4808 Old Tyme Court - Apartments FOR SALE


Evansville, IN 47711
$6,500,000 USD
812-453-3102
4808 Old Tyme Court, Evansville, IN for Sale
$6,500,000 USD
Apartments - FOR SALE
1/44
null | 6.97% Cap Rate

4808 Old Tyme Court
Evansville, IN 47711


HIGHLIGHTS

  • New construction with brick exterior and high-end finishes
  • High-end clientele with established corporate relationships
  • Close to shopping and dining options
  • Easy access to I-69 and major roadways
  • Close to airport
  • Multiple revenue streams - Airbnb, corporate rental, and services

OVERVIEW

The Flats at Keystone offers a premier short-term condominium rental experience in Evansville, designed for professionals seeking both short-term and extended stay options in the Evansville Metro area. Each unit is fully furnished, merging the convenience of a luxury hotel with the comfort and privacy of a home. The interiors feature upscale decor, including gourmet kitchens, luxury bedding, and elegantly appointed master bathrooms. Guests also enjoy complimentary access to Evansville's leading fitness and wellness facility, enhancing their stay with high-quality amenities and lifestyle services. The Flats at Keystone are located in a residential area on the north side of Evansville close to the commercial district, with numerous shopping and dining options. Constructed in 2024, the property consists of 18 condominium units with 2 floorplans - The Belfry, with 2 bedrooms and 1 bath, and The Belvedere with 2 beds, 2 baths and an attached 1 car garage. Management is in place and agreeable to working with a new owner. Seller offers 90 days of transition assistance.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$650 USD /SF

# OF UNITS

18

PRICE/UNIT

$361,111

CAP RATE

6.97%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.63 AC

LAND SF

70,916 SF

ZONING

C-2

APN/PARCEL ID

82-06-02-002-151.031-019

ASK ABOUT THIS PROPERTY

Scott EdmondNAI Prime CommercialMore Info
812-453-3102

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Scott EdmondNAI Prime CommercialMore Info
812-453-3102

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.