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59 S RED BANK RD
EVANSVILLE, IN 47712
Asking Price
$210K
Asset Type
Timber Land
Class
Class B
What's Special
2.49 Acres of Development Land on the West Side of Evansville <p>Unique two parcel wooded lots positioned near the most active retail shopping centers on Evansville's West Side. Located in the very northwest corner of Evansville's City Limits, this property has a large stand of mature trees ripe for harvesting and a location that puts a retailer or multifamily developer close to highly desirable amenities of Evansville's West Side. This lot is characterized by both its topographic diversity and natural setting. The northern boundary of the property is a
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NOI
$80,000
Cap Rate
38.10%
DSCR
6.42
Strong
Cash-on-Cash
107.19%
Monthly Payment
$1,038.965
Annual Cash Flow
$67,532.415
