Multi-Family - 5 Units / #2374

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30779110
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 5 Units
Building Size (RSF): 4,850 SF
Gross Building Area: See Agent
Gross Land Area: 0.24 Acres
Sale Price: $195,000
Unit Price: $39,000 Per Unit
Property Use Type: Investment
Building Name: Henderson - 5 Unit Complex
Sale Terms: Cash to Seller
Cap Rate: 10.5%
Average Occupancy Rate: 100
Last Updated: 1/26/2022

Overview / Comments

- Very nice investment opportunity - 5 total units, consisting of 1 house and a 4-unit apartment building

- Use is grandfathered per the Henderson Zoning Ordinance, as this is in a single-family residential zoning district

- recent capital improvements and updates

- 10.5% Cap Rate

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $1,617 (Annual)
Gross Operating Income $24,900 (Annual)
Net Operating Income $20,481 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Evansville
County: Henderson
Taxing Authority: Henderson County/City of Henderson
Tax ID/APN: 2-17-1-4
Zoning: R-3, INNER CITY RESIDENTIAL
Percent Occupied: 100%
Total Number of Buildings: 2
Property Condition: Good
Roof Type: Gable
Construction/Siding: Brick, Vinyl Siding, Wood Frame
Lot Frontage: 52.5
Lot Depth: 200
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,123 22,875 34,280
Median Age: 37.75 38.77 39.7
Households: 3,297 9,665 14,227

Contact

Photograph of Listing Agent

Chris Jackson, CCIM, SIOR

Woodward Commercial Realty, Inc. ICREX Member
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