1421 1423 E Spring Street, New Albany, IN 47150

$264,000 Asking Price

4 beds

4 baths

1,760 sqft

Built in 1929

Former Appraisal Office with 4 (1) Bedroom Apartment Rentals. Seller is converting office into a 4th (1) Bedroom Apartment Rental. A 2 Car Garage is also included. When all units & garage are rented, revenue is $2,600/month. Owner pays all utilities currently. There are four electric meters, one for each rental unit. All 4 units are currently rented on a month to month lease.

Listing Status:: Active
Date Added:: December 18, 2024 — 5 days ago
Listing Office:: Berkshire Hathaway HomeServices Parks & Weisberg R
Office Phone:: 812-282-0426
MLS ID:: 2024012848

Features & Amenities

Interior

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

Exterior

General:: Garage(s)
Style:: Two Story
Other Structures:: Garage(s)
Parking:: Detached,Garage Faces Front,Garage

Construction

General:: 2

Location

Originating MLS:: SIRA
County:: Floyd

Lot

Zoning:: P.13 L.74, 220502800705000008

Utilities

Water:: Connected,Public
Sewer:: Public Sewer

Financial

Source:: SIRA

This listing courtesy of:
Berkshire Hathaway HomeServices Parks & Weisberg R

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.

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1421 1423 E Spring Street, New Albany, IN 47150

$264,000 Asking Price