1134 S Stormont St, Princeton

Multi-Family for Sale
Catylist Listing ID: 30831316
Property Subtypes: Low-Rise/Garden
Number of Units: 7 Units
Building Size (RSF): 5,250 SF
Gross Building Area: See Agent
Sale Price: $299,500
Unit Price: $42,785.71 Per Unit
Property Use Type: Business
Building Name: Newly Rehabbed Complex
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 1/27/2023

Overview / Comments

Great complex with newly rehabbed units. Potential upswing investment. November 2022 thru January 2023; Units 1,2,5 & 7 annual maintenance for light fixtures, plumbing, blinds, smoke alarms, ceiling tiles. Plus new floor covering, new paint on walls, doors & trim. Unit 7, new refrigerator & stove. Unit 2, new stove and stackable washer/dryer. Early 2022; Units 4 & 6, full rehab. Each unit, new HVAC. Exterior drainage and safety updates. Also, $12,000 in electrical repairs/updates to All Units.

Additional Details

Nearest MSA: Evansville
County: Gibson
Tax ID/APN: 261218204003763028
Zoning: R-8
Percent Occupied: 70%
Property Located Between: E Kentucky and E Ohio
Highway Access: 0.79 miles South of Broadway/ SR 64
Total Number of Buildings: 1
Property Condition: Fair
Year Built: 1973
Year Renovated: 2023
Construction/Siding: Wood Frame

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,372 10,121 12,797
Median Age: 36.19 38.31 39.7
Households: 1,334 4,114 5,181


Photograph of Listing Agent

Kristin Dannheiser

F.C. Tucker Commercial ICREX Member
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