412 Runnymeade Ave - REDUCED

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30009203
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 3 Units
Building Size (RSF): 2,178 SF
Gross Land Area: 8,418 SF
Sale Price: $140,000
Unit Price: $46,666.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Last Updated: 10/12/2017

Overview / Comments

CAMPUS ADJACENT RENTALS - Three 2 bed/1 bath units on Runnymeade Avenue adjacent to University of Evansville campus. Solid built brick construction with many updates including new electric, tile flooring, waterproofing and more. Gas heat, central air, and hot water are common. Shared basement laundry area. Large shaded yard backing up to campus. 18x20 detached garage currently used by landlord could be source of additional rental income. All three apartments are rented paying a combined $2,150/month. Landlord pays all utilities.

Potential income:
$25,800 rental income
-$2,717 property taxes
-$1,085 insurance
-$5,250 utilities
=$16,748 in NOI before Management and CAPEX

Located near University of Evansville, south of Walnut Avenue.

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-06-28-011-081.006-027
Percent Occupied: 100%
Property Condition: Average
Number of Stories: 2
Year Built: 1945
Year Renovated: 2013
Laundry: Shared
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,718 90,908 136,048
Median Age: 33.38 37.27 38.16
Households: 7,348 39,197 58,266


Photograph of Listing Agent

Scott Edmond CCIM

SVN | The Martin Group ICREX Member
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