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4 Plex 621 N Fulton Ave 4 Unit Apartment Building $199,000 ($49,750/Unit) 10.82% Cap Rate Evansville, IN 47710
Executive Summary
4-Plex. Tenants on RUBS for water/sewer. New roof and 2 new HVAC units. Remodeled and fully occupied.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$34,368
|
$2.97
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$34,368
|
$2.97
|
| Taxes |
$2,842
|
$0.25
|
| Operating Expenses |
$9,993
|
$0.86
|
| Total Expenses |
$12,835
|
$1.11
|
| Net Operating Income |
$21,533
|
$1.86
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $34,368 |
| Annual Per SF | $2.97 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $34,368 |
| Annual Per SF | $2.97 |
| Taxes | |
|---|---|
| Annual | $2,842 |
| Annual Per SF | $0.25 |
| Operating Expenses | |
|---|---|
| Annual | $9,993 |
| Annual Per SF | $0.86 |
| Total Expenses | |
|---|---|
| Annual | $12,835 |
| Annual Per SF | $1.11 |
| Net Operating Income | |
|---|---|
| Annual | $21,533 |
| Annual Per SF | $1.86 |
Property Facts Under Contract
| Price | $199,000 | Building Class | C |
| Price Per Unit | $49,750 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 11,578 SF |
| Cap Rate | 10.82% | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1901/2005 |
| Property Type | Multifamily | Parking Ratio | 2/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | C-4 | ||
| Price | $199,000 |
| Price Per Unit | $49,750 |
| Sale Type | Investment |
| Cap Rate | 10.82% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 11,578 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1901/2005 |
| Parking Ratio | 2/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C-4 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Large Bedrooms
Site Amenities
- 24 Hour Access
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 82-06-19-029-093.008-029 | Total Assessment | $98,000 (2025) |
| Land Assessment | $7,900 (2025) | Annual Taxes | $2,842 ($0.25/SF) |
| Improvements Assessment | $90,100 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
82-06-19-029-093.008-029
Land Assessment
$7,900 (2025)
Improvements Assessment
$90,100 (2025)
Total Assessment
$98,000 (2025)
Annual Taxes
$2,842 ($0.25/SF)
Tax Year
2024
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4 Plex | 621 N Fulton Ave
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