Skip To Content

336-368 Graystone Drive

Hanover, IN 47243
  • $1,250,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 2022013341
Price Reduced
UPDATED: 208 min ago
$1,250,000
  • 0
    BEDS
  • 2.69
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1983
County:
Area:

School Ratings & Info

Description

Whispering Pines Apartments. (32) Apartment Units presently with (30) Units rented. There are (20) Two Bedroom Units, (8) One Bedroom Units and (4) Three Bedroom Units. There are (7) Four-Plex Buildings and (2) Duplex Buildings. There is also a Storage/Office Building that includes approximately 390 SF and Laundry Rental Units. Rents vary and are below market. 2021 Gross Income Collected was in excess of $170,000 with on-site Property Manager receiving free rent. Estimate of Market Rents suggest that Potential Gross Income should exceed $210,000 with Market Rents projected as $500 for 1-Bedroom Units, $600 for 2-Bedroom Units and $675 for 3-Bedroom Units. These Units are being sold in "As Is" condition, however, Inspections are Welcome. Call Listing Agent for More Information and to Schedule All Appointments

Monthly Payment Calculator



© 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 Elite Home Advisors. Data last updated: 2022-11-29T00:04:22.203.
www.yournextkentuckianahome.com/homes/134815376
Print Image

336-368 Graystone Drive Hanover, IN 47243

  • Price: $1,250,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 208 min ago
  • MLS #: 2022013341
0
Beds
0
Baths
0
½ Baths
2.69
Acres
1983
Built
Neighborhood:
Hanover
County:
Jefferson_In
Area:
Hanover
Property Description
Whispering Pines Apartments. (32) Apartment Units presently with (30) Units rented. There are (20) Two Bedroom Units, (8) One Bedroom Units and (4) Three Bedroom Units. There are (7) Four-Plex Buildings and (2) Duplex Buildings. There is also a Storage/Office Building that includes approximately 390 SF and Laundry Rental Units. Rents vary and are below market. 2021 Gross Income Collected was in excess of $170,000 with on-site Property Manager receiving free rent. Estimate of Market Rents suggest that Potential Gross Income should exceed $210,000 with Market Rents projected as $500 for 1-Bedroom Units, $600 for 2-Bedroom Units and $675 for 3-Bedroom Units. These Units are being sold in "As Is" condition, however, Inspections are Welcome. Call Listing Agent for More Information and to Schedule All Appointments
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 11542 Township Hanover

Listing courtesy of David Bauer at Schuler Bauer Real Estate Services Era Powered (N: 812-948-2888.


© 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 Elite Home Advisors. Data last updated: 2022-11-29T00:04:22.203.
 
https://bt-photos.global.ssl.fastly.net/sira/orig_boomver_2_2022013341-2.jpg https://bt-photos.global.ssl.fastly.net/sira/orig_boomver_2_2022013341-2.jpg https://bt-photos.global.ssl.fastly.net/sira/orig_boomver_2_2022013341-2.jpg
Logo
Elite Home Advisors
1994 Charlestown New Albany Pike
Jeffersonville IN, 47130