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$1,185,000
0.4± Acres
Available
Knox County, Indiana
Contact Brochure (812) 787-2683 Text Me Maps

12 Unit Multi-Family in Vincennes IN

ID: 122752
Status: Available
Price: $1,185,000
Acres: 0.4
Type: Commercial
Address: 501 Eric Ave
City, State: Vincennes, Indiana
County: Knox
Zip Code: 47591
Lat/Long: 38.669657, -87.529762
Presented By: Delmar Wagler
Phone: (812) 787-2683
Email: Click to Contact

Description

12-unit townhome community in Vincennes - $1,185,000. Twelve two-story 2 bed / 2 bath townhomes, each with living room, kitchen, laundry room, private entry, and its own street address (501-523 Eric Ave). Brick and vinyl exteriors, metal roofs, off-street parking. Separately metered gas and electric; tenants pay all utilities including water and sewer; city trash pickup. Fully leased with long-term tenants. Gross rent $10,875/month ($130,500/year); six units already at $1,000 with clear upside on the other six. Approx. 7.3% cap on actual 2025-pay-2026 taxes ($14,080) and insurance. Minutes from Vincennes University and Good Samaritan Hospital. Financial summary available to qualified buyers. Do not disturb tenants.

Showing Instructions:

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Additional Details

Home Details

Sq Ft: 11784
Beds: 24
Full Baths: 12

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Delmar Wagler

Delmar Wagler

Odon, Indiana

(812) 787-2683

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