538 Spring, Evansville, IN 47714


MLS ID: #201812869
Price: $ 375,000
Sq Ft: 4,224
Lot Size: 0.26 Acres
Year Built: 1945
Bedrooms: 7
Bathrooms: 7
Taxes: $ 2,835
  • Bookmark and Share

Welcome to Springhaven. This is truly a trophy property, purpose built 7 unit building with prime real estate on a .26 acre lot 1 1/2 blocks from the University of Evansville zoned R-4. This property has been fully updated; new roof, windows, all units have ductless mini split HVAC units for low utilities that lead to long term tenants! Refinished original hardwood flooring! Off street parking and a 6 bay garage, new sump pumps, 2 washers and 2 dryers (with the option to increase revenue through coin operated laundry). This property has 7 units and is fully occupied: Unit A,B,C all on the main floor with D,E,F on upper floor and G is on the lower level. This property is under professional management and is turn key with an opportunity to increase revenue.

MLS ID: 201812869


# of Units 7
Price Per Unit 53,571.430
Above Grade Finished SF 4,224
Above Grade Unfinished SF 1
Combined Finished SF 4,928
Below Grade Finished SF 2,112
Below Grade Unfinished SF 1,408
Total Below Grade SF 2,112
Below Grade Rooms 1
Total Sq Ft 6,336
Lot Dimensions 60x190
Approx Lot Size SqFt 11,326
Approx Lot Size Acres 0.260
Garage SF 2,820
Garage # of Cars 1
# of Fireplaces 3
Water Front No
Style Two Story
New Construction No
Elementary School Harper
Middle School Washington
Senior Bosse
District Evansville-Vanderburgh School Co
# Bedrooms 7
# of Full Baths 7
# of Half Baths 0
# Above Grade Bedrooms 3
Kitchen 560 x 555
Family Room 540 x 540
Bedroom 3 1 x 1
Bedroom 4 7 x
Bedroom 5 7 x 7
Extra Room 2 x 2
Laundry Room 12 x
Other Room 2 1 x 3825
Other Room 3 1 x 1
Annual Gross Rent Income $45,900.00
Annual Sewer Expense $2,820.00
Annual Fuel Expense $0.00
Annual Electric Expense $1,608.35
Annual Trash Expense $541.12
Annual Property Tax $2,727.42


Listing Agent: Casey McCoy


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.