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

View FullscreenMap

Demographic Statistics

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

Contact

Photograph of Listing Agent

Chris McBride

Keller Williams Capital Realty
CPIX Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.