Cash flowing 6-plex in the heart of New Albany. This conveniently located multifamily has 5 of 6 units currently rented with the 6th being marketed for rent. The property comes with plenty of off street parking as well as a garage that is currently rented also. The large vacant unit was just rehabbed and a brand new roof was installed in August of 2023. Great addition to any portfolio. Property is professionally managed with rent roll and financials available upon request.
These 7 houses could be a great addition to your portfolio. Southern Indiana has a strong rental market this could be a great opportunity to get into a growing market. New Albany has many new developments underway that continuously are improving the area. Because of this home values have increased in the area. This portfolio consists of 6 houses in New Albany Indiana and one house in Jeffersonville Indiana. The current rent roll is $7,116 monthly with availability for a new owner to add value by raising rent or renovating and selling the property. Most current tenants are on month-to-month leases allowing the new owner the flexibility to turn units quickly if desired. Addresses Include; 115 Union St, New Albany, IN 47150 1340 Beeler St, New Albany, IN 47150 1611 King St, New Albany, IN 47150 1803 E. Market, New Albany, IN 47150 1806 Culbertson, New Albany, IN 47150 515 E. 7th St, New Albany, IN 47150 917 Watt St., Jeffersonville, IN 47130
TURNKEY 8-PLEX in the heart of historic Downtown New Albany on Mansion Row! This charming building features 7 1-bedroom apartments and 1 studio apartment nestled in a beautifully restored historic home, offering the perfect blend of vintage character and modern convenience. ALL 8 units are currently rented and cash flowing! Current owner has done a full renovation including total window repair and all new storm windows, masonry work, exterior and interior repaint, basement waterproofing, exterior grading and drains, as well as updating each individual unit! Each unit has covered balcony/patio access, and the building also includes a large rear parking lot for off street tenant parking! This building's prime location offers great walkability to shops, restaurants, and entertainment. You truly have to see this one in person to appreciate the historic charm! Own a piece of New Albany history with this cash-flowing investment!
Easily converted to duplex. Set up with separate entrance that leads to studio apartment with full bathroom. Beautifully updated two story home in hot neighborhood! Located only a block away from Scribner Middle School. Brand New carpet, LVP , and paint! New cedar awnings build with sleek black metal! Newer (but not brand new) items consist of HVAC, roof, siding, gutters, windows and more! The home is ALL electric for low utility bills! Upstairs has a built in gun safe. The HUGE private fenced in lot also has a large shed. Stainless appliances that are included is the refrigerator, stove and dishwasher! Estimated rental income could be up to $2000 per month. (House is not separately metered so rent would include utilities) More photos coming soon. Seller is licensed broker
Built in 1840, the Old Pike Inn stands at 941 State Street, an important road in New Albany's early history. Originally called the New Albany-Vincennes Road, it followed the path of the Buffalo Trace, a series of buffalo trails used by the early settlers, and became an important corridor for overland trade. This property has been meticulously renovated into two office spaces and three apartments fully occupied. Old Pike Inn is listed on the National Register of Historic Places. There are 3 HVAC systems, a new roof in 2023, new carpet and paint in two apartments in 2022. All leases are month to month. There's an abundance of parking in the off-street parking lot plus spaces behind the building that provide plenty of parking for the tenants and the public. The property is zoned Mixed Use Corridor Commercial. Profit & Loss Statement available to qualified buyers. This is a rare opportunity to own a profitable piece of history with apx. 4000 sq. ft. of leasable space. Call the list agent for additional details. Sq ft approx. Property has two parcels. Taxes and assessment include the separate parcel number information.
This is your opportunity to purchase a profitable, operating Daycare.. This is a unique opportunity for the right person to take on an established business and clientele. This property includes approximately 14 classrooms / sleep areas, indoor and outdoor play areas, multiple kitchens / cafeteria areas and office spaces. 7 half baths and 2 full baths. The unfinished basement has approx. 1,568 sq. ft.. Conveniently located just off Charlestown Road and Klerner.Road.
Duplex, convenient location. Unit 1 is efficiency unit with 1 large bedroom, kitchen & bath. Unit 2 is 1 bedroom with living room, kitchen and bath. Both units have refrigerator and range. Owner has installed new cabinets, carpet, vinyl and new paint. Move in one side and rent the other. Off street parking in the rear. SQ Ft and measurements approximate. Please verify all items you consider critical.
DUPLEX!!!! AMAZING location BUT This house is rough!! Has a newer dimensional roof but other than that it needs everything! Sweat equity at its finest! This can be a great income producing property ! Built as a 1 bedroom 1 bath PER SIDE duplex. separately metered electric and gas already in tact. Will require significant rehab! Listing agent is also owner. May finance to qualified buyer!
Investors take notice. Here's your chance to own a 4-plex in a convenient New Albany location. Units 1 and 2 are 1 bedroom/1 bath units and are ready to rent. Unit 3 and 4 are ready for your finishing touches. Unit 3 when finished would be a 1 bed/1 bath and Unit 4 has the potential to be a 2 bed/1 bath. Seller is leaving all appliances currently in the property. This property features newer roof, gutters, and updated electrical. Put your finishing touches on this property and enter the world of passive income. BEING SOLD "AS IS".
6 ONE BEDROOM APTS, 100% OCCUPIED GROSS RENT $4795.00 PER MONTH. ALL RENTS INCLUDE THE UTILTIES. ALL UNITS INCLUDE RANGE/OVEN & REFRIGERATOR. 2 GAS FURNACES, TWO CENTRAL AIR UNITS, ALL RENT PRORATED TO DAY OF CLOSING. SEE ATTACHED RENT ROLL, STREET PARKING WITH OFF STREET PARKING IN REAR. SQ FT APPROX.
Own a piece of HISTORIC downtown New Albany. The former St. Edward Hospital is now a 57 unit apartment complex. Rental units bring in $36,124.00/month in rent. This property has 21 one bedroom units, 30 two bedroom units, 4 three bedroom units, 1 four bedroom apartment, and a studio apartment. 11 of the units have dishwashers and washer dryer hookups. The main building has coin laundry on site. 8 washers and 8 dryers all brand new and owned not leased. There are several storage and maintenance rooms on the property. There is an on site office space, security room, and conference room. A children's playground in the courtyard with new playsafe rubber mulch. There are 2 passenger elevators and a freight elevator. All heat and air is run on boilers and cooling towers. The parking lot behind the property on Elm Street is also included. The listing agent is related to the seller.
LOTS of UPSIDE here. This property holds (2) 4-plexes facing each other, all 2 bedrooms. There is ALSO A VACANT LOT in the rear of the property that can be built on for future units. FULLY LEASED, rents included in listing.
(4) Duplex offering. These are 1 bedroom duplexes and currently FULL. Nice setting with parking for residents front and rear. Current rents collected $4,065.
RARE multi-family offering, 8-plex. Some units have been rehabilitated and rents have upside. Several rents below market. 3 electrical meters, shared, 1 water and gas meter for property. Exterior recently painted and 3/8 units remodeled. Seller is also selling 16 other units in New Albany that can be packaged. Details to follow.
These TWO investment properties are in the heart of downtown New Albany. WALKING distance to Farmer's Market, restaurants, shops, bars, YMCA. Not hard to rent-a tenant's dream. Rent brings in $4025 each month from these 6 apartments. 322 is a Duplex and 318 is a Quadplex. All units are currently rented and have deposits. New windows, new siding on exteriors, new roofs, new paved and striped parking lot in the back along with street parking in the front. Electric/Gas separately metered and paid by tenants. Owner pays water, sewer, trash.
Front unit rents for $650 and is 2 bedroom and includes stove refrigerator and washer/dryer hookup. This unit the water sewer and gas is provided by the owner. The upper unit is 2 bedroom and rents for $800 month including all utilities paid by owner. Stove and refrigerator included. Back unit rents for $650 month and is 1 bedroom and includes all utilities paid by owner. Stove and refrigerator included. Utilities average $80 sewer, 98 water Electric $120 and gas $25/30 as per owner. Another property for sale at 1213 Culbertson Ave, New Albany, MLS 2020011809.
This is a 2 unit property with the front 1-bedroom unit renting for $700/month and includes utilities paid by owner. Back unit is a 2-bedroom unit renting for $800/month and includes utilities paid by owner. Utilities are averaging $117 month for electric and gas and the water/sewer is averaging $14 month as per owner. Another property for sale on 1110 Greenaway Place, New Albany., MLS 2020011810.
5 Plex on Historic Mansion Row in the heart of booming downtown New Albany. Walking distance to Farmer's Market, restaurants, and shops. Monthly Rent=Unit 1 - $400 currently,2 bedroom (basement unit was previously rented for $550)/ Unit 2 first floor, 3 bedroom - $775/ Unit 3-1 bedroom, 2nd floor - $550/ Unit 4, 1 bedroom, second floor - $425 (market for unit closer to $450 - $500)/ Carriage House-1 bedroom - $600. Carriage house has new appliances. Front of house has all new windows. New roof in 2015. Tenants pay gas and electric-individually metered. Showings must have 48 hours minimum notice. Square footage is approximate.
Looking for a place to live, have a rental, and work? Check out these TWO REMODELED HOMES, on a double lot in downtown New Albany! 815 Ohio Street is a 1-story, 2BR/1BA, 804-square-foot home, and 817 Ohio Street is a 1½-story, 3BR/1BA, 1,195-square-foot home that sits on a corner, with a cellar and a large 39-by-64-foot garage with a lift! Both homes have been updated with new drywall, insulation, windows, and wiring, and 815 Ohio has new plumbing and a newer water heater. The roofs on both homes are 9 years old, and the HVAC in 817 Ohio is 8 years old. Conveniently located near schools, and just minutes from downtown. Square feet is approximate; if critical, buyers should verify.
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
Information is provided exclusively for consumers personal, non - commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2024, Southern Indiana Realtors Association. All rights reserved.
New Albany is located in Indiana. New Albany, Indiana has a population of 36,548. New Albany is less family-centric than the surrounding county with 20.39% of the households containing married families with children. The county average for households married with children is 28.27%.
The median household income in New Albany, Indiana is $43,914. The median household income for the surrounding county is $59,451 compared to the national median of $57,652. The median age of people living in New Albany is 38.2 years.
The average high temperature in July is 88.2 degrees, with an average low temperature in January of 26 degrees. The average rainfall is approximately 46.1 inches per year, with 5.7 inches of snow per year.
