Donaldson Arms Apartments 1407 Howard St Immeuble residentiel 60 lots 4 432 627 € (73 877 €/Lot) Taux de capitalisation 7,40 % Evansville, IN 47713

Discover a stabilized, fully rented multifamily asset at 1407 Howard Ave, located just minutes from downtown, close to the art district area, and near the University of Evansville. This property is producing strong rental income with long-term tenants in place and is located in a high-demand rental corridor near major employers, retail centers, parks, and public transportation. The neighborhood is rapidly developing, with numerous new investments and city-led revitalization projects already underway—positioning the area for continued growth and increasing property values.
This multifamily investment stands out with pricing well below replacement cost, below-market rents offering immediate upside, and 100% occupancy for consistent cash flow from day one. Significant capital improvements were completed in 2022, including new HVAC systems, electrical upgrades, plumbing, sewer infrastructure, and window installations throughout.
The property also offers excellent walkability and access to amenities such as Franklin Street dining, public parks, and major retailers like Walmart, Schnucks, Walgreens, and Dollar General. This is a rare opportunity for investors seeking a secure, renovated, income-producing property in one of Evansville’s most active growth areas.