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Listed price in listed location currency (USD).
$125,000

005

MLS® 202622466

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes $1,260
Days Active 1
Lot Size 
Approx. Age 2009
MLS® Number 202622466

Property Address: 1114 N Fox Ridge Links Dr, Vincennes, IN, 47591-6895

Average square foot calculated using Size range provided by listing agent.

Description

This well-maintained five-unit storage building offers a solid income-producing opportunity within the established Fox Ridge community. Each unit contains approximately 312 square feet, providing versatile storage solutions for tenants or personal use. The property currently demonstrates strong occupancy, with four of the five units in use. Two units are secured under one-year leases paid in advance, while one unit is leased on a month-to-month basis, offering both stability and flexibility in rental income. One unit is presently vacant, allowing opportunity for immediate additional revenue or owner use. The building generates consistent rental income, with units renting for $170 per month, equating to $2, 040 annually per leased unit. Operating expenses are predictable and manageable. Association dues are $900 annually, billed quarterly. Additional costs include building shell insurance and utilities, with property taxes paid current. The storage building is governed by the Fox Ridge Condominium Association declarations and by-laws, ensuring uniform standards for maintenance and operation. Notably, the property operates independently without affiliation to Lakeview One, LLC and is not subject to LVO dues or assessments. This property presents a low-maintenance investment with reliable cash flow potential, ideal for investors seeking stable income or an owner-user needing secure storage space with supplemental rental income.
MLS® Number202622466
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2009
BasementSlab
DrivewayNone
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 10, 2026List Date
$125,000List Price
  • Commute

Commute

Starting Address
Destination Address
1114 N Fox Ridge Links Dr, Vincennes, IN

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