NOT LISTED FOR SALE

1566 S Kentucky Ave Evansville, IN 47714

Akin Park Neighborhood
22 Beds
13 Baths
16,383 Sq Ft
10,125 Sq Ft Lot

Last Sold November 29, 2021

Last sale price $550,000 $34 Per Sq Ft

888 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Forced Air Heating and Cooling System
  • Level Lot

About This Home

As of November 2021

Looking to build your investment portfolio? This offering consists of a total of 4 professionally managed buildings (three 4-unit buildings and 1 house). All units are occupied (some new tenants and some long term tenants) allowing you to start in the green. Highly Desirable Neighborhood, near IU Medical School, University of Evansville, Memorial and Bosse High Schools, and the Private Charter School Joshua Academy. Brick exteriors for low maintenance, plenty of off street parking and laundry hook-ups available. Additional income is available with 4 car garage rental. Landlord pays water in 1566, tenant pays all other utilities. Tenant pays all utilities in 1550 and 1556. All multiplexes have house meters and average $15-20 per month. Recent updates to properties: 1550 S Kentucky - Unit D HVAC condenser replaced - June 2018 - All Units - new commercial carpet in common areas - June 2018 1556 S Kentucky - All Units - new commercial carpet in common areas - June 2018 1562 S Kentucky - Roof replaced - June 2018. Charming brick Tudor style home. Updated kitchen & baths. Bedrooms upstairs with full bathroom & offers an unfinished basement. 1566 S Kentucky - all units vacated and totally remodeled - Both Garage Doors Replaced - June 2018 - All Units - new commercial carpet in common areas - June 2018 - All Units - exterior common doors replaced with steel doors - June 2018 - All landscaping updated spring 2018 - All Units - new flooring/paint throughout

Last Agent to Sell the Property

Kimberly Clark

eXp Realty, LLC Listed on: 02/01/2019

eXp Realty, LLC

Last Buyer's Agent

Kimberly Clark

eXp Realty, LLC Listed on: 02/01/2019

eXp Realty, LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,151

Year Built

  • Built in 1940

Lot Details

  • 10,125 Sq Ft Lot
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 16,383 Sq Ft Home
  • 2-Story Property
  • Washer Hookup

Flooring

  • Carpet
  • Ceramic Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 22 Bedrooms
  • 13 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 82-06-33-013-012.006-027

Community Details

Overview

  • 4 Buildings
  • 13 Units

Pet Policy

  • Pet Restriction

Building Details

  • 13 Separate Electric Meters
  • 13 Separate Water Meters

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,151

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Complex
  • Year Built: 1940
  • Age: 81
  • Style: Two Story
  • Bedrooms: 22
  • Number Above Grade Bedrooms: 22
  • Total Bathrooms: 13
  • Total Full Bathrooms: 13
  • Legal Description: HARTS AMENDED PLAT LTS 1, 2, 3 & 4 BL15 HART'S AMENDED PLAT OF PT HART PLACE L 5 & L 6 BL 15
  • Parcel Number ID: 82-06-33-013-012.006-027
  • Platted: Yes
  • Amenities: Off Street Parking, Cable Ready, Washer Hook-Up
  • Inside City Limits: Yes
  • Sp Lp Percent: 95.65
  • Monthly Gross Income: 5751
  • Special Features: None

Interior Features

  • Total Sq Ft: 16383
  • Total Finished Sq Ft: 16383
  • Above Grade Finished Sq Ft: 16383
  • Price Per Sq Ft: 33.57
  • Flooring: Carpet, Ceramic Tile, Vinyl Tile

Exterior Features

  • Exterior: Brick
  • Stories: 2

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: Public
  • Water Utilities: Public
  • Number Electric Meters: 13
  • Number Of W D Hookups: 13
  • Number Water Meters: 13

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Evansville-Vanderburgh School Corp.
  • Elementary School: John M Culver
  • Middle School: Glenwood
  • High School: Bosse

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 45 FF X 125 Dpth & 82 FF X 125 Dpth
  • Estimated Lot Sq Ft: 10125
  • Estimated Lot Size Acres: 0.2324
  • Lot Number: 5

Rental Info

  • Lease Term: 1 Year, Renewal Options

Multi Family

  • Gross Monthly Rent: 5751
  • Number Of Units: 13
  • Num Of1 Bedrooms: 4
  • Num Of2 Bedrooms: 9
  • Num Of Units Rented: 11

Tax Info

  • Annual Property Tax: 6151.36

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
11/29/2021 11/29/21 Sold $550,000 -4.3% $34 / Sq Ft
07/08/2021 07/08/21 Pending -- -- --
02/01/2019 02/01/19 For Sale $575,000 -- $35 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kimberly Clark

    Seller's Agent in 2021

    Kimberly Clark

    eXp Realty, LLC

    (812) 449-2119

    2 in this area

    290 Total Sales

    Kimberly Clark
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Map

Source: Indiana Regional MLS

MLS Number: 201903798

Indiana Regional MLS
Indiana Vanderburgh County Evansville 47713 Akin Park

1566 S Kentucky Ave, Evansville, IN

This home is located at 1566 S Kentucky Ave, Evansville, IN 47714 since 01 February 2019. This property was built in 1940. 1566 S Kentucky Ave is a home located in Vanderburgh County with nearby schools including Benjamin Bosse High School, Glenwood Leadership Academy, and Annunciation Catholic School - Holy Spirit Campus.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for 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 not guaranteed.

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