1120 IN-SR 662 - Apartments FOR SALE


Newburgh, IN 47630
$650,000 USD
812-473-6677
1120 IN-SR 662, Newburgh, IN for Sale
$650,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

1120 IN-SR 662
Newburgh, IN 47630


HIGHLIGHTS

  • Proximity to lifestyle amenities and largest area employers.

OVERVIEW

This 5 unit building, on the outskirts of Downtown Newburgh, has been updated from top to bottom and is ready for a new owner.  This could be a great short term rental opportunity or could be a traditional long term rental opportunity as well.  The existing owner is leaving the units vacant currently so a new Buyer can decide how they want to move forward.  There is only 1 gas/electric and water meter for the full property.  There is a shared laundry area for the 4 - 1 Bed units and the lower 2 Bed unit has laundry hook ups available in the unit. Seller is a Licensed Real Estate Broker in the State of Indiana.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$166 USD /SF

# OF UNITS

5

PRICE/UNIT

$130,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1120 State Road 662, Newburgh

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,048 SF

ZONING

C-2

APN/PARCEL ID

87-12-33-400-078.000-014

ASK ABOUT THIS PROPERTY

Kyle BernhardtF.C. Tucker CommercialMore Info
812-473-6677

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Kyle BernhardtF.C. Tucker CommercialMore Info
812-473-6677

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.