3901 Bellemeade Ave - Apartments FOR SALE


Evansville, IN 47714- East Evansville
$1,690,000 USD
270-991-9093
3901 Bellemeade Ave, Evansville, IN for Sale
$1,690,000 USD
Apartments - FOR SALE
1/10
null | 7% Cap Rate

3901 Bellemeade Ave
Evansville, IN 47714
East Evansville


OVERVIEW

3901 Bellemeade Avenue, Evansville, IN presents an exceptional investment opportunity in one of the city’s most sought-after locations, directly across from Ascension St. Vincent Midtown Hospital. This multifamily property is priced well below replacement value and operates with below market rents, offering immediate value-add potential. Located in a high-demand medical corridor with strong tenant demand from healthcare professionals and long-term residents, the property boasts high walkability to hospitals, retail centers, and restaurants. With stable occupancy and consistent income generation, this asset is ideal for investors seeking strong cash flow and long-term appreciation.

FOR SALE DETAILS

PRICE

$1,690,000 USD

PRICE/SF

$154 USD /SF

# OF UNITS

20

PRICE/UNIT

$84,500

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bellemeade Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

Commecial

APN/PARCEL ID

82-06-24-017-159.021-027

ASK ABOUT THIS PROPERTY

Gerri BowersStar Property ManagementMore Info
270-991-9093

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Gerri BowersStar Property ManagementMore Info
270-991-9093

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.