Take a look at this three unit property in Evansville!
The property consists of two 1 bedroom/1 bath units and one 1 bedroom efficiency unit. It is currently 67% vacant. Renovation on the efficiency unit is about 70% complete. The vacant 1 bedroom unit needs renovating.
Owner pays for water/sewer/trash removal. The electricity is separately metered for each unit with a 4th meter for electricity to the common areas.
Excellent opportunity for an investor to purchase this mismanaged property. Bring in professional management, finish the reno, raise rents, fill vacancies, increase NOI.
