10-Unit Efficiency Apartment
For Sale
$575,000
9633 W State Road 56, French Lick, IN 47432
Ten efficiency apartments plus a 2BR/1BA row house with laundry, included appliances, and plenty of asphalt parking on nearly an acre.
Property Size5,720 SF
Price / SF$100.52
Days on Market101
Property Features for 9633 W State Road 56
General Information
Standard status
Active
Size
5,720 SF
Additional Details
Multifamily Units
10
Amenities
laundry facility
storage facility
Building Details
Year Built
1948
Tenancy
Multi
Listing Agency:
Williams Carpenter Realtors
Listed By:
Matthew Corey · License #RB17001655
(812) 583-2274
Source:
Kmsrealestategroup
Added: Jul 20
Changed: Oct 26
Last Checked: Oct 7 at 2:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Williams Carpenter Realtors
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This 10-unit efficiency apartment complex offers rental income in a straightforward multifamily setup, along with a separate 2-bedroom, 1-bath row house that includes a laundry facility. The property also features an additional storage facility, with room to add or expand laundry/storage improvements. The listing notes flexibility to increase unit counts over time, depending on how the site is developed.
Located at 9633 W State Road 56 in French Lick, Indiana, the property sits on nearly an acre of ground with asphalt parking to the east and west of the building(s). The seller also indicates an included 1-year home warranty for the house, and that appliances and furnishings are included for the covered house.
Overall, it’s designed for an operator who wants an income-producing apartment complex paired with an on-site row house component, plus space that may support additional storage and laundry facilities.
Located at 9633 W State Road 56 in French Lick, Indiana, the property sits on nearly an acre of ground with asphalt parking to the east and west of the building(s). The seller also indicates an included 1-year home warranty for the house, and that appliances and furnishings are included for the covered house.
Overall, it’s designed for an operator who wants an income-producing apartment complex paired with an on-site row house component, plus space that may support additional storage and laundry facilities.
Key Highlights
- 10‑unit efficiency apartment complex plus a 2BR/1BA row house with a laundry facility
- Year built: 1948
- Nearly 1 acre of ground with asphalt parking to the east and west of the property
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Lease Details
10
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
29
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Demographics for 47432, IN
4,429
Population
2,213
Households
2
Avg Household Size
45
Median Age
16%
College-Educated
85%
High-School Grad
77.8 sq mi
ZIP Area
57
Density / Sq Mi
$64,162
Median Household Income
$39,695
Median Earnings
$784
Median Rent
$101,900
Median Home Value
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Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Ten efficiency apartments plus a 2BR/1BA row house with laundry, included appliances, and plenty of asphalt parking on nearly an acre.
Where is this apartment building located?
The property is located at 9633 W State Road 56 French Lick, IN.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 10‑unit efficiency apartment complex plus a 2BR/1BA row house with a laundry facility; Year built: 1948; Nearly 1 acre of ground with asphalt parking to the east and west of the property
