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4 Plex 621 N Fulton Ave 4 Unit Apartment Building $273,370 CAD ($68,343 CAD/Unit) 10.82% Cap Rate Evansville, IN 47710
Executive Summary
4-Plex. Tenants on RUBS for water/sewer. New roof and 2 new HVAC units. Remodeled and fully occupied.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$47,212
|
$4.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$47,212
|
$4.08
|
| Taxes |
$3,904
|
$0.34
|
| Operating Expenses |
$13,728
|
$1.19
|
| Total Expenses |
$17,632
|
$1.52
|
| Net Operating Income |
$29,580
|
$2.55
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $47,212 |
| Annual Per SF | $4.08 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $47,212 |
| Annual Per SF | $4.08 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,904 |
| Annual Per SF | $0.34 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $13,728 |
| Annual Per SF | $1.19 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $17,632 |
| Annual Per SF | $1.52 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $29,580 |
| Annual Per SF | $2.55 |
Property Facts Under Contract
| Price | $273,370 CAD | Building Class | C |
| Price Per Unit | $68,343 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 11,578 SF |
| Cap Rate | 10.82% | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1901/2005 |
| Property Type | Multifamily | Parking Ratio | 2/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | C-4 | ||
| Price | $273,370 CAD |
| Price Per Unit | $68,343 CAD |
| Sale Type | Investment |
| Cap Rate | 10.82% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 11,578 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1901/2005 |
| Parking Ratio | 2/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C-4 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Large Bedrooms
Site Amenities
- 24 Hour Access
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 82-06-19-029-093.008-029 | Total Assessment | $134,018 CAD (2025) |
| Land Assessment | $10,803 CAD (2025) | Annual Taxes | $3,904 CAD ($0.34 CAD/SF) |
| Improvements Assessment | $123,214 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
82-06-19-029-093.008-029
Land Assessment
$10,803 CAD (2025)
Improvements Assessment
$123,214 CAD (2025)
Total Assessment
$134,018 CAD (2025)
Annual Taxes
$3,904 CAD ($0.34 CAD/SF)
Tax Year
2024
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4 Plex | 621 N Fulton Ave
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