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307 SE Second Street

Evansville, IN 47713
  • $340,000
  • STATUS: Active
  • ON SITE: 50 Days
  • MLS #: 202143843
UPDATED: 31 min ago
$340,000
  • 7
    BEDS
  • 0.07
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 4,725
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1920
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Charming apartment complex located in historic downtown Evansville. The complex is directly across from the new Hyatt hotel development which provides additional security. There is currently once vacancy that will be leased by 11/30. Tenants pay everything but water and sewer. Gross Operating Income is $40,500. Net Operating Income is $29,861. Acquisition Cap Rate is 8.78%.

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© 2021 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: 2021-12-08T10:28:07.43.

www.natashahernandez.com/homes/122542071
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307 SE Second Street Evansville, IN 47713

  • Price: $340,000
  • Status: Active
  • On Site: 50 Days
  • Updated: 31 min ago
  • MLS #: 202143843
7
Beds
5
Baths
0
½ Baths
0.07
Acres
4,725
SQFT
$72
$/SQFT
1920
Built
Neighborhood:
None
County:
Vanderburgh
Area:
Vanderburgh
Elementary School:
Tekoppel
Middle School:
Helfrich
High School:
Francis Joseph Reitz
School District:
Evansville-Vanderburgh School Co
Property Description
Charming apartment complex located in historic downtown Evansville. The complex is directly across from the new Hyatt hotel development which provides additional security. There is currently once vacancy that will be leased by 11/30. Tenants pay everything but water and sewer. Gross Operating Income is $40,500. Net Operating Income is $29,861. Acquisition Cap Rate is 8.78%.
Exterior Features

Exterior Brick Lot Description Level0-2.9999 Lot Dimensions 32X100 Outbuilding None Parking Spaces 5 Pool YN No Style Tri-Level Waterfront YN No

Interior Features

Above Grade Bedrooms 5 Above Grade Finished Sqft 3150 Above Grade Unfin Sq Ft 0 Amenities BasementCeiling Fan Basement Foundation FinishedFull Basement Basement Material Brick Basement YN Yes Below Grade Baths 1 Below Grade Bedrooms 2 Below Grade Finished Sqft 1575 Below Grade Unfin Sq Ft 0 Cooling Central Air Dishwashers 5 Disposals 5 Dryers 1 Flooring CarpetFinishedLaminateMixed Heating Fuel Electricity Microwaves 5 Ranges Ovens 5 Refrigerators 5 Rooms Below Grade 2 Total Baths 5 Total Below Grade Sqft 1575 Total Sq Ft 4725 Wash Dry Hookups 1 Washers 1

Property Features

Annual Electric Expense 0 Annual Fuel Expense 0 Annual Gross Rent 39480 Annual Insurance Expense 0 Annual Maint Expense 3948 Annual Misc 3500 Annual Net Income 25187 Annual Property Tax 3245 Annual Trash Expense 0 Annual Water Sewer Exp 3600 Assoc Dues Frequency Not Applicable Efficiencies 1 Electric Meters 5 Existing Financing Conventional For Sale Or Rent For Sale Four Bedrooms 0 Gas Meters 5 Gross Monthly Income 3290 Gross Monthly Rent 3290 Lease Term 1 Year2 Years New Construction No One Bedrooms 2 Owner Pays Building InsuranceLawn MaintenanceMaintenanceSewerTaxWater Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Fiveplex Reo YN No Sale Includes BuildingLease Sewer City Tenant Pays CableCoolingElectricHeating Three Bedrooms 0 Township Pigeon Two Bedrooms 2 Units Rented 5 Water Utility City Year Taxes Payable 2021

Listing courtesy of Ryan Black of Hahn Kiefer Real Estate Services.
© 2021 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.


© 2021 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: 2021-12-08T10:28:07.43.

 
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