Listed by EXP Realty, LLC
$269,000
Riverside Drive Renovated 4 Unit
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,063
Net Rentable (SqFt) 2,063
Cap Rate 13.38%
NOI $36,000
Occupancy 50%
Price per SqFt $130
Class C
Year Built 1919
Year Renovated 2024
Buildings 1
Investment Type Value Add
Occupancy Date 11/20/2025
Multifamily 4 unit Riverside Drive
Marketing description
Excellent opportunity to purchase a renovated 4 unit apartment building in the heart of Downtown Evansville on Riverside Drive. This building has updated mechanicals, central heat and air for all units, separate electric and gas meters to go with the 4 studio units. Tall ceilings, lots of natural light and new paint and flooring will make these units easy to rent. Currently, the building has two vacancies allowing you to pick the tenants you want.
Investment highlights
4 Units Downtown
Renovated in 2024
Great location
Newer mechanicals
Off street parking
Separate utilities
Listing Contacts
Listed by EXP Realty, LLC
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$36,000.00
$3,000.00/mo
Valuation Metrics
0
DSCR
13.38%
Cap Rate
13.38%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
