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

$1,100,000 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
0 Transit Score
74 Walk Score

Highlights

16 units featuring all 1-bedroom / 1-bath layouts
100% leased with stable in-place cash flow
In-place rents currently below market, offering immediate value-add opportunity
Upside through unit upgrades, operational improvements, and strategic rent increases
New roof and windows completed in 2022
Strong long-term fundamentals supported by consistent tenant demand and low turnover

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