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Sold over 1 year ago

$75,000

5+ bd 4+ ba 2413 sqft

1034 N 3rd Avenue, Evansville, IN 47710

Residential Quadplex Occupied Off MLS

Current Rent **

$1,950

Projected Rent **

$2,656

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $500
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 2 Details
  • Current Rent: $500
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 3 Details
  • Current Rent: $350
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 4 Details
  • Current Rent: $600
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 2413 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes

Collect $2,656 in this 4 Unit Quadplex in Evansville, IN!

Explore a great investment opportunity at 1034 N 3rd Avenue, Evansville, Indiana 47710. This quadplex, boasting four units, presents an excellent chance to add to your real estate portfolio! Three of the units offer comfortable 1-bedroom, 1-bathroom, while the fourth unit features 2 bedrooms and 1 bathroom!

With a remarkable 100% occupancy rate now and potential gross rents of $2,656 per month, this property is a cash flow machine! The owner pays utilities at approximately $800/month.

With a pro forma cap rate of 19.17%, this is a smart investment at the price of $75,000.

Don't miss out on this golden opportunity; act now to secure your financial future!

Location:

1034 N 3rd Avenue, Evansville, IN 47710

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.