Take a look at thisΒ three unitΒ property in Evansville!
The property consistsΒ ofΒ two 1 bedroom/1 bath unitsΒ andΒ one 1 bedroom efficiency unit.Β ItΒ isΒ currently 67% vacant. Renovation on the efficiency unitΒ isΒ about 70% complete. The vacant 1 bedroom unit needs renovating.
Owner pays for water/sewer/trash removal. The electricityΒ isΒ separatelyΒ metered for each unit with a 4th meter for electricityΒ to the common areas.Β
Excellent opportunityΒ for an investor to purchase this mismanagedΒ property. Bring in professional management, finish the reno, raise rents, fill vacancies, increase NOI.
