1309 Mt. Zion Rd. Henryville, IN 47126

Multi-Family for Sale
Catylist Listing ID: 30279382
Property Subtypes: Low-Rise/Garden
Number of Units: 11 Units
Building Size (RSF): 4,167 SF
Gross Building Area: See Agent
Gross Land Area: 1.20 Acres
Sale Price: $525,000
Unit Price: $47,727.27 Per Unit
Property Use Type: Net Leased Investment (NNN)
Building Name: Henryville Apartments
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Last Updated: 10/12/2018

Overview / Comments

UNIQUE OPPORTUNITY to purchase a family owned and built APARTMENT complex! The COMPLEX offers 11 units (10) 2 bed, 1 1/2 bath, and 1 unit is a 1 bed/1bath with attached garage. Some great updates in the past few years include roof, parking lot (26 spaces) and several of the units have fresh paint and carpet. The rent is currently $500/month, but is being raised to $550 July 2018. Tenant pays electric. The seller pays water, sewer and misc electric. The property offers add'l space to ADD a DUPLEX or possibly a 4 PLEX to increase revenue. Great location with easy access to interstate! Schedule an appt. today

Financials

Finance Data Year 2017
Tax Value Land $51,100
Tax Value Improvements $300,700
Assessed Value - Total($) $351,800 (Annual)

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Tax ID/APN: 10-06-25-400-151.000-027
Zoning: COMMERCIAL
Percent Occupied: 89%
Highway Access: Located Just Minutes from I-65
Airports: Located 30 Minutes from Louisville, SDF
Total Number of Buildings: 3
Property Condition: Good
Number of Stories: 1
Year Built: 1976
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Parking Lot Recently Updated
Total Parking Spaces: 26
Laundry: Laundromat Nearby
Sprinklers: None
Water Service: Municipal
Sewer Type: Municipal
Legal Description: GT 254 1.2 Ac.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,974 3,575 9,790
Median Age: 35.2 37.67 38.12
Households: 747 1,276 3,635

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