Village Lane Investment Opportunity

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30746462
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 18 Units
Building Size (RSF): 14,893 SF
Gross Building Area: See Agent
Gross Land Area: 1.60 Acres
Sale Price: $1,100,000
Unit Price: $61,111.11 Per Unit
Property Use Type: Investment
Usable Size (USF): 14,893 SF
Sale Terms: Cash to Seller
Cap Rate: 9.02%
Average Occupancy Rate: 100
Last Updated: 10/18/2021

Overview / Comments

Four duplexes, one of which has an annex in the back, and another has a storage shed.​

There is also a home with a detached garage at the end of the drive way.​

Great investment opportunity!

Attachments & Media

Additional Details

Nearest MSA: Evansville
County: Warrick
Tax ID/APN: 87-12-34-304-001.000-014, 87-12-34-304-002.000-014, 87-12-34-304-004.000-014, 87-12-34-304-014.000-014
Percent Occupied: 100%
Total Number of Buildings: 6
Property Condition: Good
Number of Stories: 2
Parking Type: Surface
Laundry: In Each Unit
Heat Source: Central
Zoning Description: Residential
Lot Frontage: 403

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,971 31,281 63,966
Median Age: 39.78 39.6 39.28
Households: 2,530 12,426 26,963
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