Excellent investment opportunity in an extraordinary location! A total of ten units in two buildings (114 Cherry St and 322 SE 1st St). Fully rented, professionally managed with eight 1-bedroom/1 bath units and two 2-bedroom/1 bath units in total. Most units feature updates including LVT flooring, kitchen cabinets, counter tops, stainless steel appliances. Buildings also feature locked foyers, laundry facilities, and several units with private porches. Utilities are paid by tenants. Located in the Riverside Historic District, and just steps from the riverfront, Main Street, and Haynie's Corner Arts District, this package presents a rare opportunity to invest in the very heart of Evansville. Buildings are being sold As Is.
Closed
$653,000
114 Cherry St, Evansville, IN 47713
12beds
8,138sqft
Multi Family
Built in 1919
-- sqft lot
$451,700 Zestimate®
$--/sqft
$1,031 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 20, 2023 at 07:39am
Listed by:
Jacy Gowen cell:812-499-8470,
Weichert Realtors-The Schulz Group
Bought with:
Michael W Melton, RB14041128
ERA FIRST ADVANTAGE REALTY, INC
Source: IRMLS,MLS#: 202308126
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 10
- Full bathrooms: 10
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Gas Water Heater
Features
- Ceiling Fan(s), Ceiling-9+, Walk-In Closet(s), Laminate Counters, Eat-in Kitchen, Entrance Foyer
- Flooring: Carpet, Ceramic Tile, Vinyl Tile, Wood
- Basement: Unfinished
Interior area
- Total structure area: 10,671
- Total interior livable area: 8,138 sqft
- Finished area above ground: 8,138
- Finished area below ground: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch Covered
Lot
- Size: 7,405 sqft
- Dimensions: 50 x 150
- Features: Level
Details
- Additional structures: None
- Parcel number: 820630020079005029
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Masonry
- Roof: Rubber,Shingle
Condition
- New construction: No
- Year built: 1919
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Evansville
- Subdivision: None
HOA & financial
Other financial information
- Total actual rent: 78735
Other
Other facts
- Listing terms: Cash,Conventional
Services availability
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$451,700
2% more+ $9,034
With Zillow Showcase(estimated)
$460,734