521 First, Evansville, IN 47713


MLS ID: #201723882
Price: $ 525,000
Sq Ft: 8,188
Lot Size: 0.25 Acres
Year Built: 1869
Bedrooms: 10
Bathrooms: 10
Taxes: $ 708
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Live the downtown lifestyle and let your tenants pay for your home! This is a one of a kind opportunity to own 2 beautiful historic buildings on the corner of SE First and Mulberry 1 block from the riverfront. Live on the first floor of the main house approximately 2500 square feet 2 bedroom 2 bathroom owners unit that has been completely remodeled. Upstairs are 3 apartments that are fully rented. In the carriage house are 4 more fully rented apartments and a garage that you can use or you can rent for more income. The main house has been fully renovated and has new electric, plumbing, newer furnaces and AC units, roof is 7-8 years old per owner. The carriage house roof is 1-6 years old per the owner. Their is also a recently finished basement apartment which is very large and unique approximately 900 square feet, 1 bedroom 1 bath. IN all there are 4 1 bedroom apartments in the main house, and 1- 2 bedroom apartment. The carriage house has 3- 1 bedroom apartments, 1 efficiency, and 1 garage. This property nets over $33,000 per year in income. Buy now before the medical school drives rents and prices up.

MLS ID: 201723882


# of Units 9
Price Per Unit 58,333.330
Above Grade Finished SF 8,188
Combined Finished SF 9,188
Below Grade Finished SF 2,954
Below Grade Unfinished SF 1,954
Total Below Grade SF 2,954
Total Sq Ft 11,142
Lot Dimensions 75 x 150
Approx Lot Size SqFt 10,890
Approx Lot Size Acres 0.250
Garage SF 3,062
Water Front No
Style Two Story
New Construction No
Elementary School Tekoppel
Middle School Helfrich
Senior Francis Joseph Reitz
District Evansville-Vanderburgh School Co
# Bedrooms 10
# of Full Baths 10
# of Half Baths 0
Living Room 1 x 0
Bedroom 5 8 x 8
Other Room 1 1 x 7
Annual Gross Rent Income $44,736.00
Annual Sewer Expense $3,062.00
Annual Fuel Expense $0.00
Annual Electric Expense $2,187.00
Annual Trash Expense $0.00
Annual Property Tax $4,815.00


Listing Agent: James Keck


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.