1143 1163 Covert, Evansville, IN 47714


MLS ID: #202010876
Price: $ 1,265,000
Sq Ft: 11,490
Finished Sq Ft: 11,490
Lot Size: 1.48 Acres
Year Built: 1974
Bedrooms: 63
Full Bathrooms: 39
Half Bathrooms:
Taxes: $ 3,987
  • Bookmark and Share

The Phoenix is a 39 unit complex consisting of three buildings with 13 units each. Located on the SW corner of Highway 41 and Covert. Each building has a new boiler. Middle building has a laundry area that produces income. Current owner has worked hard rehabbing the units as needed, while building a new tenant base that pays their own electric. Water, trash, and sewer are included. Units are smoke free and pet free. Professionally managed and vacant units rent quickly. Opportunity to increase below market rents. Seller is a licensed real estate agent.

MLS ID: 202010876


# of Units 39
Price Per Unit 32,435.90
Above Grade Finished SF 11,490
Combined Finished SF 11,490
Below Grade Finished SF 0
Below Grade Unfinished SF 0
Total Below Grade SF 0
Total Sq Ft 11,490
Lot Dimensions 50x75
Approx Lot Size SqFt 64,463
Approx Lot Size Acres 1.480
Garage SF 13,911
Water Front No
Style Three Story
New Construction No
Elementary School Glenwood
Middle School Glenwood
Senior Bosse
District Evansville-Vanderburgh School Co
# Bedrooms 63
# of Full Baths 39
# of Half Baths 0
Living Room 24 x 0
Bedroom 5 39 x 39
Laundry Room 44 x
Annual Gross Rent Income $197,628.00
Annual Sewer Expense $13,911.00
Annual Fuel Expense $10,000.00
Annual Electric Expense $10,000.00
Annual Trash Expense $2,338.00
Annual Property Tax $6,259.00


Listing Agent: Adrienne Ruder


Property information is provided by the Indiana Regional MLS. The IDX information is provided exclusively for consumers' personal, non-commercial use and 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 IRMLS. Featured Properties may have updated information provided by Myers Trust.