NOT LISTED FOR SALE

Estimated Value: $129,000 - $142,000

4 Beds
1 Bath
1,924 Sq Ft
$72/Sq Ft Est. Value

Last Sold December 29, 2021

Last sale price $857,500 $446 Per Sq Ft

Current estimated payment $826/month

74 Days on Market

Highlights

  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Carpet
  • North High School Rated A-
  • Level Lot

About This Home

As of December 2021

Great Cap Rate!! Total Gross Income of over $14,000 Monthly with only one unit not filled. This is a total package 21 rental Units and 4 additional lots located in Evansville Indiana to be sold as one Portfolio. Total portfolio consists of 17 Single Family homes, 2 Duplexes, and 4 additional lots. Addresses and rents are as Follows; 1204 East Iowa Street= $845.00 ; 1205 E Iowa Street= $825.00; 624 East Delaware Street= $795; 620 E Delaware Street= $845; 407 E Delaware= $700; 16 East Missouri= $725; 113 West Oregon= $700.00 Currently being Evicted for Non-pay; 1411 Marilyn Unit A&B= $750.00 & $595.00; 1322 West Columbia Street=.00 Unoccupied. 1324 West Columbia Street A&B= $400 & $400 1 is getting Evicted; 1328 Columbia Street= $800; 212 Leslie $700; 866 Cherry= $595.00; 525 S Kentucky Avenue= $850; 1211 S Linwood Drive= $700; 801 Monroe Avenue= $765.00; 606 E Riverside=$795.00; 1930 E Blackford= $850.00; 611 E Virginia= $600 And 4 lots located at 1318 West Columbia, 1320 W Columbia, 1326 W Columbia, and 1207 S Linwood Drive. Properties are under New Management. Numbers listed are from new Management. Tax Returns will not show these numbers due to properties having underperformed in last 3 years until January. Current Rent Roll documents are available!! Properties are selling Subject to Tenants Rights. Do not trespass on the Properties.

Last Agent to Sell the Property

Delmar Wagler

Integrity Realty Group LLC Listed on: 08/13/2021

Last Buyer's Agent

Stacey Carpenter

KELLER WILLIAMS CAPITAL REALTY

KELLER WILLIAMS CAPITAL REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1904

Lot Details

  • 3,810 Sq Ft Lot
  • Lot Dimensions are 30 x 127
  • Level Lot

Home Design

  • Shingle Siding
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Carpet
  • Partially Finished Basement
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable, electric, heating, water
  • The owner pays for maintenance
  • Assessor Parcel Number 82-06-20-025-015.003-029

Community Details

Overview

  • 21 Units

Building Details

  • Fuel Expense $1,000
  • Insurance Expense $6,000
  • Maintenance Expense $24,000
  • Water Sewer Expense $3,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1904
  • Style: Two Story
  • Bedrooms: 4
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: HEIDELBACH & ELSAS ENL PT LOT 3 & PT LOT 4 BL 13 And Others!!
  • Parcel Number ID: 82-06-20-025-015.003-029
  • Platted: Yes
  • Amenities: Off Street Parking
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 2164
  • Total Finished Sq Ft: 1924
  • Above Grade Finished Sq Ft: 1924
  • Below Grade Sq Ft: 240
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Flooring: Carpet
  • Total Below Grade Sq Ft: 240
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Shingle, Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Fuel Expense: 1000
  • Annual Insurance Expense: 6000
  • Annual Maintenance Expense: 24000
  • Annual Water Sewer Expense: 3600
  • Number Of W D Hookups: 1

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 30 x 127
  • Estimated Lot Sq Ft: 3810
  • Estimated Lot Size Acres: 0.0875
  • Lot Number: 3

Rental Info

  • Lease Term: Month to Month, 1 Year
  • Owner Pays: Maintenance
  • Tenant Pays: Cable, Electric, Heating, Water

Tax Info

  • Annual Property Tax: 22000

Multi Family

  • Number Of Units: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2014
Closed on
Jan 7, 2015
Sold by
Hud
Bought by
Bassemier Investments Inc
Seller's Agent
Ann Winiger
F.C. TUCKER EMGE
Buyer's Agent
Tony Lasher
FIRST CLASS REALTY
List Price
$26,400
Sold Price
$19,400
Premium/Discount to List
-$7,000
-26.52%
Current Estimated Value
$137,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,267
Avg. Annual Appreciation
19.44%

Purchase Details

Closed on
Jun 1, 2014
Sold by
Freedom Mortgage Corp
Bought by
Hud

Purchase Details

Closed on
Apr 25, 2013
Sold by
Vanderburgh County Sheriff
Bought by
Freedoma Mortgage Corporation

Purchase Details

Closed on
Mar 20, 2009
Sold by
Miller Property Investments Llp
Bought by
Dyson Norma D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,569
Interest Rate
5.11%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 21, 2006
Sold by
Leudenburg Judy Gail
Bought by
Miller Property Investments Llp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,000
Interest Rate
6.24%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bassemier Investments Inc -- Regional Title Services Llc
Hud -- --
Freedoma Mortgage Corporation $91,200 --
Dyson Norma D -- None Available
Miller Property Investments Llp -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dyson Norma D $77,569
Previous Owner Miller Property Investments Llp $46,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/29/2021 12/29/21 Sold $857,500 -4.1% $446 / Sq Ft
10/26/2021 10/26/21 Pending -- -- --
10/25/2021 10/25/21 For Sale $894,000 0.0% $465 / Sq Ft
08/23/2021 08/23/21 Pending -- -- --
08/13/2021 08/13/21 For Sale $894,000 +1417.8% $465 / Sq Ft
08/31/2018 08/31/18 Sold -- -- -- View Prior Sale
02/09/2018 02/09/18 For Sale $58,900 +203.6% $31 / Sq Ft
01/08/2015 01/08/15 Sold $19,400 -26.5% $20 / Sq Ft View Prior Sale
11/25/2014 11/25/14 Pending -- -- --
08/22/2014 08/22/14 For Sale $26,400 -- $27 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,267 $58,700 $5,000 $53,700
2023 $1,240 $57,100 $5,000 $52,100
2022 $1,253 $57,400 $5,000 $52,400
2021 $725 $32,600 $5,000 $27,600
2020 $708 $32,600 $5,000 $27,600
2019 $704 $32,600 $5,000 $27,600
2018 $1,322 $32,600 $5,000 $27,600
2017 $706 $32,400 $5,000 $27,400
2016 $712 $32,600 $5,000 $27,600
2014 $1,536 $70,300 $5,000 $65,300
2013 -- $71,000 $5,000 $66,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202133338

Indiana Regional MLS

APN: 82-06-20-025-015.003-029