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1101 Washington Avenue

Vincennes, IN 47591
  • $149,900
  • STATUS: Active
  • ON SITE: 124 Days
  • MLS #: 202201604
UPDATED: 39 min ago
$149,900
  • 0
    BEDS
  • 0.51
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 15,656
    SQFT
Neighborhood:
Type:
Commercial-Lease
Built:
1890
County:
Area:

School Ratings & Info

Description

: Investment Property! This is a 6 unit property that currently is all commercial, but very easily could be turned into mixed use and a value add property. The main floor has 6 commercial units with flexible floor plans, and one unit currently rented. Owner will be advertising the other units for rent, and boosting the cap rate and occupancy rate when possible. There is just short of 6000 square feet unfinished on the 2nd floor, that could be turned into additional office or residential spaces. This property needs a little bit of love, so we priced it accordingly, helping the next buyer see the property to its full potential!

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© 2022 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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 The Natasha Hernandez Team | Keller Williams. Data last updated: 2022-05-22T00:28:20.17.

www.natashahernandez.com/homes/124823394
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1101 Washington Avenue Vincennes, IN 47591

  • Price: $149,900
  • Status: Active
  • On Site: 124 Days
  • Updated: 39 min ago
  • MLS #: 202201604
0
Beds
0
Baths
0
½ Baths
0.51
Acres
15,656
SQFT
$10
$/SQFT
1890
Built
Neighborhood:
Mantle & Nobles
County:
Knox
Area:
Knox
Property Description
: Investment Property! This is a 6 unit property that currently is all commercial, but very easily could be turned into mixed use and a value add property. The main floor has 6 commercial units with flexible floor plans, and one unit currently rented. Owner will be advertising the other units for rent, and boosting the cap rate and occupancy rate when possible. There is just short of 6000 square feet unfinished on the 2nd floor, that could be turned into additional office or residential spaces. This property needs a little bit of love, so we priced it accordingly, helping the next buyer see the property to its full potential!
Exterior Features

Construction Type1 Brick Driveway None Exterior BrickWood Fence None Fire Doors YN No Lighted Parking YN No Location City Lot Dimensions Irregular Parcel Description 0-2.9999CornerIrregular Parking LotOff-StreetPaved Parking Spaces 20 Parking Type Paved Lot Parking YN Yes Road Access City Roof Material Rubber Security Light YN No Signs YN No Water Features None Waterfront YN No

Interior Features

Basement Foundation Unfinished Basement YN Yes Bldg1 Above Grd Sq Ft 15656 Bldg1 Below Grd Sq Ft 2000 Bldg1 Fin Office Sq Ft 9728 Ceiling Height 8 Feet Column Spacing None Cooling Central Air Flooring CarpetConcrete Heating Fuel GasForced Air Interior Height 8 Feet Interior Walls Drywall Internal Rooms OfficeShowroomStorage Special Features 220 VoltsAlleyBasement Total Restrooms 6

Property Features

Annual Taxes 5691 Auction YN No Buildings 1 Burglar Alarm YN No Cable Company Cinergy Metronet Currently Leased YN Yes Documents Available Lbp Form Easements None Electric Company Duke Energy Indiana Enterprise Zone No Equipment YN No Exemptions No Exemptions Fire Protection City For Sale Or Rent For Sale Gas Company Centerpoint Energy Gross Monthly Rent 400 Ingress Egress Asphalt Inside City Limits Yes Lease Available YN Yes Lease Term Remaining Monthly Lighted Intersection YN Yes New Construction No Owner Real Estate License YN No Planned Unit Dev YN No Platted YN Yes Present Use Retail Property Sub Type Mixed Use Property Use Investment Property Proposed Financing CashConventional Public Utilities Electric Hook-UpGas Hook-UpMun. Water Hook-Up Reo YN No Restrictions None Sale Includes BusinessLease Sewer City Smoke Fire Alarm YN No Special Assessments None Sprinkler System YN No Tax Abatement No Township Vincennes Water Company Vincennes Water Utilities Water Heater YN Yes Water Softener YN No Water Utility City Year Taxes Payable 21 Pay 22

Listing provided by Tyler Simmons of Klein Rlty&Auction, Inc.: 812-882-2202.
© 2022 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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 The Natasha Hernandez Team | Keller Williams.


© 2022 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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 The Natasha Hernandez Team | Keller Williams. Data last updated: 2022-05-22T00:28:20.17.

 
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The Natasha Hernandez Team | Keller Williams
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Goshen IN, 46562