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.
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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 |
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 |
|
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