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$645,000   Price Analysis
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2701 Mount Vernon Ave
Evansville, IN 47712
12 bed 12 bath 7,920 SqFt ($81/SqFt)
0.27 acre lot. Built 1970
Listed 2024-03-11, Taxes $3,266
USDA Eligible
near Evansville, IN
 Restrictions may apply
due to home size

This apartment building is close to schools

Shopping, professional services and a few blocks west of the most dynamic WestSde merchants and entertainment MECA . . . West Franklin Street. A well maintained, virtually no vacancy periods, property. There are three floors with 4 units on each floor. In the lower level, there is an income producing laundry room.

Bring your investors right away, this property won't be on the market long. Capital improvements made by owner: Updated laundry, new windows, updated kitchens and bathrooms with dishwasher in most unit s, about half of the units have updated HVAC, new floor coverings and painted throughout, all appliances included, roof 12 years old, 2 commercial washers, 2 commercial dryers, all coin operated also included, provide additional income. Ample paved parking lot.


Presented by Harris Howerton at
Harris Howerton Real Estate.


Property MLS #202407861 from IRMLS

Bedrooms: 12

Total Bathrooms: 12 / 0
Full Bathrooms: 12

# of Dishwashers: 12

Laundry Features: # of Washers: 2, # of Dryers: 2

Cooling Features: Central Air
Heating Features: Forced Air

Furnished Description: Building, Land, Lease
Flooring: Carpet, Vinyl

Basement Description: Full Basement

Lot Description: Corner
Lot Size Acres: 0.27
Lot Size Dimensions: 123 x 111
Lot Size Square Feet: 11761

Garage Spaces: 12
Garage Description: Off Street, Paved

Elementary School: Tekoppel
High School: Francis Joseph Reitz
Middle School: Helfrich
School District: Evansville-Vanderburgh School Co

Helfrich Park Stem Academy is a public middle school located approximately 0.3 miles away.
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Francis Joseph Reitz High School is a public high school located approximately 0.7 miles away.
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Tekoppel Elementary School is a public elementary school located approximately 0.7 miles away.
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Westside Catholic School/St Boniface Campus is a private elementary and middle school located approximately 0.6 miles away.
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Number of Units: 12
Number of 1 Bedroom Units: 12

Lease Term: 1 Year
Tenant Pays: Electric, Fuel

Community Features: Balcony, Detector-Smoke

Source Listing Status: Active
County: Vanderburgh County
Directions: Lloyd Expressway to North on St. Joseph Avenue to West on W Franklin to Right on Mount Vernon Avenue. Building on right.
Source Property Type: INVESTMENT
Owner Pays: Sewer, Trash Collection, Water
Parcel Number: 82-05-23-018-033.053-025
Township: Perry
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$132,100 + $14,900
$147,000
$3,266
2020$144,500 + $14,900
$159,400
$3,462
2019$144,500 + $14,900
$159,400
$3,441
2018$166,800 + $14,900
$181,700
$3,455
2018$144,500 + $14,900
$159,400
$3,455
2017$166,900 + $14,900
$181,800
$4,060
2016$185,700 + $14,900
$200,600
$3,970
2015$178,500 + $14,900
$193,400
$4,389
2013$180,300 + $14,900
$195,200
$6,451
2012$201,100 + $14,900
$216,000
$7,273
2011$244,600 + $11,900
$256,500
$5,315
2010$255,500 + $11,900
$267,400
$5,407
2008$255,500 + $11,900
$267,400
$6,518

Listed 2024-03-11
$645,000
IRMLS
Sold 2013-11-18
$311,250
Public Record
Sold 2012-07-30
$407,500
Public Record
Listing removed 2011-10-07
$403,850
SIAR
Listed 2011-04-08
$403,850
SIAR

Total Square Feet Living: 7920
Year Built: 1970
Above Grade Finished Area: 5280
BelowGradeFinishedArea: 2640
Property Age: 54
Levels or Stories: 2
Structure Type: Apartment Building
House Style: Two Story
Total Area Sqft: 7920
Total Below Grade Area: 2640

Sewer: City
City
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.