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Courtesy of Integrity Realty Group LLC, Delmar Wagler, Office: 812-636-5600
24 Beds
24 Baths
11,784 sqft

$1,185,000

501 Eric Avenue, Vincennes IN, 47591-4446

Built in1983
Property size11,784 sqft
Property typeCondominium

Overview

Active

Updated 10 min ago

12-unit townhome community in Vincennes – $1,185,000. Twelve two-story 2 bed / 2 bath townhomes, each with living room, kitchen, laundry room, private entry, and its own street address (501–523 Eric Ave). Brick and vinyl exteriors, metal roofs, off-street parking. Separately metered gas and electric; tenants pay all utilities including water and sewer; city trash pickup. Fully leased with long-term tenants. Gross rent $10,875/month ($130,500/year); six units already at $1,000 with clear upside on the other six. Approx. 7.3% cap on actual 2025-pay-2026 taxes ($14,080) and insurance. Minutes from Vincennes University and Good Samaritan Hospital. Financial summary available to qualified buyers. Do not disturb tenants.

$7,884/mo

Est. mortgage payment based on a $1,185,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202646359

Interior Features

Bedrooms
24
Bathrooms
24
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.41 Acres

Other Property Details

Taxes
$14,081
Tax Frequency
Annually
Municipality
Vincennes
Pets Allowed
Yes
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Listings courtesy of Indiana Regional MLS as distributed by MLS GRID 

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