329 Main St | Evansville, IN 47708
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- LoopNet Team
329 Main St
Evansville, IN 47708
329 on Main · Multifamily Property For Sale
·
49 Units
INVESTMENT HIGHLIGHTS
- Excellent opportunity to purchase a 50-unit, 10-story building ideally situated within Evansville's vibrant, growing downtown area.
- The lender-owned property offers a buyer the ability to acquire a distressed property well below replacement cost.
- The property is equipped with a 4,385-square-foot commercial retail space that is currently vacant, creating additional value upon leasing.
- The area highlights strong demographics with 227,816 residents and an average household income of $72,943 within a 10-mile radius.
PROPERTY FACTS
| No. Units | 49 | Building Size | 65,812 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 11 |
| Apartment Style | Mid-Rise | Year Built | 1912 |
| Building Class | C | Parking Ratio | 1.03/1,000 SF |
| Lot Size | 0.60 AC | ||
| Zoning | C-3 - Commercial District | ||
| No. Units | 49 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 65,812 SF |
| Average Occupancy | 92% |
| No. Stories | 11 |
| Year Built | 1912 |
| Parking Ratio | 1.03/1,000 SF |
| Zoning | C-3 - Commercial District |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Kitchen
- Granite Countertops
- Ice Maker
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Walk-In Closets
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Vintage Building
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 35 | - | 495 - 865 |
| 2+1 | 3 | - | 780 - 1,056 |
| 2+2 | 10 | - | 780 - 1,152 |
| 3+2 | 1 | - | 1,427 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,462,700 | |
| Land Assessment | $209,500 | Total Assessment | $4,672,200 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$209,500
Improvements Assessment
$4,462,700
Total Assessment
$4,672,200
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