Investment Properties for Sale

Multi-Family for Sale
Catylist Listing ID: 30338927
Property Subtypes: Duplex/Fourplex
Number of Units: 18 Units
Building Size (RSF): 2,400 SF
Gross Building Area: See Agent
Sale Price: $178,400 - 1,605,600
Unit Price: $9,911.11 Per Unit
Property Use Type: Investment
Building Name: Evadna Lake Estates
Sale Terms: Cash to Seller
Cap Rate: 7.6%
Last Updated: 4/5/2021

Overview / Comments

9 Duplex Townhomes
• Unit Description
• Appx 1200 SF
• 3 Bedroom
• 2 Full Bath
• Townhomes Built 2009
• Roofs Replaced in 2012
• Above Flood Plain
• Each Unit has Private Drive and Car Port
• NOI - $121,960
• Cap Rate - 7.6%
• Offer to Purchase Duplex's individually will be considered

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $22,040 (Annual)
Potential Rental Income $192,000 (Annual)
Gross Operating Income $192,000 (Annual)
Net Operating Income $109,960 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Evansville
County: Warrick
Tax ID/APN: 87-08-35-406-003.000-020
Zoning: RESIDENTIAL, R-2
Property Located Between: Heim Road and SR-62
Number of Stories: 2
Year Built: 2009
Roof Type: Arched
Construction/Siding: Vinyl Siding
Parking Description: Private Drive with Car Port Parking
Total Parking Spaces: 1
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Gas
Air Conditioning: Package Unit
Interior Description: 3 Bedroom, 2 Full Bath
Zoning Description: Residential, R-2
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lot 1 Evadna Lake Estates Error on Plat

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,492 8,230 24,618
Median Age: 36.47 40.44 38.54
Households: 578 3,004 9,481
The information presented herein is provided as is, without warranty of any kind. Neither Indiana Commercial Board of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.