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Sold

1101 Washington Avenue

1101 Washington Avenue, Vincennes, IN 47591

$135,000

Investment Property! This is a 7 unit property that could be turned into mixed use and a value add property. Currently at a 22% Cap Rate, this property is a rare find! The main floor has 7 commercial units with flexible floor plans, and currently 85% rented. There is just short of 6000 square feet unfinished on the 2nd floor, that could be turned into additional office or residential spaces. This property needs a little bit of love, so we priced it accordingly, helping the next buyer see the property to its full potential!

15,656 Sq.Ft. LIVING AREA

0.51 Acres lot

Beth Hicks

title REALTOR®
PHONE (812) 890-2366
EMAIL [email protected]
DRE # RB14043440

Features & Amenities

Interior

Flooring Carpet, Concrete
other interior Features Drywall

Area & Lot

Status Sold
Living Area15,656 Sq.Ft.
Lot Area0.51 Acres
MLS® ID202310094
TypeCommercial
YEAR BUILT1890
Middle SchoolNo

Exterior

STORIES2
utilitiesElectric Hook-Up, Gas Hook-Up, Mun Water Hook-Up
roofRubber
HEAT TYPEGas, Forced Air
AIR CONDITIONINGCentral Air
sewerCity
SubstructureUnfinished

Financial

Sales Price$135,000
Real Estate Tax $5,691/yr
Zoning Mantle & Nobles

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Contact Details

KLEIN REAL ESTATE

Phone

(812) 882-2202

[email protected]

Address

505 N 6th St Vincennes IN 47591

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