Great investment opportunity! Currently has 2 units being used as Airbnb's. Both units have been remodeled in the past 3 years. The one bedroom has a full bath, laundry area. Lounge area in the bedroom, and separate kitchen area. Tastefully decorated, and both units are fully furnished. 2 bedroom unit has a full kitchen , laundry area, full bath, and living room. There is also a unit with a reception area, waiting room, and half bath. This buliding was formerly a medical office, and could be converted to many uses. Currently the office area could be rented out as well.
Discover a lucrative investment opportunity with this exceptional 32-unit apartment complex located at 1321 N. 3rd St., Vincennes, IN 47591. This property boasts 11 fully renovated one-bedroom, one-bath units, showcasing modern flooring, stylish trims, contemporary fixtures, sleek cabinetry, and high-end appliances. 5 units are 80-90% renovated with appliances on site as well as other materials. The renovations not only enhance aesthetic appeal but also ensure higher rental demand and increased revenue potential. The exterior of the building has seen significant upgrades, including improvements to the parking lot and mailbox area, creating a welcoming environment for residents. With half of the units already rehabilitated, investors have the unique opportunity to complete renovations on the remaining units, further increasing property value and maximizing rental income. Located in a desirable area, this apartment complex offers convenience to local amenities, schools, and public transportation, making it an attractive residence for tenants seeking comfort and accessibility. Positioned for growth, this property is ideal for investors looking to capitalize on the increased rental opportunities by enhancing remaining units and updating common areas. Don’t miss out on this chance to acquire a well-maintained asset with room for significant returns.
Consistent earning potential in small town Indiana. This 5 unit multifamily investment property has a long, proven history of consistent rental income. Property consists of 4 one-bedroom apartments and 1 two-bedroom apartment. Rental structure is currently flat rate rents with all gas, electric, water, and sewer paid by landlord. Many of the current tenants are long term renters. Rents can be raised to keep up with market and further increase revenue. Unit #1 545 sq ft. / 1-BR / $450 / 6.5 year tenant. Unit #2 328 sq ft. / 1-BR / $485 / 2.5 year tenant Unit #3 440 sq ft. / 1-BR / $450 / 5.5 year tenant Unit #4 575 sq ft. / 1-BR / $600 / 2 year tenant Unit #5 400 sq ft. / 1-BR / $510 / 1 year tenant Property exterior, plumbing, heating, and electrical have all been well maintained by owner. Owner is downsizing portfolio. Owner has a 9-unit building for sell a few blocks away. Ownerâs preference would be to sell both properties together. Property owners are family relatives of listing agent.
Consistent earning potential in small town Indiana. This 9 unit multifamily investment property has a long, proven history of consistent rental income. Property consists of 4 one-bedroom apartments and 5 studio apartments. Rental structure is currently flat rate rents with all gas, electric, water, and sewer included. Many of the current tenants are long term renters. Several rents could be raised to keep up with the market, Property exterior, plumbing, heating, and electrical have all been well maintained by owner. Unit #1 360 sq ft. / Studio / $525 / vacant. Unit #2 294 sq ft. / 1-BR / $565 / 2 year tenant. Unit #3 280 sq ft. / Studio / $410 / 5 year tenant. Unit #4 360 sq ft. / 1-BR / $550 / 4.5 year tenant. Unit #5 380 sq ft. / Studio / $525 / 1 year lease. Unit #6 450 sq ft. / 1-BR / $525 / 1 year lease. Unit #7 424 sq ft. / 1-BR / $540 / 5.5 year tenant. Unit #8 174 sq ft. / Studio / $470 / 7.5 year tenant. Unit #9 348 sq ft. / Studio / $525 / 1 year lease. Owner is downsizing portfolio. Owner has another 5-unit building for sell a few blocks away. Ownerâs preference would be to sell both properties together. Property owners are family relatives of listing agent.
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
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Vincennes is located in Indiana. Vincennes, Indiana has a population of 16,892. Vincennes is less family-centric than the surrounding county with 24.11% of the households containing married families with children. The county average for households married with children is 29.32%.
The median household income in Vincennes, Indiana is $43,184. The median household income for the surrounding county is $51,784 compared to the national median of $69,021. The median age of people living in Vincennes is 38 years.
The average high temperature in July is 88.1 degrees, with an average low temperature in January of 22.2 degrees. The average rainfall is approximately 45.2 inches per year, with 10.9 inches of snow per year.
