NOT LISTED FOR SALE
10 Beds
5 Baths
5,146 Sq Ft
6,534 Sq Ft Lot

Last Sold August 16, 2023

Last sale price $212,000 $41 Per Sq Ft

125 Days on Market

Highlights

  • Tile Flooring
  • North High School Rated A-
  • Level Lot

About This Home

As of August 2023

Income producing gold mine! Fully rented generates $39,000 annual gross rents. Each unit pays their own gas/electric. 4 units have gas heat and the efficiency unit has a brand new electric baseboard heater. 2 brand new water heaters. Storage area, unfinished attic, and unfinished basement maintained by owner. Small parking area in back along with lots of street parking. Owner pays water which averages $200/month. A dumpster is required and owner pays approximately $150/month. 3 tenants are long term tenants and are wanting to stay. The current occupied units all have a refrigerator and range. American Home Shield warranty included ($1700 value). The address for the units are 819, 821, & 823 N Lafayette and 303 & 307 E Maryland.

Last Agent to Sell the Property

Rick Stephens

KELLER WILLIAMS CAPITAL REALTY Listed on: 02/21/2023

KELLER WILLIAMS CAPITAL REALTY

Last Buyer's Agent

Liz Miller

ERA FIRST ADVANTAGE REALTY, INC

ERA FIRST ADVANTAGE REALTY, INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,251

Year Built

  • Built in 1919

Lot Details

  • 6,534 Sq Ft Lot
  • Level Lot

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 5,146 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Full Bathrooms

Parking

  • 10 Parking Spaces
  • Off-Street Parking

Schools

  • Delaware Elementary School
  • North Middle School
  • North High School

Utilities

  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, fuel
  • The owner pays for sewer, tax, trash collection, water
  • Assessor Parcel Number 82-06-20-025-065.001-029

Community Details

Overview

  • 5 Units
  • Vanderburgh Subdivision

Building Details

  • Electric Expense $500
  • Maintenance Expense $750
  • Trash Expense $1,800
  • Water Sewer Expense $2,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,251

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fiveplex
  • Year Built: 1919
  • Age: 104
  • Style: Two Story
  • Bedrooms: 10
  • Number Above Grade Bedrooms: 10
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: VANDERBURG ADD L 1 L 2 BL 1
  • Parcel Number ID: 82-06-20-025-065.001-029
  • Platted: Yes
  • Amenities: Off Street Parking
  • Cross Street: Maryland
  • Sp Lp Percent: 75.99
  • Monthly Gross Income: 3250
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 5146
  • Total Finished Sq Ft: 5146
  • Above Grade Finished Sq Ft: 5146
  • Price Per Sq Ft: 41.2
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Flooring: Carpet, Tile
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 10

Utilities

  • Heating Fuel: Electricity, Gas
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 500
  • Annual Maintenance Expense: 750
  • Annual Trash Expense: 1800
  • Annual Water Sewer Expense: 2100

Schools

  • School District: Evansville-Vanderburgh School Corp.
  • Elementary School: Delaware
  • Middle School: North
  • High School: North
  • Elementary School: Delaware

Lot Info

  • Lot Description: Level
  • Estimated Lot Sq Ft: 6534
  • Estimated Lot Size Acres: 0.15

Rental Info

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

Multi Family

  • Gross Monthly Rent: 3250
  • Number Of Refrigerators: 4
  • Number Of Units: 5
  • Num Of2 Bedrooms: 2
  • Number Of 3 Bedrooms: 2
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 1251

MLS Schools

  • High School: North
  • Middle School: North
  • 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
08/16/2023 08/16/23 Sold $212,000 -24.0% $41 / Sq Ft
06/30/2023 06/30/23 Pending -- -- --
04/26/2023 04/26/23 Price Changed $279,000 -4.5% $54 / Sq Ft
02/25/2023 02/25/23 For Sale $292,000 -- $57 / 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: 202305062

Indiana Regional MLS