Evansville Furnished Rental Business
For Sale
Contact for pricing
Old Tyme Ct, Evansville, IN 47711
Fully operational, high-performing furnished rental business in the heart of Evansville.
Property SizeContact for details
Days on Market609
Property Features for Old Tyme Ct
General Information
Standard status
Active
Class
A
Property subtype
Business for Sale, Hospitality, Multifamily, Special Purpose
Zoning
C-2
Lease Type
Gross
Investment Type
Stabilized
Net Operating Income
$488,608
Building Details
Year Built
2023
Buildings
6
Stories
1
Units
18
Tenancy
Multi
Listing Agency:
NAI Commercial Services
Listed By:
Scott Edmond · License #IN RB15000270
Source:
Crexi
Added: Dec 10, 2024
Changed: Aug 8
Last Checked: May 13 at 8:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Commercial Services
Investment Insights
Based on property information with market context.
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.
Key Highlights
- High‑performing, fully operational furnished rental business with an 8.1% CAP rate.
- Purpose‑built for corporate housing with consistently high occupancy and strong brand recognition.
- Long‑standing relationships with top employers in Evansville, generating repeat business and stable cash flow.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Explore this area
Business Placement
Demographics for 47711, IN
31,266
Population
14,487
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
91%
High-School Grad
16.5 sq mi
ZIP Area
1,895
Density / Sq Mi
$65,398
Median Household Income
$39,114
Median Earnings
$982
Median Rent
$156,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Fully operational, high-performing furnished rental business in the heart of Evansville.
Where is this short term rental property located?
The property is located at Old Tyme Ct Evansville, IN.
What is the asking price?
The asking price for this property is $6,049,000.
What are key features of this property?
This property features: High‑performing, fully operational furnished rental business with an **8.1% CAP rate**.; Purpose‑built for corporate housing with consistently high occupancy and strong brand recognition.; Long‑standing relationships with top employers in Evansville, generating repeat business and stable cash flow.
