1517 Jeanette Ave - Apartments FOR SALE


Evansville, IN 47714
$1,350,000 USD
812-474-1900
1517 Jeanette Ave, Evansville, IN for Sale
$1,350,000 USD
Apartments - FOR SALE
1/6
null | 6.6% Cap Rate

1517 Jeanette Ave
Evansville, IN 47714


OVERVIEW

Payton Place apartments ("PPA") consists of 3 brick buildings (2-stories) containing 21 - 1 BR units and 1 Efficiency apartment. Current occupancy as of October 2024 is 93.5% (2 vacant units) with historically stable occupancy. Property is located at the corner of Covert Avenue/Jeanette Avenue, a few blocks west of S. Green River Road, as well as a couple blocks away from McGary Middle School and Holy Rosary Catholic School/Church, with convenience to the Evansville city transportation system.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$111 USD /SF

# OF UNITS

22

PRICE/UNIT

$61,364

CAP RATE

6.6%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Peyton Place Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

94

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,998 SF

ZONING

R-3

APN/PARCEL ID

82-06-35-011-151.001-027

ASK ABOUT THIS PROPERTY

Chris Jackson, CCIM, SIORWoodward Commercial RealtyMore Info
812-474-1900

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Chris Jackson, CCIM, SIORWoodward Commercial RealtyMore Info
812-474-1900

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