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1004 Seminary Street

Vincennes, IN, 47591

  • Price $700,000
  • Beds24
  • Baths12
  • Sq. Ft.10366
  • MLS #202441091
Investment opportunity awaits new owners for this 2 story, fully rented 12 unit apartment complex. Each unit has 2 bedrooms, eat-in kitchen & living room. Tenant pays internet/cable and electric. Landlord pays trash removal, water/sewer bill, common area electric, lawn maintenance, building maintenance & building insurance. Property has off street and street parking and located on a corner lot. Unit 7 *rent would be $800. mo. dept. of $0. rental is month to month. Unit 8 rent is $650. mo. dept. of $500. rental is month to month. Unit 9 rent is $800. mo. dept. of $800. year lease till October 1, 2025. Unit 10 rent is $800. mo. dept. of $800. year lease till February 19, 2025. Unit 11 rent is $850. mo. dept. of $800. rental is month to month. Unit 12 rent is $700. mo. dept. of $0. Rental is month to month.
Bedrooms
24
Style
Two Story
Bathrooms
12
County
Knox County
Lot Size
0.3000
Year Built
1977
Sq, ft. finished
10,366sq. ft (approx.)
Sq, ft. total
10366sq. ft (approx)
Subdivision
Old Town
Insurance
3600.00
Annual Taxes
$4,204
Association Dues
0.00
District
Vincennes Community School Corp.
Elementary
Riley
Middle School
Clark
High School
Lincoln
IDX information provided by the Indiana Regional MLS
Listing provided courtesy of Heath Klein of KLEIN RLTY&AUCTION, INC., 812-291-2202.

    Connor Klein

    Realtor
    Cell: (812) 881-7461

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Testimonial

We have used Klein several times in the past 6 years. We have bought three homes and Klein agents have helped us sell four different units including a single family residence, 2 duplexes and a triplex. In each case the experience was indeed outstanding. For the Knox County/Southern IN/IL area I will only recommend Klein Real Estate.
Pat Fessel

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Frequently asked questions

Why does the mortgagee sometimes require a Survey of the property?
Most mortgage lenders require a current and valid Real Property Report (survey) and proof of zoning by-law compliance from the local municipality, i.e. city, town, Municipal district, etc. The mortgagee (lender) does this to insure initially that the buildings are entirely within the property boundaries and there is no risk that the security for the mortgage will be damaged by the forced removal of the improvements. Most Lenders will now accept a Real Property Report and evidence of municipal compliance or a policy of Title Insurance.

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Disclaimer

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS

Listing Data updated: December 22, 2024, 5:30 pm
IDX information provided by the Indiana Regional MLS