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720 E Scott Street

Vincennes, IN 47591
  • $185,000
  • STATUS: Active
  • ON SITE: 196 Days
  • MLS #: 202207616
UPDATED: 39 min ago
$185,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1930
County:
Area:

School Ratings & Info

Description

Consistent earning potential in small town Indiana. This 5 unit multifamily investment property has a long, proven history of consistent rental income. Property consists of 4 one-bedroom apartments and 1 two-bedroom apartment. Rental structure is currently flat rate rents with all gas, electric, water, and sewer paid by landlord. Many of the current tenants are long term renters. Rents can be raised to keep up with market and further increase revenue. Unit #1 545 sq ft. / 1-BR / $450 / 6.5 year tenant.Unit #2 328 sq ft. / 1-BR / $485 / 2.5 year tenantUnit #3 440 sq ft. / 1-BR / $450 / 5.5 year tenantUnit #4 575 sq ft. / 1-BR / $600 / 2 year tenantUnit #5 400 sq ft. / 1-BR / $510 / 1 year tenantProperty exterior, plumbing, heating, and electrical have all been well maintained by owner. Owner is downsizing portfolio. Owner has a 9-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 Elite Home Advisors. Data last updated: 2022-10-06T10:04:42.37.
www.yournextkentuckianahome.com/homes/126993012
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720 E Scott Street Vincennes, IN 47591

  • Price: $185,000
  • Status: Active
  • On Site: 196 Days
  • Updated: 39 min ago
  • MLS #: 202207616
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1930
Built
Neighborhood:
Vincennes
County:
Knox
Area:
Vincennes
Property Description
Consistent earning potential in small town Indiana. This 5 unit multifamily investment property has a long, proven history of consistent rental income. Property consists of 4 one-bedroom apartments and 1 two-bedroom apartment. Rental structure is currently flat rate rents with all gas, electric, water, and sewer paid by landlord. Many of the current tenants are long term renters. Rents can be raised to keep up with market and further increase revenue. Unit #1 545 sq ft. / 1-BR / $450 / 6.5 year tenant.Unit #2 328 sq ft. / 1-BR / $485 / 2.5 year tenantUnit #3 440 sq ft. / 1-BR / $450 / 5.5 year tenantUnit #4 575 sq ft. / 1-BR / $600 / 2 year tenantUnit #5 400 sq ft. / 1-BR / $510 / 1 year tenantProperty exterior, plumbing, heating, and electrical have all been well maintained by owner. Owner is downsizing portfolio. Owner has a 9-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

Other Parking On Street Parking Total 1

Interior Features

Building Area Total 2325

Property Features

Current Use Multi-Family New Construction YN No Property Condition Resale Property Sub Type Multi Family Property Sub Type Additional Multi Family Tax Annual Amount 1221 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 Elite Home Advisors. Data last updated: 2022-10-06T10:04:42.37.
 
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1994 Charlestown New Albany Pike
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