115 Union Street, New Albany, IN 47150

$740,000 Asking Price

3 beds
3 baths
928  sqft
Built in 1929

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


Features & Amenities

Interior

A/C:
true, Central Air
Heating:
true, Forced Air

Location

Originating MLS:
SIRA
County:
Floyd

Lot

Zoning:
P 329 L 25, 0088290025

Utilities

Water:
Connected,Public
Sewer:
Public Sewer

Financial

Source:
SIRA
Buyers Agent Compensation:
2.5

This listing courtesy of:
Venture Realty LLC

About New Albany, IN

Housing

Number of Units
22,455
Median Home Value
$158,082
Median Rent
$638

36.06% of housing units are renter occupied.

7.44% are vacant.

Commute

Car
78.21%
Public Transportation
0.82%
Walk to Work
1.77%
Work from Home
18.91%
Other
0.23%

The median travel time to work is 19 minutes.

People

Population
48,823
Median Age
38.50
Median Household Size
2.50

Education

High School
33.58%
Associate’s Degree
9.20%
Bachelor’s Degree
16.33%
Graduate Degree
9.28%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

Message

Interested in this home?

Request more information: