602 SE Riverside Dr

Evansville, IN 47713

$1,800,000
Last Sold Price
49
Beds
26,463 Sq. Ft.
$68 / Sq. Ft.
26,463
Sq. Ft.
$68
per Sq. Ft.
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Sold 2/29/24
Sold 2/29/24

Description

This Stalwart of Historic Downtown on the corner of Riverside and Mulberry, one block from the Ohio River, has been beautifully and lovingly renovated from stem to stern. 2 Buildings with a total of 14 units all of which have balconies (some with river views) and front and back entrances. The buildings have security doors on all entrances with release systems in each unit entry. There are mailboxes/package delivery in the interior entryways. The updates to the building include 13 completely renovated...This Stalwart of Historic Downtown on the corner of Riverside and Mulberry, one block from the Ohio River, has been beautifully and lovingly renovated from stem to stern. 2 Buildings with a total of 14 units all of which have balconies (some with river views) and front and back entrances. The buildings have security doors on all entrances with release systems in each unit entry. There are mailboxes/package delivery in the interior entryways. The updates to the building include 13 completely renovated units with stainless appliances, granite counter tops, solid surface flooring, replacement windows throughout, new roof 2018, both buildings exterior painting 2019, and signage and landscaping 2019. Outdoor common area with gas grill, table/chairs, lighting, and bike rack. Parking onsite and on street. With its proximity to the Riverfront, Historic Downtown, Haynie’s Corner, and Main Street, it is highly sought after and has had 100% occupancy since the renovation.
  1. Listed by Stacy Stevens • Landmark Realty & Development, Inc

Property Details for 602 Southeast Riverside Drive

Style
Quad-Level
Subdivision
None
Waterfront
No
Pet Restrictions
Yes
LISTING UPDATED: 02/29/2024 11:32 PM

Property Details for 602 Southeast Riverside Drive

StatusSold
MLS #202400355
Days on Market3
Taxes$8,800 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Apartment Building
Year Built1906
CountyVanderburgh County
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Location

Listing Courtesy of Landmark Realty & Development, Inc

Sold By ERA FIRST ADVANTAGE REALTY, INC

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Building Information for 602 Southeast Riverside Drive

Building/Complex602 Se Riverside DrFloor-Stories4Residences14Pet Policy-Pet Policy Details-Year Built1906Building Size-

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$9,797 per month

30 year fixed, 6.46% Interest

Principal and Interest

$9,064

Property Taxes

$733

HOA Dues

$0

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Property Information for 602 Southeast Riverside Drive

Summary
Location and General Information
  • Area: Vanderburgh County
  • City: Evansville
  • Zip Code: 47713
  • State: IN
  • Township: Pigeon
  • Geo Latitude: 38
  • Geo Longitude: -88
  • Fips Code: 18163
  • Directions To Property: At the corner of SE Riverside Dr and Mulberry St.
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2023
  • Parcel Number Id: 82-06-30-020-076.001-029
School Information
  • School District: Evansville-Vanderburgh School Corp.
  • Elementary: Tekoppel
  • Middle School: Helfrich
  • High School: Francis Joseph Reitz
Parking
  • Number Of Parking Spaces: 14
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Apartment Building
  • Approx Lot Size Acres: 0.25
  • Lot Dimensions: 74X148
  • Lot Number: 13
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 26463.0
  • Approx Lot Size Sqft: 10952.0
  • Above Grade Finished Sqft: 26463.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 26463.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
Property and Assessments
  • New Construction: No
  • Year Built: 1906
  • Age: 118
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Balcony
  • Exterior: Brick
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Dishwashers: 14
  • Number of Disposals: 14
  • Number of Dryers: 14
  • Number of Microwaves: 14
  • Number of Ranges/Ovens: 14
  • Number of Refrigerators: 14
  • Number of W/D Hookups: 14
  • Number of Washers: 14
  • Basement: No
  • Basement/Foundation: Partial Basement, Slab
  • Cooling: Central Air
  • Flooring: Laminate
  • Heating/Fuel: Gas, Forced Air
  • Stories: 4
  • Number of Above Grade Bedrooms: 26
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 23
  • Total Number of Bedrooms: 49
  • Total Number of Full Baths: 23
  • Total Number of Half Baths: 0
  • Total Baths: 23
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 2
  • Num Of 2 Bedrooms: 12
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 14
  • Number of Buildings: 2
  • Number of Units: 14
Income & Expenses Information
  • Annual Electric Expense: $6,000.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $201,600
  • Annual Insurance Expense: $14,400
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $159,800
  • Annual Property Tax: $8,800
  • Annual Trash Expense: $5,400
  • Annual Water/Sewer Exp: $7,200
  • Gross Monthly Income: $16,800
  • Gross Monthly Rent: $16,800
Rental
Rental Information
  • Lease Term: Negotiable
  • Owner Pays: Building Insurance, Lawn Maintenance, Tax, Trash Collection, Water
  • Tenant Pays: Electric, Heating

Property History for 602 Southeast Riverside Drive

DateEvent & SourcePriceAppreciation
Feb 28, 2024

Sold

Indiana Regional MLS #202400355

$1,800,000—
Jan 5, 2024

Pending

Indiana Regional MLS #202400355

—
Jan 2, 2024

Listed (Active)

Indiana Regional MLS #202400355

$1,990,000—
DateEvent & SourcePrice
02/28/2024

Sold

Indiana Regional MLS #202400355

$1,800,000
01/05/2024

Pending

Indiana Regional MLS #202400355

—
01/02/2024

Listed (Active)

Indiana Regional MLS #202400355

$1,990,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 602 Southeast Riverside Drive

Taxable ValueLand$19,200Additions$1,370,300Total$1,389,500
Tax Record2024$24,119 ($2,010 / month)
Home Facts
Total Finished SqFt10,995 SqFtAbove Grade Finished SqFt10,995 SqFtStories5Lot Size10,952 SqFtStyleMulti-Family Res (5+ Units)Year Built1906CountyVANDERBURGHAPN82-06-30-020-076.001-029

Schools near 602 Southeast Riverside Drive

This home is within Evansville Vanderburgh Sch Corp.
Rating
School
Type
Grades
Distance
Tekoppel Elementary School
Public - K to 5
Helfrich Park Stem Academy
Public - 6 to 8
Francis Joseph Reitz High School
Public - 9 to 12
EVSC Virtual Academy
Public - K to 12
Rating
School
Distance
Tekoppel Elementary School
PublicK to 5

Helfrich Park Stem Academy
Public6 to 8

Francis Joseph Reitz High School
Public9 to 12

EVSC Virtual Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Landmark Realty & Development, Inc

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.