516 N Fares Ave, EVANSVILLE, IN 47711
Commercial property for sale
Added: 01/06/2012
Last Update: 04/20/2012
516 N Fares Ave
EVANSVILLE, IN
47711 US
Description
Great investment opportunity !! 5 unit Office Building with all units currently leased. Each unit has own HVAC & Restroom. Great location, close to Hwy 41 & Lloyd Expressway. The owner currently pays taxes, water, sewer, insurance & dumpster fee. Cap Rate of 12.50 is figured on a $89,900.00 sales price and would increase if property purchased for less than asking price. Building price details: $89,900.
Property Details
- Type: Commercial (Other)
- Status: Available
- Year Built: 1949
- Buildings: 1
Exterior Features
- Parking: Yes
- Parking Spaces: 12
- Parking Type: Surface