Turnkey Single-Family Rental Portfolio | Evansville, Indiana
Turnkey Single-Family Rental Portfolio | Evansville, Indiana
Marketing description
This is a turnkey portfolio of four fully renovated single-family homes in Evansville, Indiana. Delivered vacant at closing, the portfolio offers investors the opportunity to establish a new rent roll and implement their own leasing strategy from day one.
The portfolio consists of 7,591 square feet across 16 bedrooms and 4 bathrooms and has undergone comprehensive renovations, including updated kitchens and bathrooms, luxury vinyl plank flooring, stainless steel appliances, modern finishes, and numerous capital improvements. Based on current market comparables, the portfolio is conservatively underwritten at $5,735 in projected monthly rent ($68,820 annually), providing an attractive opportunity for immediate lease-up and long-term cash flow.
Investment highlights
Investment Highlights
- Four fully renovated single-family homes
- Delivered vacant for immediate lease-up
- 7,591 SF | 16 Bedrooms | 4 Bathrooms
- Modern kitchens, bathrooms, flooring, and stainless appliance packages
- Conservatively underwritten projected rents supported by market comparables
- Attractive acquisition basis of approximately $126,250 per home
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