NOT LISTED FOR SALE
24 Beds
24 Baths
14,872 Sq Ft
0.44 Acres

Last Sold October 22, 2014

Last sale price $215,000 $14 Per Sq Ft

11 Days on Market

Highlights

  • 0.44 Acre Lot
  • Corner Lot
  • Hot Water Heating System
  • Perry Heights Middle School Rated 9+
  • Ceramic Tile Flooring
  • 2-minute walk to Sunset Park

About This Home

As of October 2014

24 unit apartment building with an upside. Located in downtown Evansville just minutes from the announced IU Med school. Great investment opportunity. 14 one bedroom units and 10 two bedroom units.

Last Agent to Sell the Property

Charlie Butler

KELLER WILLIAMS CAPITAL REALTY Listed on: 06/07/2014

KELLER WILLIAMS CAPITAL REALTY

Last Buyer's Agent

Kimberly Clark

eXp Realty, LLC

eXp Realty, LLC

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1946

Lot Details

  • 0.44 Acre Lot
  • Lot Dimensions are 128x151
  • Corner Lot
  • Level Lot
  • Irregular Lot

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Shingle Siding

Interior Spaces

  • 2-Story Property

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 24 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Block Basement Construction

Parking

  • 15 Parking Spaces
  • Off-Street Parking

Schools

  • Culver Elementary School
  • Washington Middle School
  • Bosse High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for heating, sewer, trash collection, water
  • Assessor Parcel Number 82-06-31-022-053.001-029

Community Details

Overview

  • 24 Units

Pet Policy

  • Pet Restriction

Building Details

  • 24 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $22,710
  • Insurance Expense $3,500
  • Maintenance Expense $47,791
  • Trash Expense $2,250
  • Water Sewer Expense $14,400

Property Details

Home Type

Apartment

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1946
  • Age: 68
  • Style: Two and Half Story
  • Bedrooms: 24
  • Number Above Grade Bedrooms: 24
  • Total Bathrooms: 24
  • Total Full Bathrooms: 24
  • Legal Description: L 1 L 2 BABCOCK & SCHRADER'S SUB OF LOTS 17 & 18 EWING'S ADD. |
  • Parcel Number ID: 82-06-31-022-053.001-029
  • Platted: Yes
  • Amenities: Basement, Off Street Parking
  • Sp Lp Percent: 111.98
  • Annual Miscellaneous: 12674
  • Monthly Gross Income: 10568
  • Year Taxes Payable: 2014
  • Special Features: 12

Interior Features

  • Total Sq Ft: 22308
  • Total Finished Sq Ft: 14872
  • Above Grade Finished Sq Ft: 14872
  • Below Grade Sq Ft: 7436
  • Price Per Sq Ft: 14.46
  • Basement Foundation: Full Basement, Walk-up
  • Basement Material: Block, Brick
  • Flooring: Carpet, Ceramic Tile
  • Main Level Sq Ft: 7436
  • Total Below Grade Sq Ft: 7436
  • Number Of Ranges Ovens: 13

Exterior Features

  • Exterior: Brick, Shingle
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 15

Utilities

  • Cooling: Window
  • Heating Fuel: Hot Water
  • Sewer: City
  • Water Utilities: City
  • Annual Fuel Expense: 22710
  • Annual Insurance Expense: 3500
  • Annual Maintenance Expense: 47791
  • Annual Trash Expense: 2250
  • Annual Water Sewer Expense: 14400
  • Number Electric Meters: 24
  • Number Gas Meters: 1
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Evansville-Vanderburgh School Corp.
  • Elementary School: Culver
  • Middle School: Washington
  • High School: Bosse
  • Elementary School: Culver

Lot Info

  • Lot Description: Corner, Irregular, Level
  • Lot Dimensions: 128x151
  • Estimated Lot Sq Ft: 19328
  • Estimated Lot Size Acres: 0.44

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Heating, Sewer, Trash Collection, Water
  • Tenant Pays: Electric

Tax Info

  • Total Assessed Value: 329200
  • Annual Property Tax: 7109

Multi Family

  • Gross Monthly Rent: 10567
  • Number Of Refrigerators: 13
  • Number Of Units: 24
  • Num Of1 Bedrooms: 14
  • Num Of2 Bedrooms: 10
  • Num Of Units Rented: 13

MLS Schools

  • High School: Bosse
  • Middle School: Washington
  • School District: Evansville-Vanderburgh School Corp.

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2014 10/22/14 Sold $215,000 +12.0% $14 / Sq Ft
06/18/2014 06/18/14 Pending -- -- --
06/07/2014 06/07/14 For Sale $192,000 -- $13 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201423849

Indiana Regional MLS