1320 Parrett St Evansville, IN 47713

This Evansville, Indiana multifamily property presents a compelling investment opportunity. The 35-unit apartment building, situated on a 0.6-acre lot at 1320 Parrett St, boasts 18,300 square feet and offers a strong 8.38% cap rate, generating a net operating income (NOI) of $221,622. The asking price is $2,645,000, translating to $75,571 per unit and $144.54 per square foot. Built in 1965 and fully renovated in 2021, the two-story building includes updated electrical systems and offers 18 parking spaces. The property benefits from an additional income stream generated by community washers and dryers, enhancing its profitability. Its prime location in Evansville, Vanderburgh County, IN 47713, combined with the recent renovations and modern amenities, makes this a highly attractive investment prospect with significant potential for return. The property's APN is 820632022032017029. This is a turnkey opportunity for investors seeking a well-maintained, high-performing multifamily asset in a desirable location.