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1143 Covert Avenue

Evansville, IN 47714 View Map $1,399,966 Schedule a Tour
Beds63
Baths39
Sq.Ft.11,490
Year1974
1143 Covert Avenue Evansville, IN 47714 | MLS 202010876 Photo 1
1143 Covert Avenue Evansville, IN 47714 | MLS 202010876 Map
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Status: Active
Property Type:Apartment Building
MLS #:202010876
Sq. Feet:11,490
Lot Size:1.48 Acres
County:Vanderburgh
The Phoenix is a 39 unit complex consisting of three buildings with 13 units each. Located on the SW corner of Highway 41 and Covert. Each building has a new boiler. Middle building has a laundry area that produces income. Current owner has worked hard rehabbing the units as needed, while building a new tenant base that pays their own electric. Water, trash, and sewer are included. Units are smoke free and pet free. Professionally managed and vacant units rent quickly. Opportunity to increase below market rents. Seller is a licensed real estate agent.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Community Information

Address:1143 Covert Avenue Evansville, IN 47714
Township:Knight
Zip Code:47714

School Information

High School:Bosse
Middle School:Glenwood
Elementary School:Glenwood

Architecture

Bedrooms: 63
Bathrooms: 39
Year Built:1974
Stories:3
Style:Three Story
Above Grade Bedrooms: 63
Basement: Full Basement

Features / Amenities

Sale Includes: Building
Flooring: Wood
Exterior: Brick
Lease Term: 1 Year
Heating: Baseboard
Cooling: Window

Square Footage

Finished Sq. Ft.
Above Grade 11490
Below Grade 0
Total 11490

Property Features

Lot Size: 1.48 Acres
Lot Dimensions:50x75
Lot Description: Level
Water: City
Sewer: City
Directions:From US 41, west on Covert Ave.

Tax and Financial Info

Year Taxes Payable: 2019
Gross Monthly Income: 16469
Rent Income: 197628
Gross Monthly Rent: 16469
Net Income: 145645
Owner Pays: Sewer, Trash Collection, Water
Tenant Pays: Electric
Annual Water Sewer Expense: 13911
Annual Fuel Expense: 10000
Annual Electric Expense: 10000
Annual Trash Expense: 2338
Annual Maint Expense: 4500

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1143 Covert Avenue Evansville, IN 47714
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1143 Covert Avenue Evansville, IN 47714
 
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Listing Information Last Updated 4/3/2020
Listing provided courtesy of Adrienne Ruder, F.C. TUCKER EMGE REALTORS.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Emge REALTORS include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.