300 West Jennings Street

Newburgh, IN 47630

$2,250,000
Price
8
Beds
6
Baths
6
1/2 Baths
25,800 Sq. Ft.
$87 / Sq. Ft.
25,800
Sq. Ft.
$87
per Sq. Ft.

Description

Invest in a piece of Newburgh history with this prime commercial property. This 22-unit facility, strategically located in downtown Newburgh near the Ohio River, offers a unique blend of historic charm and modern convenience. With 5 residential units and 17 commercial spaces, this property has the potential to generate over $275,000 annually in gross income. Don't miss this opportunity to own a thriving business hub in one of Indiana's most picturesque towns. Owner is a licensed Real Estate Broker.Invest in a piece of Newburgh history with this prime commercial property. This 22-unit facility, strategically located in downtown Newburgh near the Ohio River, offers a unique blend of historic charm and modern convenience. With 5 residential units and 17 commercial spaces, this property has the potential to generate over $275,000 annually in gross income. Don't miss this opportunity to own a thriving business hub in one of Indiana's most picturesque towns. Owner is a licensed Real Estate Broker.
  1. Listed by Larry Carpenter III • Carpenter Realty LLC

Property Details for 300 West Jennings Street

Style
Two Story
Subdivision
None
Waterfront
No
Pet Restrictions
No
LISTING UPDATED: 11/04/2024 11:24 PM

Property Details for 300 West Jennings Street

StatusActive
MLS #202442835
Days on Market18
Taxes$9,017 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Apartment Complex
Year Built1940
CountyWarrick County

Building Information for 300 West Jennings Street

Building/Complex300 W Jennings StFloor-Stories2Residences22Pet Policy-Year Built1940Building Size-

Property Information for 300 West Jennings Street

Summary
Location and General Information
  • Area: Warrick County
  • City: Newburgh
  • Zip Code: 47630
  • State: IN
  • Township: Ohio
  • Geo Latitude: 38
  • Geo Longitude: -87
  • Fips Code: 18173
  • Directions To Property: Follow W SR 662 until it goes W Jennings St., Property is on the Left
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2024
  • Parcel Number Id: 87-15-03-103-039.000-014
School Information
  • School District: Warrick County School Corp.
  • Elementary: Newburgh
  • Middle School: Castle South
  • High School: Castle
Parking
  • Number Of Parking Spaces: 50
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Apartment Complex
  • Approx Lot Size Acres: 1.4
  • Lot Dimensions: 1.4 Acre
  • Below Grade Unfin Sqft: 400.0
  • Total Square Feet: 26200.0
  • Approx Lot Size Sqft: 60984.0
  • Above Grade Finished Sqft: 25800.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 400.0
  • Total Finished Sqft: 25800.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Irregular
Property and Assessments
  • New Construction: No
  • Year Built: 1940
  • Age: 84
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Off Street Parking
  • Exterior: Brick
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Dishwashers: 5
  • Number of Disposals: 5
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 5
  • Number of Refrigerators: 5
  • Number of W/D Hookups: 5
  • Number of Washers: 0
  • Basement: Yes
  • Basement/Foundation: Partial Basement
  • Cooling: Central Air
  • Flooring: Carpet, Concrete, Laminate, Tile
  • Heating/Fuel: Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 8
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 8
  • Total Number of Full Baths: 6
  • Total Number of Half Baths: 6
  • Total Baths: 12
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 2
  • Num Of 2 Bedrooms: 2
  • Num Of 3 Bedrooms: 1
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 18
  • Number of Units: 22
Income & Expenses Information
  • Annual Electric Expense: $33,115.48
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $275,000
  • Annual Insurance Expense: $7,200
  • Annual Maint. Expense: $20,000
  • Annual Misc: $0
  • Annual Net Income: $190,368
  • Annual Property Tax: $9,017
  • Annual Trash Expense: $3,300
  • Annual Water/Sewer Exp: $12,000
  • Gross Monthly Income: $22,917
  • Gross Monthly Rent: $22,917
Rental
Rental Information
  • Lease Term: 1 Year, Month to Month
  • Owner Pays: Electric, Lawn Maintenance, Sewer, Snow Removal, Trash Collection, Water
  • Tenant Pays: None

Property History for 300 West Jennings Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 300 West Jennings Street

This home is within Warrick County School Corp.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Newburgh Elementary School
PublicK to 5

Castle North Middle School
Public6 to 8

Castle High School
Public9 to 12

Tecumseh Middle School
Public6 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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300 West Jennings Street is a multi-family home for sale in Newburgh, IN 47630. This property was listed for sale on November 4, 2024 by Carpenter Realty LLC, it's currently listed at $2,250,000. This listing's school district is Warrick County School Corp. Nearby schools include Newburgh Elementary School, Castle North Middle School and Castle High School. 300 West Jennings Street is a 8-bed, 9-bath, 25,800 sqft multi-family home built in 1940.

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 Carpenter Realty LLC

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.