Harrelton 8-Plex

Multi-Family for Sale
Catylist Listing ID: 30749721
Property Subtypes: Mixed Use, General
Number of Units: 8 Units
Building Size (RSF): 4,860 SF
Sale Price: $385,000
Unit Price: $48,125 Per Unit
Property Use Type: Investment
Building Name: 1409 - 1423 Harrelton Dr
Usable Size (USF): 4,000 SF
Sale Terms: Cash to Seller
Cap Rate: 9.5%
Average Occupancy Rate: 100
Last Updated: 8/3/2021

Overview / Comments

8 unit complex, 4 up, 4 down. All units have been remodeled within the past 18 months. New Kitchens, paint, carpet. All single bedroom units. Rents are currently $200.00 per unit below market rents. Don't miss this great investment opportunity.

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Taxing Authority: Vanderburgh County/Evansville IN
Tax ID/APN: 82-06-35-011-154.004-027
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1972
Year Renovated: 2020
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Parking Ratio: 12 (per 1000 SF)
Parking Type: Surface
Parking Description: Paved parking on the front and side of building
Total Parking Spaces: 12
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central
Fuel: Gas, Electric
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: 8 single bedroom apartment. New floor covering, kitchens, paint.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: BARBARA SUB. NO. 2, LOT 22

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,451 72,410 125,102
Median Age: 36.28 36.77 37.94
Households: 6,900 31,144 53,338
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