315 10th St - Apartments FOR SALE


Tell City, IN 47586
$485,000 USD
812-972-5908
315 10th St, Tell City, IN for Sale
$485,000 USD
Apartments - FOR SALE
1/11
null | 10.36% Cap Rate

315 10th St
Tell City, IN 47586


HIGHLIGHTS

  • Central Tell City location near civic and retail uses
  • Integrated within established neighborhood fabric
  • Convenient access to local services and amenities
  • Positioned in a stable, business-friendly market
  • Suitable for a range of commercial use concepts

OVERVIEW

A fantastic opportunity to own 3 duplexes in Tell City, IN. The property has been updated over the years, and well maintain. A new roof was recently installed on one of the duplexes. All units are occupied, except for 1. Tenants pay/reimburse utilities. Many tenants have been long term tenants. Each unit is 2 bedroom and 1 bathroom. Newer flooring has been installed over the years, as well as updates to the kitchens and bathrooms. When fully rented, the Gross income of this property is $4,750 monthly, and $57,000 yearly. Routine expenses including taxes, insurance, lawn care and pest control run approximately $6,750 per year. Giving this property approximately a 10% cap rate. This property is a great opportunity for those looking to get into the multifamily business or those looking to expand their portfolio.

FOR SALE DETAILS

PRICE

$485,000 USD

PRICE/SF

$79 USD /SF

# OF UNITS

6

PRICE/UNIT

$80,833

CAP RATE

10.36%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,400 SF

ZONING

-

APN/PARCEL ID

62-13-32-082-308.006-007

ASK ABOUT THIS PROPERTY

Garrett DunawayLopp Commercial BrokersMore Info
812-972-5908

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Garrett DunawayLopp Commercial BrokersMore Info
812-972-5908

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