 1 BR residential space with 572 SF, and a residential loft with 1,000 SF. Newer HVAC, windows, and siding. New gutters last year. New exterior doors in March 2015.
3 unit rented investment property. 2 units have 2 bedrooms & 1 unit has 1 bedroom. New furnace in 2015 for one of the 2 bedrooms. New furnace in 2014 for the 1 bedroom unit. Tenants pay all utilities. All appliances included.
This is a great opportunity to own The PHOENIX APARTMENTS. The complex features three 13-unit brick apartment buildings located near US Highway 41 in Evansville, Indiana. All buildings are full brick exterior with steel beam construction and all interior walls are solid concrete & plaster, per seller. Current owner has worked very hard to turn these apartments around getting the units renovated and occupied for a good, positive cash flow. There is potential for increased return by completion of the final 6 units. Financials available upon request. CAP Rate based on Seller's financials.
o Strong portfolio o 17 Properties o 19 Units (15 Single family, 2 Duplexes) o 100% LEASED o 100% CURRENT o GREAT condition Many Recent improvements and upgrades!!! o GREAT rental history WOW!!! For another SUPER GREAT listing on a $2,600,000 strip mall: Copy and Paste this LINK in your Browser = http://www.loopnet.com/xNet/mainsite/Flash/Profile.aspx?LID=17168660
$950/month rent. Duplex two (1)bedroom apartments. GREAT Highly Desirable Neighborhood, Near Ivy League University of Evansville and the Private Charter School Joshua Academy, Property is in EXCELLENT Condition: o Completely remodeled in 2011. o New Electrical service o New Plumbing o New Flooring o Remodeled kitchen o Remodeled bath o New Roof o Huge eat-in kitchen o Full attic o Full Basement o Built in cabinetry o Hardwood floors throughout o Gas log insert in fireplace o Large front porch o 2 car Garage o Great income!! o Lots of charm o Ample storage o Dead end street o Easy access to Route 41 & Loyd Expressway o Tenant pays full security deposit, lawn care and all utilities. Great investment property. Owner is a licensed Realtor
$895/mo. Market Rent. Single family. GREAT Highly Desirable Neighborhood, NEAR NEW Indiana University Medical School NEAR Ivy League University of Evansville NEAR University of Southern Indiana NEAR Private Charter School Joshua Academy, Property is in EXCELLENT Condition: o Completely remodeled in 2011. o New Electrical service o New Plumbing o New Flooring o Remodeled kitchen o Remodeled bath o New Roof o Huge eat-in kitchen o Full attic o Full Basement o Built in cabinetry o Hardwood floors throughout o Gas log insert in fireplace o Large front porch o 2 car Garage o Great income!! o Lots of charm o Ample storage o Dead end street o Easy access to Route 41 & Loyd Expressway o Tenant pays full security deposit, lawn care and all utilities. Great investment property. Owner is a licensed Realtor
$850/mo. rent, a real charmer, hardwood floors, builtin cabinetry, fireplace, 2 full baths, huge kitchen, 4 bedrooms, lots of updates. New tenant as of 2/15/11. Great income property. Tenant pays utilities in addition to lease rate. Owner is a licensed realtor.
o Rents for $645 a month. o Tenant pays utilities. o Excellent Condition o Call for details. Lots of updates. o Large 1.5 Car garage o New Kitchen, Bathroom, Paint, Appliances o Beautiful Willow tree in front yard Owner is a licensed realtor.
A true trophy property located in downtown Evansville, Indiana. This historic building features six (6) large, 1,771 square feet (average) luxury 2 bedroom, 1.5 bath and 1 bath units and one (1) carriage house apartment home with beautiful river views. The building is centrally located near the Ohio River, Sunset Park, Haynies Corner Entertainment District, the new Indiana University School of Medicine (currently under construction) and the central business district. There is upside potential to increase rents. The majority of the apartments have been fully remodeled and feature stainless and black appliances, granite counter tops, washer/dryers in or available for each apartment, enclosed sun room with full river/park view, central heating/AC, intercom system, security entrance and best of all a residential elevator for all occupants use.