$645,000
SOLD AUG 2, 2024

2701 Mount Vernon Ave Evansville, IN 47712

12 Beds
12 Baths
7,920 Sq Ft
0.27 Acres

Recently Sold

$81 Per Sq Ft

85 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating and Cooling System
  • Carpet
  • Balcony

About This Home

As of April 2025

This apartment building is close to schools, shopping, professional services, and just a few blocks west of the most dynamic WestSide merchants and entertainment MECA . . . West Franklin Street. A very well maintained, virtually no vacancy periods, property. There are three floors with 4 units on each floor. In the lower level, there is an income producing laundry room. Bring your investors right away, this property won't be on the market long. Capital improvements made by owner: Updated laundry, new windows, updated kitchens and bathrooms with dishwasher in most units, about half of the units have updated HVAC, new floor coverings and painted throughout, all appliances included, roof 12 years old, 2 commercial washers, 2 commercial dryers, all coin operated also included, provide additional income. Ample paved parking lot.

Last Agent to Sell the Property

Harris Howerton

Harris Howerton Real Estate Brokerage Phone: 812-204-6444 Listed on: 03/11/2024

Last Buyer's Agent

Kent Brenneman

eXp Realty, LLC

eXp Realty, LLC

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1970

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 123 x 111
  • Corner Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • 4 Bathrooms in Basement
  • 4 Bedrooms in Basement

Parking

  • 12 Parking Spaces
  • Paved Parking
  • Off-Street Parking

Schools

  • Tekoppel Elementary School
  • Helfrich Middle School
  • Francis Joseph Reitz High School

Additional Features

  • Balcony
  • Forced Air Heating and Cooling System

Community Details

  • 12 Units

Listing and Financial Details

  • Tenant pays for electric, fuel
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 82-05-23-018-033.053-025

Property Details

Home Type

Apartment

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1970
  • Age: 54
  • Style: Two Story
  • Bedrooms: 12
  • Number Above Grade Bedrooms: 8
  • Total Bathrooms: 12
  • Total Full Bathrooms: 12
  • Legal Description: HELFRICH HTS L 53 SEC 8
  • Parcel Number ID: 82-05-23-018-033.053-025
  • Platted: Yes
  • Amenities: Balcony, Detector-Smoke
  • Number Below Grade Bedrooms: 4
  • Sp Lp Percent: 100
  • Year Taxes Payable: 3383.68
  • Special Features: None

Interior Features

  • Total Sq Ft: 7920
  • Total Finished Sq Ft: 7920
  • Above Grade Finished Sq Ft: 5280
  • Below Grade Finished Sq Ft: 2640
  • Price Per Sq Ft: 122.16
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Carpet, Vinyl
  • Number Below Grade Bathrooms: 4
  • Total Below Grade Sq Ft: 2640
  • Number Of Ranges Ovens: 12
  • Number Ttl Rooms Below Grade: 17

Exterior Features

  • Exterior: Brick
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 12
  • Parking: Off Street, Paved

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Number Of W D Hookups: 4

Schools

  • School District: Evansville-Vanderburgh School Corp.
  • Elementary School: Tekoppel
  • Middle School: Helfrich
  • High School: Francis Joseph Reitz
  • Elementary School: Tekoppel

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 123 x 111
  • Estimated Lot Sq Ft: 11761
  • Estimated Lot Size Acres: 0.27

Rental Info

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

Multi Family

  • Number Of Dishwashers: 12
  • Number Of Dryers: 2
  • Number Of Refrigerators: 12
  • Number Of Units: 12
  • Number Of Washers: 2
  • Num Of1 Bedrooms: 12
  • Num Of Units Rented: 12

MLS Schools

  • High School: Francis Joseph Reitz
  • Middle School: Helfrich
  • School District: Evansville-Vanderburgh 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
04/02/2025 04/02/25 Sold $750,000 -6.1% $95 / Sq Ft
03/02/2025 03/02/25 Pending -- -- --
02/14/2025 02/14/25 For Sale $799,000 +23.9% $101 / Sq Ft
08/02/2024 08/02/24 Sold $645,000 0.0% $81 / Sq Ft
06/04/2024 06/04/24 Pending -- -- --
05/08/2024 05/08/24 For Sale $645,000 0.0% $81 / Sq Ft
03/13/2024 03/13/24 Pending -- -- --
03/11/2024 03/11/24 For Sale $645,000 -- $81 / 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: 202407861

Indiana Regional MLS