Retail/Multi-Family | 2009 Pollack Ave
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Retail/Multi-Family 2009 Pollack Ave
3 Unit Block of Flats £196,461 (£65,487/Unit) Evansville, IN 47714
Investment Highlights
- Commercial/retail space with garage and 3 residential units
- Commercial/retail space includes 19'x40' attached garage
- Income producing with upside potential
Executive Summary
EXCELLENT RENTAL INCOME PROPERTY – Three (3) residential units and one (1) commercial/retail space. Great opportunity to break into the rental market with built-in residential/commercial diversification.
-Good location on Pollack Avenue with convenient access from Weinbach Avenue, Lloyd Expressway and Highway 41
-Income producing property with upside potential
-Commercial/Retail building includes 19’ x 40’ attached garage with overhead door
-Property to be sold as a whole – Owner will not sell individual parcels or buildings
-Area retailers include: Dollar General, Oak Street Health Clinic, Rent-A-Center, Citi Trends, Dollar Tree, Domino’s Pizza, Mr. Liquor, Happy Garden and JJ’s Food Mart
Three (3) parcels with four (4) buildings on .48 AC:
PARCEL 1 – 2009 Pollack Avenue
-Parcel #: 82-09-03-012-019.018-027
-Three (3) buildings on .24 AC:
-Building 1: 2,000 SF Commercial/Retail building offered at $700/mo. lease rate. Includes: One (1)restroom, central HVAC, and 19’ x 40’ garage space
-Building 2: (attached to Building 1) 882 SF (2 bed, 1 bath) with 882 SF basement with washer & dryer. Currently leased for $650/mo.
-Building 3: 1,240 SF apartment, currently leased for $650/mo.
PARCEL 2 – 2013 Pollack Avenue
-Parcel #: 82-09-03-012-019.003-027
-Raw land, .08 AC
-Partially paved and used for parking
PARCEL 3 – 2017 Pollack Avenue
-Parcel #: 82-09-03-012-019.004-027
-One (1) building on .16 AC
-Building 4: 975 SF finished first floor (3 bed, 1 bath) with 875 SF basement with washer & dryer and 20’ x 20’ detached garage. Currently leased for $750/mo.
-Good location on Pollack Avenue with convenient access from Weinbach Avenue, Lloyd Expressway and Highway 41
-Income producing property with upside potential
-Commercial/Retail building includes 19’ x 40’ attached garage with overhead door
-Property to be sold as a whole – Owner will not sell individual parcels or buildings
-Area retailers include: Dollar General, Oak Street Health Clinic, Rent-A-Center, Citi Trends, Dollar Tree, Domino’s Pizza, Mr. Liquor, Happy Garden and JJ’s Food Mart
Three (3) parcels with four (4) buildings on .48 AC:
PARCEL 1 – 2009 Pollack Avenue
-Parcel #: 82-09-03-012-019.018-027
-Three (3) buildings on .24 AC:
-Building 1: 2,000 SF Commercial/Retail building offered at $700/mo. lease rate. Includes: One (1)restroom, central HVAC, and 19’ x 40’ garage space
-Building 2: (attached to Building 1) 882 SF (2 bed, 1 bath) with 882 SF basement with washer & dryer. Currently leased for $650/mo.
-Building 3: 1,240 SF apartment, currently leased for $650/mo.
PARCEL 2 – 2013 Pollack Avenue
-Parcel #: 82-09-03-012-019.003-027
-Raw land, .08 AC
-Partially paved and used for parking
PARCEL 3 – 2017 Pollack Avenue
-Parcel #: 82-09-03-012-019.004-027
-One (1) building on .16 AC
-Building 4: 975 SF finished first floor (3 bed, 1 bath) with 875 SF basement with washer & dryer and 20’ x 20’ detached garage. Currently leased for $750/mo.
Property Facts
| Price | £196,461 | Apartment Style | Single Family Home |
| Price Per Unit | £65,487 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.48 AC |
| No. Units | 3 | Building Size | 5,097 SF |
| Property Type | Residential | Number of Floors | 1 |
| Property Subtype | Apartment | Year Built | 1960 |
| Price | £196,461 |
| Price Per Unit | £65,487 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 5,097 SF |
| Number of Floors | 1 |
| Year Built | 1960 |
Unit Amenities
- Yard
- Basement
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 2 | £512.85 | - |
| 3+1 | 1 | £591.75 | - |
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PROPERTY TAXES
| Parcel Number | 82-09-03-012-019.003-027 | Improvements Assessment | £868 |
| Land Assessment | £5,444 | Total Assessment | £6,312 |
PROPERTY TAXES
Parcel Number
82-09-03-012-019.003-027
Land Assessment
£5,444
Improvements Assessment
£868
Total Assessment
£6,312
zoning
| Zoning Code | C-1 |
| C-1 |
-
Richard Clements -
Summit Real Estate Services
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Retail/Multi-Family | 2009 Pollack Ave
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