613 N Fulton Ave - Apartments FOR SALE


Evansville, IN 47710- Jacobsville
$525,000 USD
812-550-0415
613 N Fulton Ave, Evansville, IN for Sale
$525,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

613 N Fulton Ave
Evansville, IN 47710
Jacobsville


OVERVIEW

Turn-key investment opportunity! This well-maintained two-story 10-plex features ten 1 bed / 1 bath units, with 9 of the 10 units already updated—offering immediate cash flow from day one. The property has seen major recent improvements, including a brand-new roof installed within the past 2 months. Each unit is separately metered for electric, with tenants responsible for their own usage, helping keep operating costs low. Most tenants have been switched over to RUBS for water and sewer, providing additional income upside. The property also offers some off-street and on-street parking, a valuable amenity for tenants. With strong in-place rents, minimal deferred maintenance, and additional value-add potential through RUBS, this is an ideal addition to any investor’s portfolio.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$56 USD /SF

# OF UNITS

10

PRICE/UNIT

$52,500

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1919

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,329 SF

ZONING

C-2

APN/PARCEL ID

82-06-19-029-093.007-029

ASK ABOUT THIS PROPERTY

Jeremy OutlawCatanese Real EstateMore Info
812-550-0415

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Jeremy OutlawCatanese Real EstateMore Info
812-550-0415

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