Description

24 unit apartment complex with potential for greater profit as the units continue to be renovated. Four units have already been completely renovated and several others have had partial renovations. Monthly rents listed are for the completely renovated units. All units have been upgraded to high efficiency mini-split heat pump units, allowing the owner to offer electric as well as water to be included with the rent, which has been very appealing to tenants. Roofs are only a few years old and windows in 4 units have been replaced. Very minimal vacancy.

Address

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Address: 70 Fairview Drive
State/county: IN
Zip/Postal Code: 47512

Details

Updated on March 25, 2025 at 1:17 am

Property ID 21986940
Price $2,100,000
Property Size 20756 Sqft
Land Area 1.59 Acres
Garage Size x x
Year Built 1977
Property Type Multi-Family 5+, Commercial Sale
Property Status Closed

Additional details

Roof Asphalt,Shingle
Utilities Cable Available,Electricity Connected,Sewer Connected,Water Connected
Cooling Ductless,Heat Pump,High Efficiency (SEER 16 +),Other
Heating Heat Pump,High Efficiency (90%+ AFUE ),Simple Vent No Duct Work,Other
County Knox
Property Type Commercial Sale
Parking Common
Elementary School North Knox Primary School
High School North Knox Jr-Sr High School
Architectural Style Cape Cod

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Contact Information

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Preeti Chaggar
+15109262125WhatsApp

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