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1566 S Kentucky Avenue, Evansville, IN 47714
22 Beds
13 Baths
16,383 sqft

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Looking to build your investment portfolio? This offering consists of a total of 4 professionally managed buildings (three 4-unit buildings and 1 house). All units are occupied (some new tenants and some long term tenants) allowing you to start in the green. Highly Desirable Neighborhood, near IU Medical School, University of Evansville, Memorial and Bosse High Schools, and the Private Charter School Joshua Academy. Brick exteriors for low maintenance, plenty of off street parking and laundry hook-ups available. Additional income is available with 4 car garage rental. Landlord pays water in 1566, tenant pays all other utilities. Tenant pays all utilities in 1550 and 1556. All multiplexes have house meters and average $15-20 per month. Recent updates to properties: 1550 S Kentucky - Unit D HVAC condenser replaced - June 2018 - All Units - new commercial carpet in common areas - June 2018 1556 S Kentucky - All Units - new commercial carpet in common areas - June 2018 1562 S Kentucky - Roof replaced - June 2018. Charming brick Tudor style home. Updated kitchen & baths. Bedrooms upstairs with full bathroom & offers an unfinished basement. 1566 S Kentucky - all units vacated and totally remodeled - Both Garage Doors Replaced - June 2018 - All Units - new commercial carpet in common areas - June 2018 - All Units - exterior common doors replaced with steel doors - June 2018 - All landscaping updated spring 2018 - All Units - new flooring/paint throughout
  • Price:
  • $575,000
  • Bedrooms:
  • 22
  • Full Baths:
  • 13
  • Square Footage:
  • 16,383
  • Acreage:
  • 0.23
  • Year Built:
  • 1940
  • Listing ID #:
  • 201903798
  • Street Address:
  • 1566 S Kentucky Avenue
  • City:
  • Evansville
  • State:
  • Indiana
  • Postal Code:
  • 47714
  • County:
  • Vanderburgh County
  • Subdivision:
  • Hart Place
  • Listing Status:
  • Active
0
out of 5

Glenwood Leadership Academy
Public
K-8
400 students
9 student/
teacher
1
out of 5

Benjamin Bosse High School
Public
9-12
745 students
12 student/
teacher
  • Age Of Dwelling:
  • 80
  • Exterior Description:
  • Brick
  • Features:
  • Off Street Parking, Cable Ready, Washer Hook-Up, Other-See Remarks
  • Finished Above Ground Square Footage:
  • 16383
  • Finished Square Feet:
  • 16383
  • Flooring:
  • Carpet, Ceramic Tile, Vinyl Tile
  • Number Of 1 Bedroom Units:
  • 4
  • Number Of 2 Bedroom Units:
  • 9
  • Number Of Units:
  • 13
  • Stories:
  • 2
  • Style:
  • Two Story
  • Total # Of Buildings:
  • 4
  • Total Building Square Footage:
  • 16383
  • Unit 1 Monthly Rent:
  • 495
  • Unit 2 Monthly Rent:
  • 495
  • Unit 3 Monthly Rent:
  • 495
  • Unit 4 Monthly Rent:
  • 495
  • Unit 5 Monthly Rent:
  • 495
  • Unit 6 Monthly Rent:
  • 495
  • Unit1 Bathrooms:
  • 1
  • Unit1 Bedrooms:
  • 2
  • Unit2 Bathrooms:
  • 1
  • Unit2 Bedrooms:
  • 2
  • Unit3 Bathrooms:
  • 1
  • Unit3 Bedrooms:
  • 2
  • Unit4 Bathrooms:
  • 1
  • Unit4 Bedrooms:
  • 2
  • Unit5 Bathrooms:
  • 1
  • Unit5 Bedrooms:
  • 2
  • Unit6 Bathrooms:
  • 1
  • Unit6 Bedrooms:
  • 2
  • Year Built:
  • 1940
  • Annual Income:
  • 62860.64
  • Annual Rental Income:
  • 69012
  • Lot Description:
  • Level, 0-2.9999
  • Lot Number:
  • 5
  • Lot Square Footage:
  • 10125
  • Days On Market:
  • 425
  • For Sale Or Lease?:
  • For Sale
  • Included In Sale:
  • Building, Land, Lease
  • Lease Terms:
  • 1 Year, Renewal Options
  • Association Fee Payment Frequency:
  • Not Applicable
  • Monthly Rent:
  • 5751
  • Tax Year:
  • 6151.36
  • Cooling System:
  • Central Air
  • Heating Fuel:
  • Forced Air
  • Sewage Type:
  • Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided by Kimberly Clark of eXp Realty.

    IDX information provided by the Indiana Regional MLS
  • “IDX information provided by the Indiana Regional MLS” WAYNE
  • Schools information provided by ATTOM

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