Description
This is a great opportunity to own a cash flowing 12-unit apartment building. The property is situated on a large lot conveniently located at the corner of Preston Highway and E Indian Trail. The proximity to bus stops and grocery stores makes this asset very desirable for tenants. The owners have turned several units installing LVP flooring. The improved units are leased for $901. A new owner can continue turning units and raising rent to add value.Highlights include:> 11 1BR/1BA units and 1 studio unit> Separate electric meters, tenants pay their own electric> High occupancy> Ample off street parking
Location
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Commercial Sale
$5,750,000
MLS# 2022012686
ACTIVE
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Listing information provided courtesy of the Southern Indiana Realtors Association. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 6th December, 2023 4:23 PM (UTC)
Listing Agent: Jenny Johnston
Listing Office: PRG Commercial Property Advisors
