60 Unit Investment Opportunity in Downtown Evansville

Multi-Family for Sale
Catylist Listing ID: 30336617
Property Subtypes: Low-Rise/Garden
Number of Units: 60 Units
Building Size (RSF): 60,812 SF
Gross Land Area: 1.47 Acres
Sale Price: $2,500,000
Unit Price: $41,666.67 Per Unit
Property Use Type: Investment
Building Name: Donaldson Arms
Usable Size (USF): 60,812 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/14/2018

Overview / Comments

Please contact the agent for more information about this listing.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $13,268 (Annual)
Tax Value Land $64,200
Tax Value Improvements $552,800
Assessed Value - Total($) $617,000 (Annual)
Potential Rental Income $388,500 (Annual)
Gross Operating Income $388,500 (Annual)
Net Operating Income $212,069 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Taxing Authority: Vanderburgh County
Tax ID/APN: 82-06-32-022-043.001-029
Zoning: R-4
Percent Occupied: 58%
Property Located Between: Monroe Ave and Taylor Ave
Highway Access: Highway 41 - 1.5 Miles, Interstate 69 - 3 Miles, Interstate 64 - 16 Miles
Airports: Evansville Regional Airport - 8.6 Miles
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1923
Construction/Siding: Brick
Laundry: Shared
Zoning Description: Evansville Residential District
Lot Frontage: 279
Lot Depth: 235
Water Service: Municipal
Sewer Type: Municipal
Legal Description: CHAS E JOHNSON PL LOTS 1 TO 12 PARRETTS ENL & ADJ 50 X 231.5 FT BL 11 PIGEON TOWNSHIP TOWNSHIP

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,893 68,255 128,134
Median Age: 36.37 36.33 37.29
Households: 3,690 28,188 55,329
The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.