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.
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.
The median home value in Vincennes, IN is $137,200. This is higher than the county median home value of $121,000. The national median home value is $338,100. The average price of homes sold in Vincennes, IN is $137,200. Approximately 40.91% of Vincennes homes are owned, compared to 47.59% rented, while 11.5% 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 47591 has a population of 16,892. Vincennes 47591 is less family-centric than the surrounding county with 26.61% 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 47591 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 47591 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.