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34287556
34287553

538 West Washington Avenue, Chandler, IN 47610

JB
IN RB14032449
Baker Auction & Realty
Listed by Baker Auction & Realty
$415,000
5 days on market
Updated 5 days ago

8 Unit Apartment Building - Chandler, IN

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,288
Units 8
Occupancy 25%
Tenancy Multi
Class C
Year Built 1972
Year Renovated 2026
Buildings 1
Acreage 0.190
Investment Type Value Add

8 Unit Apartment Building

Marketing description

Excellent investment opportunity with this 8-unit apartment building offering strong income potential and room for additional upside. Each unit is separately metered for utilities, with the owner responsible only for trash service. Two units are currently occupied by long-term tenants, providing immediate rental income, while the remaining units have been intentionally left vacant, giving the new owner the flexibility to screen and place their own tenants at current market rental rates. Vacant units have been recently updated and are rent-ready. Additional improvements include newer furnaces and central A/C units. Whether you're expanding your portfolio or looking for a value-add multifamily investment, this property offers an excellent opportunity to maximize returns.

Investment highlights

Excellent investment opportunity with this 8-unit apartment building offering strong income potential and room for additional upside. Whether you're expanding your portfolio or looking for a value-add multifamily investment, this property offers an excellent opportunity to maximize returns.

Listing Contacts

JB
IN RB14032449
Baker Auction & Realty
Listed by Baker Auction & Realty

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Additional Information

Name
Jonathan R Baker
License
RB14032449
Brokerage
Baker Auction & Realty
Brokerage Phone
8124916247
Title
Broker of Record
Brokerage Address
501 N. Weinbach Ave, Evansville, IN 47711
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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