101 SE 1st St | Evansville, IN 47708
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- LoopNet Team
101 SE 1st St
Evansville, IN 47708
Value-Add Historic Multifamily Asset · Multifamily Property For Sale
·
83 Units
INVESTMENT HIGHLIGHTS
- Rare opportunity to acquire a historic multi-family asset along the Ohio River.
- Significant value-add opportunity featuring 83 one- and two-bedroom units with unique floor plans.
- Major CapEx from the current ownership on the building exterior and systems, leaving only revenue enhancing CapEx left.
- In addition to the transformation of the apartments, the property features commercial space that has recently undergone extensive renovations.
- Currently, 5,483 SF of commercial space is leased and 8,400 SF is unfinished, providing a blank canvas for a new owner.
- Adjacent to major economic drivers and employers, including Old National Bank’s national headquarters.
PROPERTY FACTS
| No. Units | 83 | Building Size | 159,074 SF |
| Property Type | Multifamily | Average Occupancy | 89% |
| Property Subtype | Apartment | No. Stories | 8 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1917/2017 |
| Building Class | B | Parking Ratio | 0.5/1,000 SF |
| Lot Size | 1.07 AC | Cross Streets | 1st St |
| No. Units | 83 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.07 AC |
| Building Size | 159,074 SF |
| Average Occupancy | 89% |
| No. Stories | 8 |
| Year Built/Renovated | 1917/2017 |
| Parking Ratio | 0.5/1,000 SF |
| Cross Streets | 1st St |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Washer/Dryer
- Tile Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
SITE AMENITIES
- Laundry Facilities
- Roof Terrace
- Storage Space
- Maintenance on site
- Multi Use Room
PROPERTY TAXES
| Parcel Number | 82-06-30-020-005.002-029 | Improvements Assessment | $7,010,700 |
| Land Assessment | $93,600 | Total Assessment | $7,104,300 |
PROPERTY TAXES
Parcel Number
82-06-30-020-005.002-029
Land Assessment
$93,600
Improvements Assessment
$7,010,700
Total Assessment
$7,104,300
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