NOT LISTED FOR SALE

1201 Nicholas St Unit 8 Vincennes, IN 47591

8 Beds
8 Baths
5,168 Sq Ft
0.3 Acres

Last Sold October 16, 2019

Last sale price $224,600 $43 Per Sq Ft

28 Days on Market

Highlights

  • Forced Air Heating System
  • Level Lot
  • Carpet

About This Home

As of October 2019

8 one bedroom apartment units with kitchen, living room & off street parking. Units 7 & 8 are located on the upper level, rent of $450.00 and deposits of $400.00 ea.Tenant pays internet/cable and electric. Landlord pays trash removal, water/sewer bill, common area electric with an average of $40.00 a month, lawn maintenance, building maintenance & building insurance. One unit is vacant at this time.

Last Agent to Sell the Property

Heath Klein

KLEIN RLTY&AUCTION, INC. Listed on: 08/15/2019

Last Buyer's Agent

Cameron Engstrom

KLEIN RLTY&AUCTION, INC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,355

Year Built

  • Built in 1982

Lot Details

  • 0.3 Acre Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Parking

  • 10 Parking Spaces
  • Driveway
  • Parking Lot
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Vigo Elementary School
  • Clark Middle School
  • Lincoln High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cable, electric
  • The owner pays for lawn maintenance, maintenance, sewer, trash collection, water
  • Assessor Parcel Number 42-12-28-209-038.000-022

Community Details

Overview

  • 8 Units
  • Mccord & Bayards Subdivision

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 8 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $999
  • Maintenance Expense $3,360
  • Trash Expense $1,284
  • Water Sewer Expense $2,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,355

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Eightplex
  • Year Built: 1982
  • Style: Two Story
  • Bedrooms: 8
  • Total Bathrooms: 8
  • Total Full Bathrooms: 8
  • Legal Description: McCord & Bayards SUB Lot 20 & 21 PT Lot 22
  • Parcel Number ID: 42-12-28-209-038.000-022
  • Platted: Yes
  • Amenities: Off Street Parking, Water Heater Electric
  • Cross Street: S. 12 1/2 St.
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Zoning Description: Light Industrial District
  • Special Features: None

Interior Features

  • Total Sq Ft: 5168
  • Total Finished Sq Ft: 5168
  • Above Grade Finished Sq Ft: 5168
  • Basement Foundation: Slab
  • Flooring: Carpet, Vinyl
  • Main Level Sq Ft: 2584
  • Number Of Ranges Ovens: 8

Exterior Features

  • Exterior: Brick
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 10
  • Parking: Lot, Off Street

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Electricity, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Water Company: Vincennes Water Utilities
  • Annual Insurance Expense: 999
  • Annual Maintenance Expense: 3360
  • Annual Trash Expense: 1284
  • Annual Water Sewer Expense: 2880
  • Number Electric Meters: 8
  • Number Water Meters: 1

Condo/Co-op/Association

  • Common Amenities: Sidewalks
  • Pet Restrictions: Yes

Schools

  • Elementary School: Vigo

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: Irregular
  • Estimated Lot Sq Ft: 13068
  • Estimated Lot Size Acres: 0.3

Rental Info

  • Lease Term: 1 Year, Month to Month
  • Owner Pays: Lawn Maintenance, Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Cable, Electric

Tax Info

  • Annual Property Tax: 3354.76

Multi Family

  • Number Of Refrigerators: 8
  • Number Of Units: 8
  • Num Of1 Bedrooms: 8

MLS Schools

  • High School: Lincoln
  • Middle School: Clark
  • School District: Vincennes Community School Corp.

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
10/16/2019 10/16/19 Sold $224,600 -13.6% $43 / Sq Ft
09/12/2019 09/12/19 Pending -- -- --
08/15/2019 08/15/19 For Sale $260,000 -- $50 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Heath Klein

    Seller's Agent in 2019

    Heath Klein

    KLEIN RLTY&AUCTION, INC.

    (812) 291-2202

    132 in this area

    155 Total Sales

    Heath Klein
    Section Image
  • Cameron Engstrom

    Buyer's Agent in 2019

    Cameron Engstrom

    KLEIN RLTY&AUCTION, INC.

    (812) 830-0019

    59 in this area

    100 Total Sales

    Cameron Engstrom
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201935524

Indiana Regional MLS
Indiana Knox County Vincennes 47591

1201 Nicholas St Unit 8, Vincennes, IN

Not Listed for Sale

MultiFamily

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