Turnkey residential properties
Evansville, IN
Multi-family for Sale - $393,900 - 4,436 Sq. Ft.
Property Info
| CIMLS# | 893316 |
| Location Turnkey residential properties Evansville IN 47715 | |
| Updated | October 29th, 2016 |
| Type | Multi-family |
| Price | $393,900 |
| Building | 4,436 Sq. Ft. |
Property Description
Portfolio of 5 single family rental homes acquired and managed by a corporate executive as an equity builder. Income has upside potential as these properties haven't seen a rent increase in several years, and all maintenance has been outsourced to licensed professionals. This is a great opportunity to acquire an instant portfolio of high-quality assets being offered at a bulk rate discount UNDER assessed value.
Location Description:
All properties located in Knight Township on Evansville's east side.
Highlights:
>> 94.48% average occupancy over the last 5 years
>> $45,180 annual scheduled rents
>> Monthly averages: Rent $753; Taxes $136; Insurance $55
>> 1990's construction
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Financials
Sales Info:
>> Commision split: 3.5%