804 Fairlawn Ct Evansville, IN 47711

This exceptional investment opportunity presents three all-brick duplexes (six units total), situated on the same block in Evansville, Indiana. Boasting 100% occupancy and a stable rental history, this property offers a compelling return. The buildings, constructed in 1966, encompass a total of 4,933 square feet on a 0.45-acre lot. Each unit benefits from tenants paying all utilities, minimizing operational expenses. The property's strong financial performance is reflected in its 7.76% cap rate and a substantial net operating income (NOI) of $36,879. The asking price is $475,000, translating to a price per square foot of $96.29. The property's address comprises three separate addresses: 804-806 N. Fairlawn Court, 808-810 N. Fairlawn Court, and 905-907 N. Fairlawn Circle E, all within Vanderburgh County, zip code 47711. This is a turnkey investment ideal for a seasoned investor seeking a stable, high-performing multifamily asset in a desirable location. The property features one-story buildings and is identified by APN 82-06-22-015-089.012-027.