Old Tyme Ct, Evansville, IN 47711

The Flats at Keystone offers the opportunity to acquire a fully operational, high-performing furnished rental business in Evansville, Indiana. Purpose-built to serve the region’s corporate housing needs, this flex-term rental community combines upscale residential comfort with hotel-style convenience. The property offers two distinct floor plans: The Belvedere, a 2-bed, 2-bath unit with 1,320 sq ft, attached garage, porch and patio, and The Belfry, a 2-bed, 1-bath unit with 785 sq ft and dedicated parking. Each unit is fully furnished with stainless steel appliances, luxury bedding, in-unit laundry, and 55" Smart TVs. High-speed internet and complimentary membership to B-Fit Gym enhance the guest experience. The Flats at Keystone maintains consistently high occupancy, driven by long-standing relationships with many of Evansville’s top employers, such as Toyota Motor Manufacturing, PGP International, Babcock & Wilcox, Seal Corp, Deaconess Health, and Ascension St. Vincent. These relationships generate repeat business and stable cash flow, positioning the property as a trusted housing solution for executive teams, travel nurses, and project-based professionals. With strong brand recognition, streamlined operations, and a proven track record of performance, The Flats at Keystone is priced at a 8.1% CAP rate.