Retail/Multi-Family
3 Unit Apartment Building | $249,000 ($83,000/Unit) | Evansville, IN 47714
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $249,000
- Property Type
-
Multifamily
- Square Feet
- 5,097 SF
Listing Contacts
Richard Clements
Verified Profile
- Property Info
Property Overview
EXCELLENT RENTAL INCOME PROPERTY – Three (3) residential units and one (1) commercial/retail space. Great opportunity to break into the rental market with built-in residential/commercial diversification.
-Good location on Pollack Avenue with convenient access from Weinbach Avenue, Lloyd Expressway and Highway 41
-Income producing property with upside potential
-Commercial/Retail building includes 19’ x 40’ attached garage with overhead door
-Property to be sold as a whole – Owner will not sell individual parcels or buildings
-Area retailers include: Dollar General, Oak Street Health Clinic, Rent-A-Center, Citi Trends, Dollar Tree, Domino’s Pizza, Mr. Liquor, Happy Garden and JJ’s Food Mart
Three (3) parcels with four (4) buildings on .48 AC:
PARCEL 1 – 2009 Pollack Avenue
-Parcel #: 82-09-03-012-019.018-027
-Three (3) buildings on .24 AC:
-Building 1: 2,000 SF Commercial/Retail building offered at $700/mo. lease rate. Includes: One (1)restroom, central HVAC, and 19’ x 40’ garage space
-Building 2: (attached to Building 1) 882 SF (2 bed, 1 bath) with 882 SF basement with washer & dryer. Currently leased for $650/mo.
-Building 3: 1,240 SF apartment, currently leased for $650/mo.
PARCEL 2 – 2013 Pollack Avenue
-Parcel #: 82-09-03-012-019.003-027
-Raw land, .08 AC
-Partially paved and used for parking
PARCEL 3 – 2017 Pollack Avenue
-Parcel #: 82-09-03-012-019.004-027
-One (1) building on .16 AC
-Building 4: 975 SF finished first floor (3 bed, 1 bath) with 875 SF basement with washer & dryer and 20’ x 20’ detached garage. Currently leased for $750/mo.
-Good location on Pollack Avenue with convenient access from Weinbach Avenue, Lloyd Expressway and Highway 41
-Income producing property with upside potential
-Commercial/Retail building includes 19’ x 40’ attached garage with overhead door
-Property to be sold as a whole – Owner will not sell individual parcels or buildings
-Area retailers include: Dollar General, Oak Street Health Clinic, Rent-A-Center, Citi Trends, Dollar Tree, Domino’s Pizza, Mr. Liquor, Happy Garden and JJ’s Food Mart
Three (3) parcels with four (4) buildings on .48 AC:
PARCEL 1 – 2009 Pollack Avenue
-Parcel #: 82-09-03-012-019.018-027
-Three (3) buildings on .24 AC:
-Building 1: 2,000 SF Commercial/Retail building offered at $700/mo. lease rate. Includes: One (1)restroom, central HVAC, and 19’ x 40’ garage space
-Building 2: (attached to Building 1) 882 SF (2 bed, 1 bath) with 882 SF basement with washer & dryer. Currently leased for $650/mo.
-Building 3: 1,240 SF apartment, currently leased for $650/mo.
PARCEL 2 – 2013 Pollack Avenue
-Parcel #: 82-09-03-012-019.003-027
-Raw land, .08 AC
-Partially paved and used for parking
PARCEL 3 – 2017 Pollack Avenue
-Parcel #: 82-09-03-012-019.004-027
-One (1) building on .16 AC
-Building 4: 975 SF finished first floor (3 bed, 1 bath) with 875 SF basement with washer & dryer and 20’ x 20’ detached garage. Currently leased for $750/mo.
Property Details
- Class
- C
- Year Built
- 1960
- Stories
- 1
- Lot Size (sq. ft)
- 20,909 SF
- Units
- 3
Highlights
- Commercial/retail space with garage and 3 residential units
- Income producing with upside potential
- Commercial/retail space includes 19'x40' attached garage
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