Vincennes IN Multi Family for Sale

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Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
8
Lot size:
0.27 Acres
Year built:
1984
Baths:
4.00
MLS#:
202435687

ADDITIONAL INFORMATION

INVESTMENT PROPERTY featuring 2 duplexes with 4 units. Each unit is 2 bedrooms 1 bath with 890 square feet of living space. There are lots of recent updates that were made to some of the units. Both buildings are combined as 1 parcel. This is a great source of income where an investor can capture 4 units at 1 location. Built in 1984. All units have separate utilities that the tenants pay. 2 units have in unit laundry and 2 do not. There is off street parking in the back of the building for the rear units. Total combined monthly net income on this property is $3030. Taxes and Insurance yearly are approximately $4800 combined. All units are fully occupied, in 2 units the tenants have lived here over 3 years. Property address: Front building 115 & 117 W Lyndale Avenue, Rear Building is 119A & 119B.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
4
Lot size:
0.3 Acres
Year built:
1984
Baths:
2.00
MLS#:
202435677

ADDITIONAL INFORMATION

Duplex home in a great location! Each unit is 2 bedrooms and 1 bathroom. Each unit has separate utilities that are paid by tenants. Each unit is fully rented with long term tenants. Monthly Rent total is $1,620. Property Tax is $2736 and insurance is $1250. Garage space is currently not used by tenants but it could be offered for an addtional fee.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
2
Lot size:
0.15 Acres
Year built:
1900
Baths:
2.00
MLS#:
202432812

ADDITIONAL INFORMATION

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.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
2
Lot size:
0.15 Acres
Year built:
1910
Baths:
2.00
MLS#:
202427552

ADDITIONAL INFORMATION

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.

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.15 Acres
Year built:
1930
Baths:
MLS#:
202207616

ADDITIONAL INFORMATION

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.

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.13 Acres
Year built:
1918
Baths:
MLS#:
202207613

ADDITIONAL INFORMATION

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.

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Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176


Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX information provided by the Indiana Regional MLS. Copyright 2024 Indiana Regional MLS. All rights reserved.

Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176

Information is provided exclusively for consumers personal, non - commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024, Southern Indiana Realtors Association. All rights reserved.




Vincennes Real Estate

The median home value in Vincennes, IN is $173,250. This is higher than the county median home value of $84,100. The national median home value is $219,700. The average price of homes sold in Vincennes, IN is $173,250. Approximately 43.25% of Vincennes homes are owned, compared to 43.58% rented, while 13.17% are vacant. Vincennes real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Vincennes real estate agent to arrange a tour today!

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.

Vincennes Weather

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.

Vincennes Real Estate Market Conditions

  • Median sales price

    $173,250
    15.86% change since last quarter
  • # Active listings

    119
    30-day change

Vincennes Schools and Demographics

Education near Vincennes, IN

Metric City County
High School Graduates 83.68 88.2
College Degree - 2 year 15.1 16.98
College Degree - 4 year 15.11 16.06
Graduate Degree 4.57 4.45
Expenditures per Student 10,029 10,281
Students per Teacher 14.4 16.4

Elementary Schools near Vincennes, IN

School Grades Students P/T Ratio ZIP
Benjamin Franklin Elementary School KG - 05 467 17.3 47591
Francis VIGO Elementary School KG - 05 360 14.4 47591
Helen Griffith Elementary School KG - 06 443 24.6 47501
James Whitcomb Riley Elementary School KG - 05 179 9.9 47591
Lena DUNN Elementary School KG - 06 420 22.1 47501
North Elementary School KG - 06 429 21.4 47501
North Knox Intermediate 03 - 06 412 24.2 47516
North Knox Primary School KG - 02 322 24.8 47512
Petersburg Elementary School PK - 05 445 16 47567
South Knox Elementary School KG - 06 682 20.1 47591
Tecumseh-Harrison Elementary School KG - 05 320 15.2 47591
Veale Elementary School KG - 06 170 18.9 47501

Middle Schools near Vincennes, IN

School Grades Students P/T Ratio ZIP
George Rogers Clark School 06 - 08 591 18.5 47591
Pike Central Middle School 06 - 08 447 15.4 47567
Washington Junior High School 07 - 08 391 16.3 47501

High Schools near Vincennes, IN

School Grades Students P/T Ratio ZIP
Lincoln High School 09 - 12 794 16.9 47591
North Knox Junior/Senior High School 07 - 12 605 17.9 47512
Pike Central High School 09 - 12 567 15.2 47567
South Knox Middle-High School 07 - 12 536 17.4 47591
Washington High School 09 - 12 714 16.5 47501

Demographics near Vincennes, IN

Metric City County
Neighborhood Type Small Town
Population 17,944 37,763
Population Density 2,422 73
Median Age 34 38.1
People per Household 2.2 2.4
Median Household Income 36,724 44,837
Average Income per Capita 19,529 23,441