Capital Partner Needed for 17-Unit Evansville Deal (10.68% Cap)

[Patrick Lismon]

Hello BP Community,

My name is Patrick Lismon. I'm an investor looking to connect with a capital partner for a fully vetted multi-family deal in Evansville, IN.

After a full review of the seller's T12 financials, this deal is confirmed to have a 10.68% actual cap rate with a clear value-add component.

The Opportunity:

• Asset: 17-Unit, 100% Occupied Portfolio
• Price: $845,000 (~$49.7k/unit)
• Verified Return: 10.68% Cap Rate (based on T12)
• Proven Upside: Data confirms a $17,700 annual rent gap to be closed.

The Partnership:

• Ask: Seeking a capital partner for $75,000 for a 50/50 JV.
• Structure: A preferred return will be offered to return the partner's capital first.

If you are an accredited investor and would like to see the full 2-page proposal, please send me a direct message.

Thank you, Patrick Lismon