230-240 Hoosier Street

North Vernon, IN 47265

$825,000
Price
Beds
11,306 Sq. Ft.
$73 / Sq. Ft.
11,306
Sq. Ft.
$73
per Sq. Ft.

Description

This income producing property features 6 - 2 bedroom, 1 bath units and 6 - 1 bedroom, 1 bath units and a coin laundry area with additional commercial space with road frontage that could be leased out for additional income. Good cap rate potential with under market rents. Large parking lot offers plenty of spots for tenants and the potential leased business. Units have been tastefully updated in the last two years. Buildings are conveniently located downtown North Vernon which is centrally located...This income producing property features 6 - 2 bedroom, 1 bath units and 6 - 1 bedroom, 1 bath units and a coin laundry area with additional commercial space with road frontage that could be leased out for additional income. Good cap rate potential with under market rents. Large parking lot offers plenty of spots for tenants and the potential leased business. Units have been tastefully updated in the last two years. Buildings are conveniently located downtown North Vernon which is centrally located about an hour from Indianapolis, Louisville, and Cincinnati.
  1. Listed by Jessica Risacher • F.C. Tucker Real Estate Expert • jessica.risacher@talktotucker.com

Property Details for 230-240 Hoosier Street

Township
Center
Zoning
R-MF
LISTING UPDATED: 09/18/2024 02:08 PM

Property Details for 230-240 Hoosier Street

StatusActive
MLS #21958833
Days on Market155
Taxes$3,410 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1971
Lot Size0.17 AC / 7,405 SF
CountyJennings County

Building Information for 230-240 Hoosier Street

Stories2Residences12Year Built1971Building Size-Lot Size0.17 AC / 7,405 SF

Property Information for 230-240 Hoosier Street

Summary
Location and General Information
  • City: North Vernon
  • County Or Parish: Jennings
  • Directions: GPS Friendly
  • Postal Code: 47265
  • Road Access: Frontage Road
  • Road Frontage Type: City Street
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 400934230047000004
  • Semi Annual Property Tax Amt: 3410
  • Tax Year: 2023
  • TaxLot: /
School Information
  • High School: Jennings County High School
  • Middle Or Junior School: Jennings County Middle School
  • School District: Jennings County School Corporation
Owner
  • Owner Pays: Ins Hazard, Taxes, Sewer, Trash Collection, Water
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Apt<20
  • Lot Size Square Feet: 7405.0
  • Lot Size Acres: 0.17
  • New Construction: False
  • Stories: 2
  • Space Available: 11306
  • Structure Type: Apartment Building,Quadruplex,FreeStand
  • Sq Ft Total: 11306.0
  • Year Built Numeric: 1971
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Legal Subdivision: N V Pt 204 Q Pt 360 Hh
  • Photos Count: 4
  • Property Sub Type: Multi-Family 5+
  • Property Type: Commercial Sale
  • Road Surface Type: Asphalt
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Building Utilities: Sewer,Water
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Operating Expense: 28279.0
Interior and Exterior Features
Exterior Features
  • Roof: Asphalt
Interior Features
  • Basement YN: Yes
  • Cooling: Wall Unit(s)
  • Heating: Baseboard
  • Levels: Three Or More
  • Laundry Features: Common Laundry
  • Multi Baths: 12
  • Multi Beds: 18
Multi Family
Multi-Family Information
  • Total Units: 12
  • Garage Parking: Parking Lot
Income & Expenses
  • Gross Scheduled Income: $115,080.00
Unit 1
  • Unit Kitchen: 150
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 1 Bedroom
Unit 2
  • Unit Kitchen: 150
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 2 Bedroom
Rental
Rental Information
  • Multi Tenants: Yes
  • Tenant Pays: Electricity

Property History for 230-240 Hoosier Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 230-240 Hoosier Street

This home is within Jennings County Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
North Vernon Elementary School
PublicPK to 6

Jennings County Middle School
Public7 to 8

Jennings County High School
Public9 to 12

St Mary Elementary School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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230-240 Hoosier Street is a multi-family home for sale in North Vernon, IN 47265. This property was listed for sale on January 5, 2024 by F.C. Tucker Real Estate Expert, it's currently listed at $825,000. It has been on the market for a total of 155 days and was last sold on March 22, 2019. This listing's school district is Jennings County Schools. Nearby schools include North Vernon Elementary School, Jennings County Middle School and Jennings County High School. 230-240 Hoosier Street is a 0-bed, 0-bath, 11,306 sqft multi-family home built in 1971.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of F.C. Tucker Real Estate Expert

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.