820 French St is amulti-family property for lease in Jeffersonville, IN.
Owner is retiring after owning this great apartment complex for many years. Here is your opportunity to add value and improve a nice property. Priced well to allow for good cash flow. Rents are on the low side with plenty of room to improve. 24 one-bedroom units with a maintenance person’s unit in the basement making a total of 25 units. There are 17 garages which are rented monthly to tenants and coin laundry brings in additional income. Some units have been updated, some windows have been replaced and there is hardwood under carpet in most units. Tenants pay their own gas and electric, but also water & sewer, a true rarity. This brick complex surrounds a courtyard, is located in a stable area of Jeffersonville, with lots of well-kept single family homes all around. Off-street parking. Showings will be of a couple vacant units, to approved buyers only and in a discrete fashion. Tenants don’t know property is for sale so please keep that in mind if you drive around it.
Please describe your commercial real estate requirements. We’ll introduce you to local properties that match your criteria.