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$185,000
720 E Scott St, Vincennes, IN 47591
0 Beds
0 Baths
2,325 SqFt

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Consistent earning potential in small town Indiana. This 5 unit multifamily investment property has a long, proven history of consistent rental income. Property consists of 4 one-bedroom apartments and 1 two-bedroom apartment. Rental structure is currently flat rate rents with all gas, electric, water, and sewer paid by landlord. Many of the current tenants are long term renters. Rents can be raised to keep up with market and further increase revenue. Unit #1 545 sq ft. / 1-BR / $450 / 6.5 year tenant. Unit #2 328 sq ft. / 1-BR / $485 / 2.5 year tenant Unit #3 440 sq ft. / 1-BR / $450 / 5.5 year tenant Unit #4 575 sq ft. / 1-BR / $600 / 2 year tenant Unit #5 400 sq ft. / 1-BR / $510 / 1 year tenant Property exterior, plumbing, heating, and electrical have all been well maintained by owner. Owner is downsizing portfolio. Owner has a 9-unit building for sell a few blocks away. Owners preference would be to sell both properties together. Property owners are family relatives of listing agent.
  • Price:
  • $185,000
  • Square Footage:
  • 2,325
  • Acreage:
  • 0.15
  • Year Built:
  • 1930
  • Listing ID #:
  • 202207616
  • Street Address:
  • 720 E Scott St
  • City:
  • Vincennes
  • State:
  • Indiana
  • Postal Code:
  • 47591
  • County:
  • Knox
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
  • Building Condition:
  • Resale
  • Total Building Square Footage:
  • 2325
  • Year Built:
  • 1930
  • Existing Land Use:
  • Multi-Family
  • Lot Square Footage:
  • 6534
  • Days On Market:
  • 195
  • Originating Mls:
  • Sira
  • Previous Listing Price:
  • 225000
  • Property Taxes:
  • $1,221
  • Parking Spaces:
  • 1
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Keller Williams Realty Louisville East