EVANSVILLE, IN 47714

Location: Evansville, IN (East Side)

After Repair Value (ARV): $115,000

PROPERTY DETAILS

- Bedrooms: 2

- Bathrooms: 1

- Square Footage: 616 SqFt

- Lot Size: 7,187 SqFt

- Year Built: 1944

- Units: 1

INVESTOR HIGHLIGHTS

- Tenant-occupied single-family rental, 100% occupied with income in place from day one

- Current rent: $675/month vs. $1,027/month projected market rent ($352/month upside)

- Current gross rent: $8,100/year vs. $12,324/year pro forma ($4,224/year potential increase)

- Pro forma: $12,324 annual gross income, $7,964 NOI, 10.00% cap rate at $79,600

- Third-party property management already in place for a hands-off hold

- Tenant pays water, sewer, trash, electric, and gas

- East Side location near Ascension St. Vincent and the Green River Road retail corridor

CONDITION

- Tenant-occupied operating rental

- Wood-frame construction with vinyl siding and pitched asphalt-shingle roof

COMPS

1. 3413 Pollack Ave, Evansville, IN 47714 | $120,987 | 2 Bed / 1 Bath | 0.22 mi

2. 2039 Hicks Dr, Evansville, IN 47714 | $120,142 | 2 Bed / 1 Bath | 0.45 mi

3. 2229 Margybeth Ave, Evansville, IN 47714 | $129,283 | 2 Bed / 1 Bath | 0.87 mi

TERMS

- CASH BUYERS ONLY: Quick, reliable funding required

- SOLD AS-IS: No repairs will be made by the seller

- ACT FAST: Cash-flowing rentals at a 10% cap don't last long

Contact Jack Keith for more details and the exact location:

Call/Text: (463) 240-1822

Email: Todd@FSVProperties.com