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1320 Parrett St

35 Unit Apartment Building $2,645,000 ($75,571/Unit) 6.12% Cap Rate Evansville, IN 47713

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Executive Summary

Discover a compelling investment opportunity at 1322 Parrett Street in Evansville, Indiana! This property, featuring 35 units, stands as a testament to modernized living with updated electric. Immerse yourself in the success of a full rehab completed in 2021, ensuring top-notch amenities and contemporary aesthetics.
Investors, seize the advantage of an additional income stream through community washers and dryers, strategically installed for maximum profitability. The property's prime location and recent renovations position it as a promising venture for substantial returns.
Elevate your investment portfolio with 1322 Parrett Street – where modern comfort meets financial opportunity.
All offers will be due by February 29th at 2pm (CST).

Financial Summary (Actual - 2023) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Price	$2,645,000	Building Class	C
Price Per Unit	$75,571	Lot Size	0.50 AC
Sale Type	Investment	Building Size	18,300 SF
Cap Rate	6.12%	No. Stories	3
No. Units	35	Year Built/Renovated	1965/2021
Property Type	Multifamily	Parking Ratio	0.87/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	$2,645,000
Price Per Unit	$75,571
Sale Type	Investment
Cap Rate	6.12%
No. Units	35
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.50 AC
Building Size	18,300 SF
No. Stories	3
Year Built/Renovated	1965/2021
Parking Ratio	0.87/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.