This turnkey investment property is a 100% occupancy 4 plex. We hand over the keys and the hard work is already done. New roof (50 Year Warranty) and deck put on towards the end of 2019. All 4 units are 2-bedroom, 1 bath, total electric units with Laundry Hookups. These do have baseboard heating but tenants use central air for heat, not baseboards. The owner provides Refrigerator and Stove for each unit (New appliances for all 4 units in the past year). 2 units pay $650/month, while the other 2 units (Completely remodeled) pay $750/month. The lower two units were completely remodeled in 2021, new everything! The property is lakefront on Indian Lake and also includes a dock. This property has great rental history and is right across from the YMCA. Tenant pays for Electric, Trash, and Cable/Internet. Landlord pays Water/Sewer (Avg. $115-$150/month) and Lawn maintenance.
Off market
$271,900
2019 College Ave, Vincennes, IN 47591
8beds
3,744sqft
MultiFamily
Built in 1978
-- sqft lot
$271,900 Zestimate®
$73/sqft
$1,314 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 8
Heating
- Forced air, Electric
Cooling
- Central
Appliances
- Laundry: Washer Hookup, Laundry Closet
Features
- Ceiling Fan(s), Eat-in Kitchen
- Flooring: Carpet, Linoleum / Vinyl
- Windows: ENERGY STAR Qualified Windows
- Basement: None
- Has fireplace: Yes
- Common walls with other units/homes: No One Above
Interior area
- Total interior livable area: 3,744 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 8
Features
- Patio & porch: Deck Open
- Exterior features: Wood, Brick
- Waterfront features: Waterfront, Lake Front, Seawall
- Body of water: Indian Lake
Lot
- Size: 0.25 Acres
- Features: Lake
- Topography: Level
Details
- Parcel number: 421227111010000022
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story, Other
Materials
- masonry
- Roof: Asphalt
Condition
- Year built: 1978
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & neighborhood
Location
- Region: Vincennes
Other
Other facts
- Sewer: Public Sewer
- Flooring: Carpet, Vinyl
- Heating: Forced Air, Electric
- Topography: Level
- InteriorFeatures: Ceiling Fan(s), Eat-in Kitchen
- Roof: Asphalt
- ArchitecturalStyle: Two Story, Other
- WaterfrontFeatures: Waterfront, Lake Front, Seawall
- HeatingYN: true
- CoolingYN: true
- NumberOfUnitsTotal: 4
- TenantPays: Cable TV, Electricity, Trash Collection
- RoomsTotal: 16
- WaterfrontYN: true
- OwnerPays: Sewer, Water, Taxes, Common Area Maintenance
- ConstructionMaterials: Wood Siding, Brick
- CurrentFinancing: Conventional, Cash
- LeaseTerm: Month To Month
- FireplacesTotal: 4
- NumberOfBuildings: 1
- FarmLandAreaUnits: Square Feet
- TrashExpense: 0
- NumberOfUnitsLeased: 4
- CommunityFeatures: Dock, Sidewalks, Lake, City/Town/Suburb
- MaintenanceExpense: 0
- Cooling: Central Air
- OpenParkingYN: true
- CommonWalls: No One Above
- WaterBodyName: Indian Lake
- ParkingFeatures: Off Street, Concrete
- LaundryFeatures: Washer Hookup, Laundry Closet
- WindowFeatures: ENERGY STAR Qualified Windows
- LotFeatures: Lake
- Appliances: Electric Water Heater
- BelowGradeFinishedArea: 0
- MainLevelBathrooms: 8
- ElectricExpense: 0
- FuelExpense: 0
- InsuranceExpense: 2000
- NumberOfSeparateElectricMeters: 4
- NumberOfSeparateGasMeters: 0
- WaterSource: City
- PatioAndPorchFeatures: Deck Open
- ExteriorFeatures: Pier/Dock
- NumberOfSeparateWaterMeters: 1
- GrossIncome: 2350
Services availability
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.