The Flats at Keystone
$6,049,000
Old Tyme Court, Evansville, IN 47711
17,340 sqft
Building Size
1.15 acres
Lot Area
Details:
Highlights:
- New construction with brick exterior and high-end finishes
- High-end clientele with established corporate relationships
- High occupancy since beginning operations
- Close to shopping and dining options
- Easy access to I-69 and major roadways
- Close to airport
Description:
The Flats at Keystone presents a rare opportunity to acquire a fully operational, high-performing furnished rental business in the heart of Evansville, Indiana. Purpose-built to serve the region’s corporate housing needs, this flex-term rental community combines upscale residential comfort with hotel-style convenience—making it the preferred choice for professionals, relocation consultants, and extended-stay guests.
The property offers two distinct floor plans:
• The Belvedere – 2 bed / 2 bath, 1,320 sq ft, attached garage, porch and patio
• The Belfry – 2 bed / 1 bath, 785 sq ft, dedicated parking
Each unit is fully furnished with stainless steel appliances, luxury bedding, in-unit laundry, and 55" Smart TVs. High-speed internet and complimentary membership to B-Fit Gym further enhance the guest experience.
The Flats at Keystone maintains consistently high occupancy, driven by long-standing relationships with many of Evansville’s top employers. The Flats at Keystone has served the corporate housing needs of companies such as Toyota Motor Manufacturing, PGP International, Babcock & Wilcox, Seal Corp, Deaconess Health, Ascension St. Vincent, among others. These relationships generate repeat business and stable cash flow, positioning the property as a trusted housing solution for executive teams, travel nurses, and project-based professionals.
With strong brand recognition, streamlined operations, and a proven track record of performance, The Flats at Keystone is priced at a 7.6% CAP rate—offering investors an attractive blend of income stability and long-term growth potential in a thriving regional market.
Situated at the prime intersection of Green River and Heckel Roads, The Flats at Keystone are located in one of Evansville's most sought-after communities. Here, residents have easy access to a wide range of dining, shopping, and nightlife experiences along Green River and Burkhardt Roads—the heart of Evansville’s vibrant, up-and-coming commercial district. This area is known for its modern amenities, popular destinations, and dynamic atmosphere, making it a top choice for those looking to enjoy a lively and convenient lifestyle.
Documents:
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| Flyer - The Flats at Keystone |
Location
Gallery
