$156,000
SOLD SEP 1, 2015
8 Beds
6 Baths
3,894 Sq Ft
0.34 Acres

Recently Sold

$40 Per Sq Ft

16% Below List Price

104 Days on Market

Highlights

  • Laundry in Utility Room
  • Forced Air Heating and Cooling System
  • Carpet
  • Multiple cooling system units
  • Level Lot

About This Home

As of April 2022

Hard to find, 6 unit apartment building. 2 - 2 BR/1 bath units with approximately 850 sq ft each and 4 1 BR/1bath units with approximately 540 sq ft each. Total square footage is approximately 3900 sq ft on 2 levels. Good cash flow and low maintenance on these units with great long term tenants. Seller is providing a 1 year AHS home warranty on all 6 units covering the high dollar mechanical items! Owner pays water/sewer and trash, tenants have separate meters for their gas and electric. Paved concrete parking on both the East side and West side of the building. Central AC and furnaces, many of which have been replaced/updated Most Water heaters are replaced/updated by Hoffman Plumbing.

Last Agent to Sell the Property

Charles Newton

KELLER WILLIAMS CAPITAL REALTY Listed on: 04/14/2015

Co-Listed By

Rick Doss

KELLER WILLIAMS CAPITAL REALTY

Last Buyer's Agent

Charlie Butler

KELLER WILLIAMS CAPITAL REALTY

KELLER WILLIAMS CAPITAL REALTY

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,034

Year Built

  • Built in 1981

Lot Details

  • 0.34 Acre Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Laundry in Utility Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Full Bathrooms

Parking

  • 12 Parking Spaces
  • Driveway

Schools

  • Dexter Elementary School
  • Washington Middle School
  • Bosse High School

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cooling, electric, fuel, heating
  • The owner pays for sewer, trash collection
  • Assessor Parcel Number 820634017081022027

Community Details

Overview

  • 6 Units

Pet Policy

  • Pet Restriction

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,477
  • Maintenance Expense $1,030
  • Trash Expense $1,063
  • Water Sewer Expense $2,184

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,034

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1981
  • Age: 34
  • Style: Two Story
  • Bedrooms: 8
  • Number Above Grade Bedrooms: 8
  • Total Bathrooms: 6
  • Total Full Bathrooms: 6
  • Legal Description: PT NW SE 34-6-10 |
  • Parcel Number ID: 820634017081022027
  • Platted: Yes
  • Amenities: Cable Ready
  • Road Access: City
  • Road Surface: Asphalt
  • Sp Lp Percent: 89.19
  • Annual Miscellaneous: 165
  • Monthly Gross Income: 2210
  • Year Taxes Payable: 2014
  • Special Features: None

Interior Features

  • Total Sq Ft: 3894
  • Total Finished Sq Ft: 3894
  • Above Grade Finished Sq Ft: 3894
  • Price Per Sq Ft: 40.06
  • Basement Foundation: Slab
  • Flooring: Carpet, Vinyl
  • Main Level Sq Ft: 1947
  • Number Of Disposals: 6
  • Number Of Ranges Ovens: 6

Exterior Features

  • Exterior: Brick, Stucco
  • Stories: 2
  • Outbuilding Sq Ft: 168

Garage/Parking

  • Number Of Parking Spaces: 12

Utilities

  • Cooling: Central Air, Multiple Cooling Units
  • Heating Fuel: Gas, Forced Air
  • Sewer: City, Public
  • Water Utilities: City, Public
  • Annual Insurance Expense: 1477
  • Annual Maintenance Expense: 1030
  • Annual Trash Expense: 1063
  • Annual Water Sewer Expense: 2184
  • Number Electric Meters: 6
  • Number Gas Meters: 6
  • 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: Dexter
  • Middle School: Washington
  • High School: Bosse
  • Elementary School: Dexter

Lot Info

  • Lot Description: Level
  • Estimated Lot Sq Ft: 14841
  • Estimated Lot Size Acres: 0.3407

Rental Info

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

Tax Info

  • Total Assessed Value: 94200
  • Annual Property Tax: 2034

Multi Family

  • Gross Monthly Rent: 2210
  • Number Of Refrigerators: 6
  • Number Of Units: 6
  • Num Of1 Bedrooms: 4
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 6

MLS Schools

  • High School: Bosse
  • Middle School: Washington
  • 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
04/01/2022 04/01/22 Sold $300,000 +1.7% $77 / Sq Ft
12/27/2021 12/27/21 Pending -- -- --
12/22/2021 12/22/21 For Sale $295,000 +79.9% $76 / Sq Ft
03/15/2018 03/15/18 Sold $164,000 -8.9% $42 / Sq Ft
01/29/2018 01/29/18 Pending -- -- --
08/24/2017 08/24/17 For Sale $180,000 +15.4% $46 / Sq Ft
09/01/2015 09/01/15 Sold $156,000 -15.6% $40 / Sq Ft
07/27/2015 07/27/15 Pending -- -- --
04/14/2015 04/14/15 For Sale $184,900 -- $47 / 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: 201515227

Indiana Regional MLS