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1870 Hart Street

Vincennes, IN, 47591

  • Price $475,000
  • Sq. Ft.7864
  • MLS #202502642
Located in the high traffic area of Hart St. is this eight-unit property with 4 commercial units on the main level and 4 residential units on the upper level. The 4 commercial units are currently rented at 50% capacity. The 2 units rented have long-term tenants with an income of $450. a month for the small unit and $850.00 a month for one of the larger units. The two end units on the main level are ready to be leased. The 4-2-bedroom rentals on the upper-level overlook Mirror Lake and each unit has laundry hook-up. 2 units rent for $650.00, one for $600.00 and one vacant unit. The property offers a large parking lot in the front and parking in the back as well. Tenants pay for electric, water & internet/cable. Landlord pays for trash removal, shared area electric, lawn maintenance, building maintenance and building insurance.
County
Knox County
Lot Size
0.4900
Year Built
1975
Sq, ft. finished
7,864sq. ft (approx.)
Subdivision
Other
Annual Taxes
7935.74
IDX information provided by the Indiana Regional MLS
Listing provided courtesy of Heath Klein of KLEIN RLTY&AUCTION, INC., 812-291-2202.

    Heath Klein

    Realtor/Broker
    Cell: (812) 291-2202

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Testimonial

Selling our home was arduous as the buyer had a complicated situation. Klein Real Estate worked for four months to bring the transaction to a successful and mutually beneficial close. We are delighted that a new family will enjoy the home and the wonderful neighborhood! And are appreciative of the professional commitment of Heath and his staff.
Lynne Rump

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Frequently asked questions

Why does the mortgagee sometimes require a Survey of the property?
Most mortgage lenders require a current and valid Real Property Report (survey) and proof of zoning by-law compliance from the local municipality, i.e. city, town, Municipal district, etc. The mortgagee (lender) does this to insure initially that the buildings are entirely within the property boundaries and there is no risk that the security for the mortgage will be damaged by the forced removal of the improvements. Most Lenders will now accept a Real Property Report and evidence of municipal compliance or a policy of Title Insurance.

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Disclaimer

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS

Listing Data updated: February 22, 2025, 12:00 pm
IDX information provided by the Indiana Regional MLS