1151 S Bedford Ave, Evansville, IN 47713

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Building Details:

1151 S Bedford Ave is amulti-family property located in Evansville, IN. The property currently has 1 multi-family space for lease and is marketed by .

SVN | The Martin Group is proud to present this portfolio of 18 scattered site single family rental homes in Evansville, IN. Owned by Echo Housing Corporation, a 501(c)3 non-profit organization, these properties were redevelopment projects funded with grants and/or tax credits. The associated tenant income restricted compliance period has passed and the properties are available to any tenant at market rate and terms. The portfolio carries a cost basis well in excess of the asking price, and as a package is nearly 10% under the sum of their BPO individual values. The owner is offering for sale to free up capital to fund future redevelopment projects.

All properties are well maintained, with some built as recently as 1990. The package includes a mix of 2, 3 and 4 bedroom houses. All are zoned R-2.

September rent roll shows 16/18 units occupied on 1 year lease terms, with 2 of the current tenants receiving Section 8 assistance. Potential rental income of $10,074 per month. Properties are exempt from property taxes under current ownership.

Financials results for 2016:
Rents - $106,796.15
Taxes - $0
Insurance - $16,283.00
R&M - $9,738.57

• Available Spaces

Suite	Space Type	Pricing	Size
---	Multi-Family Space	For sale: Contact for Pricing
View Details Pricing: Contact for Pricing Availability: Now Listing ID: 1013028 Save to list