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621 N Fulton Ave 10 Unit Apartment Building $199,000 ($19,900/Unit) 10.06% Cap Rate Evansville, IN 47710



EXECUTIVE SUMMARY
4-Plex. New roof and 2 new HVAC units. Remodeled and fully occupied. Adjacent Listing 613 615 N Fulton Ave 10 unit is available.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$34,200
|
$2.95
|
| Other Income |
$1,225
|
$0.11
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$35,425
|
$3.06
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$15,409
|
$1.33
|
| Net Operating Income |
$20,016
|
$1.73
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $34,200 |
| Annual Per SF | $2.95 |
| Other Income | |
|---|---|
| Annual | $1,225 |
| Annual Per SF | $0.11 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $35,425 |
| Annual Per SF | $3.06 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $15,409 |
| Annual Per SF | $1.33 |
| Net Operating Income | |
|---|---|
| Annual | $20,016 |
| Annual Per SF | $1.73 |
PROPERTY FACTS
| Price | $199,000 | Building Class | C |
| Price Per Unit | $19,900 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 11,578 SF |
| Cap Rate | 10.06% | No. Stories | 2 |
| No. Units | 10 | 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 | $19,900 |
| Sale Type | Investment |
| Cap Rate | 10.06% |
| No. Units | 10 |
| 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
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 82-06-19-029-093.008-029 | Improvements Assessment | $92,800 |
| Land Assessment | $12,600 | Total Assessment | $105,400 |
PROPERTY TAXES
Parcel Number
82-06-19-029-093.008-029
Land Assessment
$12,600
Improvements Assessment
$92,800
Total Assessment
$105,400
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621 N Fulton Ave
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