230 Hoosier St North Vernon, IN 47265
- Commercial real estate
- 11,306 SF
- 0.17 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 230 Hoosier St
- Year built
- 1971
- Lot size
- 0.17 lot acres
- Property size
- 11,306 SF
- Property type
- Commercial real estate
- APN
- 400934230047000004
Description
This exceptional 12-unit apartment building presents a compelling investment opportunity in North Vernon, Indiana. Located at 230-240 Hoosier Street, this property boasts 11,306 square feet on a 0.17-acre lot (7,405 sq ft). The two-story building, constructed in 1971 and zoned R-MF, comprises six two-bedroom, one-bathroom units and six one-bedroom, one-bathroom units. A significant advantage is the inclusion of a coin-operated laundry facility and additional commercial space with street frontage, offering potential for supplemental income streams. Recent tasteful updates to the units within the last two years enhance their appeal and marketability. The property also features a spacious parking lot accommodating tenants and potential commercial lessees. Currently, rents are below market value, suggesting a strong potential for increased profitability. The convenient downtown North Vernon location provides easy access to major cities, including Indianapolis, Louisville, and Cincinnati (approximately one hour's drive from each). The asking price is $849,900. The property's APN is 400934230047000004. This is a turnkey investment ready for immediate income generation and future appreciation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Vernon
- County
- Jennings
- State
- Indiana
- Longitude
- -85.62684
- Latitude
- 39.0082492
