Current Use by Public Records
- Commercial real estate
Property Details for 1233 St James Blvd
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents two adjacent, all-brick four-plex buildings totaling eight units in Evansville, Indiana. Located at 1233 S St James Blvd, this property boasts a strong 6.06% capitalization rate and a Net Operating Income (NOI) of $35,777. The property is zoned R-2 and features a total of eight units across two one-story buildings. Currently, there is only one vacancy projected for October 2024, indicating a history of stable tenancy. Each tenant contributes an additional $55.00 per month towards utilities, adding to the property's overall profitability. The asking price is $590,000, translating to a price per square foot of $92.94. The property's address is 1233 S St James Blvd, Evansville, IN 47714, and its APN is 82-06-34-012-012.054-027. This well-maintained property offers a compelling investment opportunity with significant potential for future growth and strong cash flow. The property's location in Vanderburgh County provides easy access to local amenities and transportation. This is a rare chance to acquire a stable, multi-unit property with a proven track record of success.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Evansville
- County
- Vanderburgh
- State
- Indiana
- Longitude
- -87.5164
- Latitude
- 37.9592
