$550,000
SOLD APR 29, 2025
10 Beds
10 Baths
8,532 Sq Ft
0.42 Acres

Recently Sold

$64 Per Sq Ft

7% Below List Price

104 Days on Market

Highlights

  • 0.42 Acre Lot
  • Stone Countertops
  • Laundry in Utility Room
  • North High School Rated A-
  • Eat-In Kitchen
  • Luxury Vinyl Tile Flooring

About This Home

As of April 2025

CALLING ALL INVESTORS!! Excellent income generator! This 10 Unit building APPRAISED FOR $600K in 2022 BEFORE THE BRAND NEW ROOF and other updates. Some updates include stainless appliances and granite counter tops! All are one bedroom units and 7 have been recently remodeled. Most have their own washer and dryer. All have an unfinished basement space for additional storage. The main level features a Kitchen/Family Room and small space for washer/dryer. Upstairs is a Bedroom/Bathroom. Plenty of parking and an extra lot comes with it! HVAC recently replaced. Owner pays water, sewer and trash. Will sell as a package with other properties: 2701 Mount Vernon (12 unit building); 825 E Blackford (3 or 4 units); 1911 Lincoln (multi-use, perfect for student housing right by University of Evansville).

Last Agent to Sell the Property

Kent Brenneman

eXp Realty, LLC Brokerage Phone: 812-480-4663 Listed on: 12/12/2024

eXp Realty, LLC

Last Buyer's Agent

Kent Brenneman

eXp Realty, LLC Brokerage Phone: 812-480-4663 Listed on: 12/12/2024

eXp Realty, LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,008

Year Built

  • Built in 1899

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 80 x 140
  • Level Lot

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 8,532 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Kitchen

  • Eat-In Kitchen
  • Stone Countertops

Flooring

  • Carpet
  • Luxury Vinyl Tile
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Washer Hookup

Parking

  • 20 Parking Spaces
  • Gravel Driveway

Schools

  • Delaware Elementary School
  • North Middle School
  • North High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electric, sewer
  • The owner pays for maintenance, tax, trash collection, water
  • Assessor Parcel Number 82-06-20-026-060.009-029
  • Seller Concessions Not Offered

Community Details

Overview

  • 10 Units

Building Details

  • Electric Expense $403
  • Maintenance Expense $10,720
  • Trash Expense $1,650
  • Water Sewer Expense $2,100

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,008

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Complex
  • Year Built: 1899
  • Age: 126
  • Style: Two Story
  • Bedrooms: 10
  • Number Above Grade Bedrooms: 10
  • Total Bathrooms: 10
  • Total Full Bathrooms: 10
  • Legal Description: Garvin Park Lots 13 & 14 BL 10
  • Parcel Number ID: 82-06-20-026-060.009-029
  • Platted: Yes
  • Amenities: Basement, Countertops-Stone, Eat-In Kitchen, Washer Hook-Up
  • Sp Lp Percent: 98.21
  • Annual Miscellaneous: 4380
  • Monthly Gross Income: 6750
  • Year Taxes Payable: 2024
  • Special Features: None

Interior Features

  • Total Sq Ft: 8532
  • Total Finished Sq Ft: 8532
  • Above Grade Finished Sq Ft: 8532
  • Price Per Sq Ft: 64.46
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Flooring: Carpet, Vinyl Tile, Vinyl
  • Number Of Microwaves: 8
  • Number Of Ranges Ovens: 8

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 20
  • Parking: Gravel

Utilities

  • Cooling: Central Air
  • Heating Fuel: Heat Pump
  • Sewer: Public
  • Water Utilities: Public
  • Annual Electric: 403
  • Annual Maintenance Expense: 10720
  • Annual Trash Expense: 1650
  • Annual Water Sewer Expense: 2100
  • Number Of W D Hookups: 10

Schools

  • School District: Evansville-Vanderburgh School Corp.
  • Elementary School: Delaware
  • Middle School: North
  • High School: North
  • Elementary School: Delaware

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 80 x 140
  • Estimated Lot Sq Ft: 18295
  • Estimated Lot Size Acres: 0.42

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Maintenance, Tax, Trash Collection, Water
  • Tenant Pays: Electric, Sewer

Multi Family

  • Gross Monthly Rent: 6750
  • Number Of Dryers: 6
  • Number Of Refrigerators: 8
  • Number Of Units: 10
  • Number Of Washers: 6
  • Num Of1 Bedrooms: 10
  • Num Of Units Rented: 6

Tax Info

  • Annual Property Tax: 2008

MLS Schools

  • High School: North
  • Middle School: North
  • School District: Evansville-Vanderburgh School Corp.

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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
04/29/2025 04/29/25 Sold $550,000 -1.8% $64 / Sq Ft
03/26/2025 03/26/25 Pending -- -- --
03/04/2025 03/04/25 Price Changed $560,000 -2.6% $66 / Sq Ft
02/15/2025 02/15/25 Price Changed $575,000 -2.4% $67 / Sq Ft
12/12/2024 12/12/24 For Sale $589,000 +21.2% $69 / Sq Ft
07/01/2022 07/01/22 Sold $486,000 -2.8% $57 / Sq Ft
03/09/2022 03/09/22 Pending -- -- --
02/18/2022 02/18/22 For Sale $500,000 -- $59 / 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: 202447053

Indiana Regional MLS