419 Oakley Street, Evansville, IN 47710 | Listings

419 Oakley Street, Evansville, IN 47710

  • $325,000
  • 12 Beds
  • 6 Full Baths
  • 4,004 sq ft
  • Year Built: 1965
  • Multi-Family
  • Listing #202119032

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.

Listing Details

Price$325,000
Bedrooms12 Beds
Bathrooms6 Full Baths
Year Built1965
Property TypeMulti-Family
Listing #202119032
StatusActive
Listing TypeFor Sale

Interior Features

Square Feet4,004
FloorsCarpet, Vinyl
Heating and CoolingGas, Forced Air, Multiple Heating Systems, Central Air, Multiple Cooling Units

Exterior Features

ExteriorAluminum, Brick
FoundationCrawl
Lot Size0.22 acres
PoolNo

Miscellaneous

MLS AreaVanderburgh County
Garage Spaces1

Courtesy of Casey McCoy, Keller Williams Capital Realty

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This content last updated on 10/26/2021 2:20 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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