419 Oakley Street Evansville, IN 47710

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Lorri Haber
Lorri Haber
(260) 615-5686
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Sixplex • 56Y Old

$350,000

419 Oakley Street

12 Bedrooms
6 Bathrooms
4004 Sq Ft
0.22 Acres
Property Description

This fantastic fully leased garden style 6 unit is the perfect addition to your portfolio. Located inside the qualified opportunity zone with potentially significant tax benefits (consult your tax professional). Made up of 6- 2 bed 1 bath, 667 sqft, units with gas furnaces and separated electric and gas meters. Current rents are $3,041 per month. ($506.83/month per residence on average). Owner pays for heat for water, water, sewer and trash. This presents a value add opportunity to install individual water heaters in each dwelling. Here the new buyer could increase the value by billing back for water/sewer/trash and also installing W/D hookups in units. With a long term tenant base there is also an opportunity to raise rents to market ($550-$595). Per seller updates include: roof 04', balcony and structure replaced in 12', New sump pump in crawl 12', two water heaters for entire building 12', all windows 15', 5 of 6 apartments have been repainted, new electric, plumbing repairs, light fixtures. Located right between the two largest employers in Evansville Berry plastics and Deaconess hospital and close to the $15m renovation of North Main corridor and the new $28m mixed use The Lofts on North Main.

Directions

Lloyd West to First Ave East on W Virginia apartment complex on right after Oakley on corner between Deaconess and Berry Plastics

Map to 419 Oakley Street, Evansville, IN 47710

Property
MLS # 202119032
Status Active
Property Type Investment
Property SubType Sixplex
Square Feet 4004 Sq Ft
New Construction No
Style Two Story
Type Sixplex
Bedrooms 12
Bedrooms 6
Annual Taxes $1,652.25
Year Taxes Payable 2021
Year Built 1965
Virtual Tour propertypanorama.com »
Days on Market 26
External Features
Construction Sixplex
Lot Size 9,583 sq ft
Acreage 0.22 Acres
Lot Dimensions 0x0
Fence None
Location
Area Vanderburgh County
County Vanderburgh
Subdivision None
Township Pigeon
City Evansville
State IN
Zip 47710
Schools
School District Evansville-Vanderburgh School Corp.
Elementary Lincoln
Middle School Lincoln
High School Central
Financial
Assoc. Dues $0.00 Not Applicable

MLS# 202119032.
Listing Provided Courtesy of Casey McCoy
KELLER WILLIAMS CAPITAL REALTY

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Listing information last updated Saturday, June 19th, 2021 at 11:30 AM EDT.

Learn More About 419 Oakley Street

Presented By
Lorri Haber
Lorri Haber
(260) 615-5686
Email
Select Agent to Contact

By clicking "Message Agent", you agree to be contacted by Lorri Haber about your request. Please see our Privacy Policy.