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500-516 Richardt Ave
Evansville, IN 47711 Diamond-Stringtown

$995,000 USD

Apartments For Sale  •  9,760 SF

Property Details

  • Property Type Apartments
  • Total Building Size 9,760 SF
  • Lot Size 0.35 AC
  • Building Class C
  • Year Built 1979
  • Zoning C-2
50 Walk Score

Highlights

16-unit multifamily property - all 1BR / 1BA layouts
Offered at $995,000 (~$62K per unit)
Current NOI: $84,208 (8.5% entry cap)
100% occupied with stable in-place income
Strong Evansville rental demand
Recent capex: new roof and windows (2022)

Amenities

  • Air Conditioning
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Private Bathroom
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Evansville Regional 9 min - 4.2 mi
Gerri Bowers 270-991-9093 Star Property Management
Gerri Bowers 270-991-9093 Star Property Management