607 Cypress StNewburgh, IN 47630

This exceptional investment opportunity presents a well-maintained, four-unit apartment complex located at 607 Cypress St, Newburgh, IN 47630. The property, built in 1972, is a two-story brick building situated on a 0.29-acre lot (APN: 87-12-34-408-006.000-014) and boasts a desirable 6.82% capitalization rate. Currently enjoying 100% occupancy with a stable rental history, this property offers a strong, immediate return on investment. Each of the four units features washer/dryer hookups, and the property provides four off-street concrete parking spaces for residents. Tenants are responsible for all utilities, minimizing landlord expenses. The Net Operating Income (NOI) is $24,877, with an asking price of $365,000 and a price per square foot of $96.31. This multifamily property presents a compelling opportunity for investors seeking a stable, high-performing asset in a desirable location within Warrick County, Indiana. The property's strong performance metrics and attractive features make it an ideal addition to any investment portfolio.