1321 N 3rd Street, Vincennes, IN 47591

George Commons is a 32-unit multi-family apartment complex located directly across N 3rd Street from Vincennes University in Vincennes, Indiana. Built in 1973, the property consists of 2 buildings on 0.68 acres in a University District location. The property features 32 one-bedroom, one-bathroom units (approximately 468 SF each) with on-site parking in a newly sealed and striped asphalt lot. Water, sewer, and trash are paid by the owner while tenants pay electric. Zoned R-2 Mixed Residence District.

The property is undergoing an active renovation program with rents rising from legacy $400/month to $630/month for unrenovated units and $795-$920/month for renovated units. Completed improvements include full interior rehab with quartz counters, LVP floors, and stainless appliances in 10+ units, new concrete walks, newly sealed and striped parking lot, Duraframe fiberglass entry doors with coded locks on all units, new balcony rails and pillars, full exterior repaint, and an 8-year-old roof. Occupancy is growing daily as the owner actively leases both renovated and unrenovated units.