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Single Family Rental Portfolio

$592,500

3515 Pigeonbrooke Court, Evansville, IN 47715

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Last Updated: 06/13/2025

6.18

Cap Rate

34,939

NOI

Details:
Cap Rate:    6.18%
NOI:    $34,939
Building Size:    2,626 sqft
Lot Area:    0.32 acres
Occupancy:    100%
Units:    3
Year Built:    2003
Floors:    1
Highlights:
  • Well maintained & professionally managed
  • Located in same neighborhood
  • Nearby shopping, dining & entertainment
  • Discounted price if purchased as package
Description:

Bite-size investment package of three single-family rental homes with under market rents. All are patio-homes built in the late 1990's or early 2000's, located in the same desirable neighborhood on the eastside of Evansville with single car attached garages and fenced yards. These homes are well cared for and Professionally managed with many updates.

Priced as a package at $592,500 (discounted $30,240).

Priced individually:
- 3515 Pigeonbooke available for $209,720
- 3716 Park Ridge available for $203,300
- 3805 Windsong Cove available for $209,720



All three homes are located on the northeast side of Evansville in The Village at Timber Park. The neighborhood is close to shopping and dining destinations on North Green River Rd.

Map:
Documents:
Title
Flyer_-_SFR_Portfolio.pdf
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