About 613 615 N Fulton Avenue
Turn-key investment opportunity! This well-maintained two-story 10-plex features ten 1 bed / 1 bath units, with 9 of the 10 units already updated—offering immediate cash flow from day one. The property has seen major recent improvements, including a brand-new roof installed within the past 2 months. Each unit is separately metered for electric, with tenants responsible for their own usage, helping keep operating costs low. All tenants have been switched over to RUBS for water and sewer, providing additional income upside. The property also offers some off-street and on-street parking, a valuable amenity for tenants. With strong in-place rents, minimal deferred maintenance, and additional value-add potential through RUBS, this is an ideal addition to any investor’s portfolio.
Features of 613 615 N Fulton Avenue
| MLS® # | 202622893 |
|---|---|
| Price | $499,900 |
| Bedrooms | 10 |
| Bathrooms | 10.00 |
| Full Baths | 10 |
| Square Footage | 5,105 |
| Acres | 0.14 |
| Year Built | 1900 |
| Type | Multifamily |
| Sub-Type | Apartment Building |
| Status | Active |
Community Information
| Address | 613 615 N Fulton Avenue |
|---|---|
| Subdivision | None |
| City | Evansville |
| County | Vanderburgh County |
| State | IN |
| Zip Code | 47710 |
Amenities
| Amenities | None |
|---|---|
| Features | Ceiling-9+ |
| Parking Spaces | 5 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Vinyl |
|---|---|
| Heating | Forced Air |
| Cooling | Window |
| # of Stories | 2 |
| Stories | Two Story |
| Has Basement | No |
| Basement | None |
Exterior
| Exterior | Block, Brick |
|---|---|
| Lot Description | Level |
| Construction | No |
School Information
| District | Evansville-Vanderburgh School Corp. |
|---|---|
| Elementary | Lincoln |
| Middle | Lincoln |
| High | Central |
Additional Information
| Days on Market | 92 |
|---|---|
| Foreclosure | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Not Applicable |
Listing Details
| Agent | Jeremy Outlaw |
|---|---|
| Office | Catanese Real Estate |