14 Unit Multi-family and Mixed Use Property For Sale 100% Occupied

Multi-Family for Sale
Catylist Listing ID: 30807195
Property Subtypes: Low-Rise/Garden, Mixed Use
Number of Units: 14 Units
Building Size (RSF): 9,726 SF
Gross Building Area: See Agent
Gross Land Area: 0.36 Acres
Sale Price: $795,000
Unit Price: $56,785.71 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Franklin Street Apartments
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 95
Last Updated: 8/10/2022

Overview / Comments

Well maintained 14 unit multi-family and mixed use building. Property has 12 One bedroom apartments and 2 commercial tenants and is 100% occupied. Financials, Rent Roll and additional Pictures available upon signed Confidentiality Agreement. Contact LA or PM.

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $5,246 (Annual)
Gross Operating Income $87,346 (Annual)
Net Operating Income $48,376 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-06-19-029-072.004-029
Percent Occupied: 100%
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1973
Construction/Siding: Brick/Aluminum Siding
Parking Type: Surface
Heat Type: Electricity
Heat Source: Wall Units, Heat Pump
Fuel: Electric
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,893 78,892 128,024
Median Age: 39.8 36.74 37.66
Households: 4,016 32,868 54,180
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