210 Washington Ave, Evansville, IN
Multi-family for Sale - $94,900 - 2,586 Sq. Ft. on 0.14 acres
Property Info
| CIMLS# | 901337 |
| Location 210 Washington Ave Evansville IN 47713 | |
| Updated | November 29th, 2016 |
| Type | Multi-family |
| Price | $94,900 |
| Building | 2,586 Sq. Ft. |
| Land | 0.14 acres |
Property Description
Completely remodeled 4 unit complex in Historic Downtown Evansville. Approximately 3 minutes from the Ford Center. 1 upstairs two bedroom (Section 8 rental), 1 downstairs one bedroom (currently vacant), & 2 efficiency apartments (Section 8 rentals). One efficiency is upstairs & the other is downstairs. All units are separately metered. Each unit has its own furnace & A/C. Washers & dryers are in each apartment & are negotiable with an offer. Great income potential. 75% occupied with over $1400 a month in income. Don't miss this well maintained, good cash flow property. Owner pays property taxes, insurance, & water. Tenant pays all other utilities.
Location Description:
W Lloyd Expressway, Merge onto Division, Left on S Governor, Right on Washington, Home is on the right
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Financials
Sales Info:
>> Cap rate: 14.7%
>> NOI: $13942