Lynnville Apartments

Multi-Family for Sale
Catylist Listing ID: 30640321
Property Subtypes: Low-Rise/Garden
Number of Units: 32 Units
Building Size (RSF): 28,364 SF
Gross Building Area: 34,637 SF
Gross Land Area: 0.90 - 1 Acres
Sale Price: $925,000
Unit Price: $28,906.25 Per Unit
Property Use Type: Investment
Building Name: Lynnville Apartments
Sale Terms: Cash to Seller
Cap Rate: 7.92%
Average Occupancy Rate: 82
Last Updated: 11/23/2020

Overview / Comments

Check out one of the few apartment buildings in Lynnville. This property has undergone many renovations in the last Three and a half years. Occupancy is now stabilized and ready for you.
1 office
6 efficiency
6 1 bedrooms
12 2 bedrooms
7 3 bedrooms

Attachments & Media

Additional Details

Nearest MSA: Evansville
County: Warrick
Taxing Authority: Warrick County
Tax ID/APN: 87-05-03-305-005.000-010, 87-05-03-305-015.000-010
Zoning: C4
Percent Occupied: 93%
Property Located Between: 2nd St and Third St
Highway Access: Minutes away from I-64
Airports: Evansville
Site Description: previous elementary school
Area Description: Located 25 minutes east of Evansville IN just north of I-64
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 2
Year Built: 1958
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Aluminum Siding, Block, Brick
Parking Type: Surface
Parking Description: Ample parking available
Total Parking Spaces: 30
Laundry: Shared
Heat Type: Electricity
Heat Source: Central, Wall Units
Air Conditioning: Engineered System, Package Unit
Lot Frontage: 200
Lot Depth: 200
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: Ingress/egress easement put in place in 2017. Drive shown out to 2nd Street
Legal Description: LYNN'S ADD. ENLG.LOT 5 PT LYNN'S 20' EVEN WIDTH LOT 4

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,626 3,110
Median Age: 40.77 41.54
Households: 636 1,234


Photograph of Listing Agent

Chris McBride

Keller Williams Capital Realty
CPIX Member
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