NOT LISTED FOR SALE

2019 College Ave Vincennes, IN 47591

8 Beds
4 Baths
3,744 Sq Ft
0.25 Acres

Last Sold July 01, 2019

Last sale price $159,500 $43 Per Sq Ft

Highlights

  • 60 Feet of Waterfront
  • Lake Property
  • Eat-In Kitchen
  • Boat Dock
  • Community Pool
  • Laundry closet

About This Home

As of July 2019

This turnkey investment property is a 100% occupancy 4 plex. We hand over the keys and the hard work is already done. All 4 units are 2 bedroom, 1 bath, total electric units with Laundry Hookups. The owner provides Refrigerator and Stove for each unit. 3 units pay $600/month, while 1 unit (Long term tenant of 5+ years) is paying $550/month. The property is lakefront on Indian Lake and also includes a dock. This property has great rental history and is right across from the YMCA. Tenant pays for Electric, Trash, and Cable/Internet. Landlord pays Water/Sewer (Avg. $150-$175/month) and Lawn maintenance.

Last Agent to Sell the Property

Tyler Simmons

KLEIN RLTY&AUCTION, INC. Listed on: 06/06/2019

Last Buyer's Agent

Heath Klein

KLEIN RLTY&AUCTION, INC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,353

Year Built

  • Built in 1978

Lot Details

  • 0.25 Acre Lot
  • 60 Feet of Waterfront
  • Lake Front
  • Level Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Eat-In Kitchen

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry closet
  • Washer Hookup

Parking

  • 8 Parking Spaces
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Seawall
  • Lake Property
  • Lake, Pond or Stream

Location

  • Suburban Location

Schools

  • Franklin Elementary School
  • Clark Middle School
  • Lincoln High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable, electric, trash collection
  • The owner pays for lawn maintenance, sewer, tax, water
  • Assessor Parcel Number 42-12-27-111-010.000-022

Community Details

Overview

  • 4 Units

Recreation

  • Boat Dock
  • Pier or Dock
  • Community Pool

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Water Sewer Expense $1,920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,353

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Waterfront: Yes
  • Year Built: 1978
  • Age: 41
  • Style: Two Story
  • Bedrooms: 8
  • Number Above Grade Bedrooms: 8
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: PT UP SUR 4-3N-10W
  • Parcel Number ID: 42-12-27-111-010.000-022
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking, Cable Ready, Deck Open, Eat-In Kitchen, Water Heater Electric, Washer Hook-Up
  • Inside City Limits: Yes
  • Location: City/Town/Suburb, Lake
  • Sp Lp Percent: 91.19
  • Monthly Gross Income: 2350
  • Year Taxes Payable: 18 Pay 19
  • Special Features: None

Interior Features

  • Total Sq Ft: 3744
  • Total Finished Sq Ft: 3744
  • Above Grade Finished Sq Ft: 3744
  • Price Per Sq Ft: 42.6
  • Flooring: Carpet, Vinyl
  • Main Level Sq Ft: 1872
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Brick, Wood
  • Roof Material: Asphalt
  • Pool: Yes
  • Sea Wall Type: Rip Rap
  • Water Features: Pier/Dock
  • Water Frontage: 60
  • Water Name: Indian Lake
  • Stories: 2

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 8
  • Parking: Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electricity, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Water Company: Vincennes Water Utilities
  • Cable Company: Cinergy MetroNet
  • Water Type: Lake
  • Annual Insurance Expense: 2000
  • Annual Water Sewer Expense: 1920
  • Number Electric Meters: 4
  • Number Of W D Hookups: 4
  • Number Water Meters: 1

Condo/Co-op/Association

  • Common Amenities: Dock, Sidewalks

Schools

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

Lot Info

  • Lot Description: Lake, Level
  • Lot Dimensions: Square
  • Estimated Lot Sq Ft: 10890
  • Estimated Lot Size Acres: 0.25

Green Features

  • Energy Efficient Windows/Doors: Energy Star Windows

Rental Info

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

Multi Family

  • Water Access: Lakefront
  • Gross Monthly Rent: 2350
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of2 Bedrooms: 4
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 3353.28

MLS Schools

  • High School: Lincoln
  • Middle School: Clark
  • School District: Vincennes Community 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
07/01/2019 07/01/19 Sold $159,500 -8.8% $43 / Sq Ft
06/06/2019 06/06/19 Pending -- -- --
06/06/2019 06/06/19 For Sale $174,900 +6.0% $47 / Sq Ft
12/31/2013 12/31/13 Sold $165,000 0.0% $44 / Sq Ft
11/05/2013 11/05/13 Pending -- -- --
11/05/2013 11/05/13 For Sale $165,000 -- $44 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Simmons

    Seller's Agent in 2019

    Tyler Simmons

    KLEIN RLTY&AUCTION, INC.

    (812) 890-1827

    223 Total Sales

    Section Image
  • Heath Klein

    Buyer's Agent in 2019

    Heath Klein

    KLEIN RLTY&AUCTION, INC.

    (812) 291-2202

    157 Total Sales

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201923049

Indiana Regional MLS

Indiana Knox County Vincennes 47591

2019 College Ave, Vincennes, IN

This home is located at 2019 College Ave, Vincennes, IN 47591 since 06 June 2019. This property was built in 1978. 2019 College Ave is a home located in Knox County with nearby schools including Lincoln High School, Flaget Elementary School, and Rivet Middle/High School.

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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