4808 Old Tyme Court - Apartments FOR SALE


Evansville, IN 47711- Greater Oakhill
$6,049,000 USD
812-453-3102
4808 Old Tyme Court, Evansville, IN for Sale
$6,049,000 USD
Apartments - FOR SALE
1/17
null | 7.6% Cap Rate

4808 Old Tyme Court
Evansville, IN 47711
Greater Oakhill


OVERVIEW

The Flats at Keystone presents a rare opportunity to acquire a fully operational, high-performing furnished rental business in the heart of Evansville, Indiana. Purpose-built to serve the region’s corporate housing needs, this flex-term rental community combines upscale residential comfort with hotel-style convenience—making it the preferred choice for professionals, relocation consultants, and extended-stay guests. The property offers two distinct floor plans: • The Belvedere – 2 bed / 2 bath, 1,320 sq ft, attached garage, porch and patio • The Belfry – 2 bed / 1 bath, 785 sq ft, dedicated parking Each unit is fully furnished with stainless steel appliances, luxury bedding, in-unit laundry, and 55" Smart TVs. High-speed internet and complimentary membership to B-Fit Gym further enhance the guest experience. The Flats at Keystone maintains consistently high occupancy, driven by long-standing relationships with many of Evansville’s top employers. The Flats at Keystone has served the corporate housing needs of companies such as Toyota Motor Manufacturing, PGP International, Babcock & Wilcox, Seal Corp, Deaconess Health, Ascension St. Vincent, among others. These relationships generate repeat business and stable cash flow, positioning the property as a trusted housing solution for executive teams, travel nurses, and project-based professionals. With strong brand recognition, streamlined operations, and a proven track record of performance, The Flats at Keystone is priced at a 7.6% CAP rate—offering investors an attractive blend of income stability and long-term growth potential in a thriving regional market.

FOR SALE DETAILS

PRICE

$6,049,000 USD

PRICE/SF

$349 USD /SF

# OF UNITS

18

PRICE/UNIT

$336,056

CAP RATE

7.6%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Flats at Keystone

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.63 AC

LAND SF

71,003 SF

ZONING

C-2

APN/PARCEL ID

82-06-02-002-151.031-019

ASK ABOUT THIS PROPERTY

Scott EdmondNAI Prime CommercialMore Info
812-453-3102

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Scott EdmondNAI Prime CommercialMore Info
812-453-3102

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