Fourplex - 950 S Spring St

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30758363
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 4 Units
Building Size (RSF): 4,247 SF
Gross Land Area: 0.17 Acres
Sale Price: $206,000
Unit Price: $51,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2021

Overview / Comments

Four-unit multifamily building recently renovated now available a short distance from the University of Evansville. This brick and siding building contains 3x 2 bed/1 bath and 1x 3 bed/1 bath apartments. All units are currently rented with a gross income of $2,725/mo. Tenants pay gas/electric and the landlord pays water/sewer. The apartments have a 4 car attached garage.

Detailed financials are available on the SVN property webpage under the Documents tab after signing a confidentiality agreement.

Attachments & Media

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $3,374 (Annual)
Tax Value Land $11,000
Tax Value Improvements $143,500
Assessed Value - Total($) $154,500 (Annual)
Finance Data Year 2013
Real Estate Taxes - Annual($) $3,389 (Annual)
Tax Value Land $11,000
Tax Value Improvements $146,200
Assessed Value - Total($) $157,200 (Annual)
Finance Data Year 2011
Real Estate Taxes - Annual($) $2,647 (Annual)
Tax Value Land $9,200
Tax Value Improvements $161,300
Assessed Value - Total($) $170,500 (Annual)
Finance Data Year 2010
Real Estate Taxes - Annual($) $2,586 (Annual)
Tax Value Land $9,200
Tax Value Improvements $146,200
Assessed Value - Total($) $155,400 (Annual)
Finance Data Year 2009
Real Estate Taxes - Annual($) $2,529 (Annual)
Tax Value Land $9,200
Tax Value Improvements $146,200
Assessed Value - Total($) $155,400 (Annual)

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-06-27-016-033.043-027
Zoning: R-2
Percent Occupied: 100%
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1950
Sprinklers: None
Water Service: Municipal
Sewer Type: Municipal
Legal Description: WASHINGTON TERR L16 BL16

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,967 86,486 131,440
Median Age: 34.2 37.18 38.01
Households: 7,896 37,734 56,309

Contact

Photograph of Listing Agent

Scott Edmond CCIM

SVN | The Martin Group ICREX Member
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