• Year Built: 1968
1510 Southeast Riverside Drive is amulti-family property for lease in Evansville, IN.
This investment property has been extensively remodeled inside with new floor coverings, paint, cabinets, and appliances. The building is an “L” shaped solid brick structure with a brand new asphalt shingle roof. The property is in the near downtown area, close to the arts district and Main St.
10 of the 14 units are completely finished and are currently being rented. Evansville Homes for Rent is the property manager for this property. Excellent investment at a 12% cap rate managed. Fully rented, this property could yield a cap rate in the high teens, or low twenties. Property is being sold as is.
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