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Listing Details

MLS 202240820: 89900
INVESTMENT: Apartment Building

Status: Active

228 N Hart Street
Princeton, IN 47670
(map)
Area: Gibson County
Subdivision: None
School District: North Gibson School Corp.
Elementary School: Princeton
Middle School: Princeton
High School: Princeton
NEW LISTING
Contact:
812-664-7202
812-386-6200
Buyer Broker Compensation: 3%
Offer of compensation is made only to participants of the Indiana Regional Multiple Listing Service, LLC (IRMLS).
3480 Total Finished SqFt
13 bedrooms
9 full baths
Built 1890
0.21 acres
This building has been providing housing for over 50 years. At one time building was owned and operated by Joe & Shirley Berry and served as a hair salon as Shirley's Hair Fashion and Dean's Barber Shop. In addition to Shirley's Hair Fashion Shirley and Joe provided affordable housing close to downtown shopping, restaurants, library and more. If you are an investor, then this may be for you. New owner has done many upgrades and added 3 more efficiency apartments. Efficiencies have few vacancies. This affordable housing consisting of mostly 1 or 2 bedroom apartments ranging from $300 to $650 per month all inclusive. Majority of appliances & window air units are owned by landlord and stay with purchase. Rents are mo to mo but owner does have Rental agreement in place for each tenant. Realtor has floor plan, monthly revenue with expenses. Roof is rubber and is approximately 8 to 10 yrs old. Current owner has added a coin operated laundry room for Tenants only. To view pls give a min of 48 hrs notice. Ample parking provided. Property is being sold as-is.
Additional Photos
Listing Features
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# of Units:9
# of Buildings:2
# of Stories:
# of Efficiencies:9
# of 1 Bedroom Units:8
# of 2 Bedroom Units:2
# of 3 Bedroom Units:1
# of Parking Spaces:15
# of Electric Meters:1
# of Water Meters:1
# of Gas Meters:1
Amenities:Off Street Parking
Common Ammenities:None
Basement/Foundation:Slab
Water Type:None
Water Features:None
Cooling System:Window,Multiple Cooling Units
Heating System:Forced Air,Wall Heater,Multiple Heating Systems
Exterior:Brick
Sale Includes:Building,Land,Other
Exemptions:No Exemptions
Financing:Cash,Conventional
Lease Term:Other
Owner Pays:Building Insurance,Cooling,Electric,Heating,Maintenance,Sewer,Tax,Trash Collection,Water
Tenant Pays:Cable,Other
Floors:Carpet,Vinyl
Water Utility:City
Lot Description:Corner,Level
Roof:Rubber
Sewer:City
Fence:None
Parking:Lot,Street
Style:Two Story
Location:City/Town/Suburb
Electric Company:Duke Energy Indiana
Gas Company:CenterPoint Energy
Water Company:Princeton Water Dept.
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