1566 Kentucky, Evansville, IN 47714-3473


MLS ID: #201903798
Price: $ 575,000
Sq Ft: 16,383
Finished Sq Ft: 16,383
Lot Size: 0.23 Acres
Year Built: 1940
Bedrooms: 22
Full Bathrooms: 13
Half Bathrooms:
Taxes: $ 0
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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

MLS ID: 201903798


# of Units 13
Price Per Unit 44,230.770
Above Grade Finished SF 16,383
Above Grade Unfinished SF 1
Combined Finished SF 16,383
Below Grade Finished SF 0
Below Grade Unfinished SF 0
Total Below Grade SF 0
Total Sq Ft 16,383
Lot Dimensions 45 FF X 125 Dpth & 82 FF X 125 Dpth
Approx Lot Size SqFt 10,125
Approx Lot Size Acres 0.23240
Garage SF 0
Garage # of Cars 1
Water Front No
Style Two Story
New Construction No
Elementary School John M Culver
Middle School Glenwood
Senior Bosse
District Evansville-Vanderburgh School Co
# Bedrooms 22
# of Full Baths 13
# of Half Baths 0
Living Room 9 x 0
Kitchen 495 x 495
Family Room 495 x 495
Bedroom 4 13 x
Other Room 2 2 x 5751
Other Room 3 2 x
Annual Gross Rent Income $69,012.00
Annual Sewer Expense $0.00
Annual Fuel Expense $0.00
Annual Electric Expense $0.00
Annual Trash Expense $0.00
Annual Property Tax $6,151.36

Listing Office: eXp Realty, LLC

Listing Agent: Kimberly Clark


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.