Duplex with 2 units, each with one bedroom, living room, eat-in kitchen, with stove and refrigerator in each, laundry hook-up and bathroom, off street and street parking, covered front porch and back patio space.
Great investment opportunity awaits in this duplex located at 1664 Washington Ave., Apt. A is a 1 or 2 bedroom unit with stove, refrigerator and stack-able washer and dryer included, plus street and an off street parking space. Apt. B is a 1 bedroom unit with eat-in kitchen, stove and refrigerator included, & a 1 car attached garage.
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 17,944. Vincennes is less family-centric than the surrounding county with 27.05% of the households containing married families with children. The county average for households married with children is 30.43%.
The median household income in Vincennes, Indiana is $36,724. The median household income for the surrounding county is $44,837 compared to the national median of $57,652. The median age of people living in Vincennes is 34 years.
The average high temperature in July is 86.7 degrees, with an average low temperature in January of 21.9 degrees. The average rainfall is approximately 45.6 inches per year, with 11.9 inches of snow per year.
