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1320 SE 2nd St
Evansville, IN 47713
The Rathbone · Multifamily Property For Sale
·
58 Units
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Tenant Controlled HVAC
- Smoke Free
- Elevator
- Smoke Detector
ABOUT 1320 SE 2ND ST , EVANSVILLE, IN 47713
BACK ON MARKET - PRICE REDUCED. Formerly known as the Rathbone Retirement Community, owners ceased assisted living operations as of September 1st and offer the property for sale ready for apartment conversion. The building contains 58 units on 2 stories in the original section constructed in 1869 and a large addition completed in 1985. The units all have individual kitchen and baths. Each unit is separately metered and has their own package HVAC making it ready to rent as standard apartments. The grounds are meticulously landscaped and the site has several large mature hardwood trees that shade the building and grounds and provide a very attractive appearance. The Rathbone property includes many common amenities including a full commercial kitchen and dining room, laundry room, library, recreation room, and a hair salon. The property has a large basement and attic that along with the common areas and rear courtyard could be areas for future expansion. The property is offered with all FF&E including lawn care equipment and commercial kitchen.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 23 | - | 350 - 437 |
| 2+1 | 35 | - | 733 - 838 |
PROPERTY TAXES
| Parcel Number | 82-06-32-022-095.002-029 | Improvements Assessment | $2,982,100 |
| Land Assessment | $256,600 | Total Assessment | $3,238,700 |
PROPERTY TAXES
