230 Hoosier StNorth Vernon, IN 47265

Property Details for 230 Hoosier St

Year built

1971

Lot size

0.17 AC

Property size (Sq ft)

11,306 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 12-unit apartment building presents a compelling investment opportunity in North Vernon, Indiana. Located at 230-240 Hoosier Street, this property boasts 11,306 square feet on a 0.17-acre lot (7,405 sq ft). The two-story building, constructed in 1971 and zoned R-MF, comprises six two-bedroom, one-bathroom units and six one-bedroom, one-bathroom units. A significant advantage is the inclusion of a coin-operated laundry facility and additional commercial space with street frontage, offering potential for supplemental income streams. Recent tasteful updates to the units within the last two years enhance their appeal and marketability. The property also features a spacious parking lot accommodating tenants and potential commercial lessees. Currently, rents are below market value, suggesting a strong potential for increased profitability. The convenient downtown North Vernon location provides easy access to major cities, including Indianapolis, Louisville, and Cincinnati (approximately one hour's drive from each). The asking price is $849,900. The property's APN is 400934230047000004. This is a turnkey investment ready for immediate income generation and future appreciation.

Location Insight

City

North Vernon

County

Jennings

State

Indiana

Latitude

39.0082

Longitude

-85.6268

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