514 Oregon St Evansville, IN 47710

This exceptional multifamily investment portfolio comprises 18 units across seven buildings situated on a single city block in Evansville, Indiana, within the R-2 zoning district. The portfolio offers a compelling value-add opportunity with a current occupancy rate of 100%, projected to continue until October 28, 2024. The asking price is $900,000, translating to $50,000 per unit and $60.50 per square foot, based on a total square footage of 14,877. The portfolio boasts a strong net operating income (NOI) of $72,369, yielding an attractive 8.04% cap rate. Individual building improvements include: 514 W Oregon St (8 units) features windows replaced in 2019, a roof replacement in 2016, and complete unit renovations in 2021. 921 Edgar St (2 units) has new HVAC systems installed in 2024 and recent unit renovations. 913 Edgar St (1 unit) received HVAC and roof replacements in 2021. 918 Mary St (1 unit) has an older roof and HVAC, but no reported issues. 915 Edgar St (3 units) includes two recently remodeled units and one with a long-term tenant (10 years). 905 Edgar St (2 units) also features older, but functional, roof and HVAC systems. Finally, 920 Mary St (1 unit) is a concrete block building with a new metal roof. This portfolio presents a rare chance to acquire a well-located, income-producing asset with significant upside potential. The fee simple ownership provides complete control and flexibility for future improvements and management strategies.