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419 Oakley Street

Evansville, IN 47710
  • $325,000
  • STATUS: Active
  • ON SITE: 145 Days
  • MLS #: 202119032
UPDATED: 173 min ago
$325,000
  • 12
    BEDS
  • 0.22
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 4,004
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1965
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

This fantastic fully leased garden style 6 unit is the perfect addition to your portfolio. Located inside the qualified opportunity zone with potentially significant tax benefits (consult your tax professional). Made up of 6- 2 bed 1 bath, 667 sqft, units with gas furnaces and separated electric and gas meters. Current rents are $3,041 per month. ($506.83/month per residence on average). Owner pays for heat for water, water, sewer and trash. This presents a value add opportunity to install individual water heaters in each dwelling. Here the new buyer could increase the value by billing back for water/sewer/trash and also installing W/D hookups in units. With a long term tenant base there is also an opportunity to raise rents to market ($550-$595). Per seller updates include: roof 04', balcony and structure replaced in 12', New sump pump in crawl 12', two water heaters for entire building 12', all windows 15', 5 of 6 apartments have been repainted, new electric, plumbing repairs, light fixtures. Located right between the two largest employers in Evansville Berry plastics and Deaconess hospital and close to the $15m renovation of North Main corridor and the new $28m mixed use The Lofts on North Main.

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© 2021 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Hill Team | Keller Williams Capital Realty. Data last updated: 2021-10-17T00:27:35.323.

www.hillteamllc.com/homes/117548195
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419 Oakley Street Evansville, IN 47710

  • Price: $325,000
  • Status: Active
  • Updated: 173 min ago
  • MLS #: 202119032
12
Beds
6
Baths
0
½ Baths
0.22
Acres
4,004
SQFT
$81
$/SQFT
1965
Built
Neighborhood:
None
County:
Vanderburgh
Area:
Vanderburgh
Elementary School:
Lincoln
Middle School:
Lincoln
High School:
Central
School District:
Evansville-Vanderburgh School Co
Property Description
This fantastic fully leased garden style 6 unit is the perfect addition to your portfolio. Located inside the qualified opportunity zone with potentially significant tax benefits (consult your tax professional). Made up of 6- 2 bed 1 bath, 667 sqft, units with gas furnaces and separated electric and gas meters. Current rents are $3,041 per month. ($506.83/month per residence on average). Owner pays for heat for water, water, sewer and trash. This presents a value add opportunity to install individual water heaters in each dwelling. Here the new buyer could increase the value by billing back for water/sewer/trash and also installing W/D hookups in units. With a long term tenant base there is also an opportunity to raise rents to market ($550-$595). Per seller updates include: roof 04', balcony and structure replaced in 12', New sump pump in crawl 12', two water heaters for entire building 12', all windows 15', 5 of 6 apartments have been repainted, new electric, plumbing repairs, light fixtures. Located right between the two largest employers in Evansville Berry plastics and Deaconess hospital and close to the $15m renovation of North Main corridor and the new $28m mixed use The Lofts on North Main.
Exterior Features

Exterior AluminumBrick Lot Description CornerLevel Lot Dimensions 0X0 Outbuilding None Parking Spaces 6 Pool YN No Style Two Story Unit1 Garage Type None Unit2 Garage Type None Unit3 Garage Type None Waterfront YN No

Interior Features

Above Grade Bedrooms 12 Above Grade Finished Sqft 4004 Above Grade Unfin Sq Ft 0 Amenities Off Street ParkingNear Walking Trail Basement Foundation Crawl Basement Material Block Basement YN No Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 0 Cooling Central AirMultiple Cooling Units Dishwashers 0 Disposals 0 Dryers 0 Flooring CarpetVinyl Heating Fuel Forced AirGasMultiple Heating Systems Main Level Sq Ft 2002 Microwaves 0 Ranges Ovens 6 Refrigerators 6 Rooms Below Grade 0 Total Baths 6 Total Below Grade Sqft 0 Total Sq Ft 4004 Unit1 Basement YN No Unit1 Bathrooms 1 Unit1 Bedrooms 2 Unit1 Sq Ft 667 Unit2 Basement YN No Unit2 Bathrooms 1 Unit2 Bedrooms 2 Unit2 Sq Ft 667 Unit3 Basement YN No Unit3 Bathrooms 1 Unit3 Bedrooms 2 Unit3 Sq Ft 667 Unit4 Basement YN No Unit4 Bathrooms 1 Unit4 Bedrooms 2 Unit4 Sq Ft 667 Unit5 Basement YN No Unit5 Bathrooms 1 Unit5 Bedrooms 2 Unit5 Sq Ft 667 Unit6 Basement YN No Unit6 Bathrooms 1 Unit6 Bedrooms 2 Unit6 Sq Ft 667 Upper Level Sq Ft 2002 Wash Dry Hookups 0 Washers 0

Property Features

Annual Electric Expense 1870.96 Annual Fuel Expense 0 Annual Gross Rent 36492 Annual Insurance Expense 1652.25 Annual Maint Expense 1824.6 Annual Misc 0 Annual Net Income 26353.5 Annual Property Tax 1798.54 Annual Trash Expense 308.2 Annual Water Sewer Exp 2683.95 Assoc Dues Frequency Not Applicable Buildings 1 Efficiencies 0 Electric Meters 6 Exemptions No Exemptions For Sale Or Rent For Sale Four Bedrooms 0 Gas Meters 6 Gross Monthly Income 3041 Gross Monthly Rent 3041 Inside City Limits Yes Lease Term 1 Year New Construction No One Bedrooms 0 Owner Pays Building InsuranceSewerTaxTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN Yes Planned Unit Dev YN No Property Sub Type Sixplex Reo YN No Sale Includes BuildingLandLease Sewer City Tenant Pays CableFuelHeating Three Bedrooms 0 Township Pigeon Two Bedrooms 6 Unit1 Unit Rent 500 Unit2 Unit Rent 500 Unit3 Unit Rent 500 Unit4 Unit Rent 516 Unit5 Unit Rent 525 Unit6 Unit Rent 500 Units Rented 6 Water Meters 1 Water Utility City Year Taxes Payable 2021

Listing courtesy of Casey Mccoy of Keller Williams Capital Realty.
© 2021 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Hill Team | Keller Williams Capital Realty.


© 2021 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Hill Team | Keller Williams Capital Realty. Data last updated: 2021-10-17T00:27:35.323.

 
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The Hill Team | Keller Williams Capital Realty
4424 Vogel Road Suite 300
Evansville IN, 47715