720 E Scott Street Vincennes, IN 47591

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. Continue reading