$1,590,000 Lovely 2 & 3 BR units on quiet New Albany cul-de-sac 3 BR patio homes 2 BR town homes 21,300 SF total 9 buildings; 18 units
All units separately metered for water, gas and electric. It is suggested but not necessary Landlord carry the sewer expense because if Tenant does not pay it becomes lien on property. There is 7 buildings in this all-brick property. Based on area rental comps, rents are believed to have upside potential. Occupancy history of stability makes this a perfect self-managed situation in the rental market. Not listed in square footage are four efficiency apartments and approximately 3800 sf in basement storage.
To immediately receive an information packet, text or call the secondary contact phone number above with your name and email address. Please do not use the additional info box and contact button. Collect $1,050/month OR MORE on this 2-Unit Property in New Albany, IN! " Are you looking for real passive income? " Are you looking to multiply your returns in real estate? " Tired of competing over single family units? For less than the price of many Single Family Homes, you can have 2 income-producing units! PRICED TO MOVE QUICKLY: $58,800 Don' t miss out! This multifamily property offers multiple money-generating strategies: §ð Pro forma cap rate 14.2% §ð Cash on cash return 18.5% §ð 5 year annual ROI 29.5% per year §ð Stable Property in hot rental area §ð 1k in repairs needed §ð Great mix of one 4 bed/1bath and one 2 bed/1 bath §ð Priced to MOVE §ð Fully occupied §ð Perfect small apartment starter §ð Priced below market §ð Room for rent increases §ð Even more possible value plays! This is an off-market deal.