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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 | 1916 |
| Building Class | C | Parking Ratio | 1.03/1,000 SF |
| Lot Size | 0.12 AC | ||
| Zoning | C-3 - Commercial District | ||
| No. Units | 49 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 65,812 SF |
| Average Occupancy | 92% |
| No. Stories | 11 |
| Year Built | 1916 |
| 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 Number | 82-06-30-020-022.013-029 | Improvements Assessment | $4,548,300 |
| Land Assessment | $9,100 | Total Assessment | $4,557,400 |
Property Taxes
Parcel Number
82-06-30-020-022.013-029
Land Assessment
$9,100
Improvements Assessment
$4,548,300
Total Assessment
$4,557,400
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