CAP Rate is 11%. 8 units recently remodeled in Downtown Evansville. Walking distance from both the new IU medical school and Haynie's corner. Smoke Free and Pet Free. 5 efficiency units, 2 one bedroom, and 1 two bedroom. Gas and Electric are included with rent for 3 of the efficiencies. Water, sewer, and trash included with rent. New electrical panels, replacement windows and a new roof. New furnaces, condensing units, and mini-splits. Seller is a licensed real estate agent.
Off market
$473,900
303 Chandler Ave, Evansville, IN 47713
8beds
5,041sqft
MultiFamily
Built in 1869
-- sqft lot
$473,900 Zestimate®
$94/sqft
$984 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Forced air, Wall
Cooling
- Wall
Appliances
- Included: Range / Oven, Refrigerator
Features
- Laminate Counters
- Flooring: Tile, Laminate
- Basement: Unfinished
Interior area
- Total interior livable area: 5,041 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
Features
- Patio & porch: Porch
- Exterior features: Brick
Lot
- Size: 6,969 sqft
- Features: Level
Details
- Parcel number: 820630020089008029
- Zoning: City Zoning(R-4 Multiple Residential)
Construction
Type & style
- Home type: MultiFamily
Materials
- masonry
- Foundation: Crawl/Raised
- Roof: Asphalt
Condition
- Year built: 1869
Utilities & green energy
- Sewer: City
- Water: City
Community & neighborhood
Location
- Region: Evansville
HOA & financial
Other financial information
- Total actual rent: 52860
Other
Other facts
- Flooring: Tile, Laminate
- Heating: Forced Air, Wall Furnace
- Appliances: Range/Oven, Refrigerator
- HeatingYN: true
- CoolingYN: true
- LeaseTerm: 12 Months
- ConstructionMaterials: Brick
- NumberOfUnitsTotal: 8
- LotFeatures: Level
- ExteriorFeatures: Balcony
- Basement: Crawl Space
- NumberOfUnitsLeased: 6
- FarmLandAreaUnits: Square Feet
- MaintenanceExpense: 2640
- PatioAndPorchFeatures: Porch
- TenantPays: Sewer, Trash Collection, Water Softener
- OwnerPays: Electricity, Heating
- Cooling: Wall Unit(s)
- InteriorFeatures: Laminate Counters
- BelowGradeFinishedArea: 0
- ElectricExpense: 0
- FuelExpense: 0
- FoundationDetails: Basement
- WaterSource: City
- PetsAllowed: Pet Restrictions
- Sewer: City
- MlsStatus: Active
- TrashExpense: 760
- Zoning: City Zoning(R-4 Multiple Residential)
- InsuranceExpense: 2780
- TaxAnnualAmount: 1565
- ListPriceLow: 310000
- GrossIncome: 4405
- NetOperatingIncome: 34339
- OtherExpense: 4228
- TotalActualRent: 52860
- WaterSewerExpense: 6548
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$473,900
2% more+ $9,478
With Zillow Showcase(estimated)
$483,378