2009 Pollack Ave - Apartments FOR SALE


Evansville, IN 47714
$249,000 USD
812-746-8569
2009 Pollack Ave, Evansville, IN for Sale
$249,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

2009 Pollack Ave
Evansville, IN 47714


HIGHLIGHTS

  • Commercial/retail space with garage and 3 residential units
  • Income producing with upside potential
  • Commercial/retail space includes 19'x40' attached garage

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.

FOR SALE DETAILS

PRICE

$249,000 USD

PRICE/SF

$66 USD /SF

# OF UNITS

3

PRICE/UNIT

$83,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Retail/Multi-Family

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

C-1

APN/PARCEL ID

82-09-03-012-019.003-027,82-09-03-012-019.004-027,82-09-03-012-019.018-027

ASK ABOUT THIS PROPERTY

Richard ClementsSummit Real Estate ServicesMore Info
812-746-8569

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Richard ClementsSummit Real Estate ServicesMore Info
812-746-8569

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