$480,341*
●
Commercial -
Off Market
1001 Washington Avenue
Vincennes, IN 47591
Studio
2 Baths
$333,000 - $405,000
Reference Base Price*
29.86%
Since Feb 1, 2021
National-US
Primary Model
About This Property
Tons of Space in this mixed use commercial building! The
property currently has a 11% Cap Rate with only 4 out of the 7
units rented! This has potential to be a 14-16% Cap Rate
which is unheard of in most markets! This property has great leases
and income, with the front show room still available for lease. The
3rd part of the main level has an overhead door and separate
entrance with warehouse storage and a freight elevator for the
upper level. On the 2nd floor there are 3 recently remodeled
apartments, all currently rented for $700/month each, bringing in
$2100 monthly for additional income! There is another 3500 SF
of upper level storage that could be made into more apartments or
kept as storage. This property could be a money making
machine when fully rented or a great business opportunity with
extra income for your current business.
Unit Size
-
Days on Market
-
Land Size
0.38 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$4,631
HOA Dues
-
Year Built
-
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 2, 2021 | No longer available | - | |
No longer available | |||
Nov 10, 2020 | Relisted | $369,900 | |
Relisted | |||
Nov 9, 2020 | No longer available | - | |
No longer available | |||
Nov 6, 2020 | No longer available | - | |
No longer available | |||
Jul 10, 2020 | Relisted | $369,900 | |
Relisted |
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Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
02/28/2018
|
|
Loft
|
2 Bath
|
-
|
$399,900
Loft
2 Bath
|
-
-
|
-
|
-
|