The Flats at Keystone

Old Tyme Court Evansville, IN 47711

Old Tyme Court, Evansville, IN, 47711
The Flats at Keystone - Birdseye
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$6,500,000
Last Verified:
Dec 10, 2024

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Highlights

  • New construction with brick exterior and high-end finishes
  • High-end clientele with established corporate relationships
  • High occupancy since beginning operations
  • Owner has been able to raise pricing 3 times without impacting occupancy
  • Close to shopping and dining options
  • Easy access to I-69 and major roadways
  • Close to airport

Description

The Flats at Keystone offers a premier short-term condominium rental experience in Evansville, designed for professionals seeking both short-term and extended stay options in the Evansville Metro area. Each unit is fully furnished, merging the convenience of a luxury hotel with the comfort and privacy of a home.

The interiors feature upscale decor, including gourmet kitchens, luxury bedding, and elegantly appointed master bathrooms. Guests also enjoy complimentary access to Evansville's leading fitness and wellness facility, enhancing their stay with high-quality amenities and lifestyle services.

The Flats at Keystone are located in a residential area on the north side of Evansville close to the commercial district, with numerous shopping and dining options. Constructed in 2024, the property consists of 18 condominium units with 2 floorplans - The Belfry, with 2 bedrooms and 1 bath, and The Belvedere with 2 beds, 2 baths and an attached 1 car garage.

Management is in place and agreeable to working with a new owner. Seller will offer 90 days of transition assistance.

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.


Year Built: 2024
Building Size: 17340sq ft
Lot Size: 1.15 acres


Documents

Offering Memorandum - The Flats

Map of Old Tyme Court, Evansville, IN, 47711

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.