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About This Home
This 0-bedroom, 0-bathroom commercial at 1011 Vincennes Street in New Albany, IN is listed for $600,000 ($112 per sqft). Built in 1919, the home offers 5,356 sqft of living space on a 0.22 acres lot.
Seller would consider - Seller-paid closing costs, Rate buy-down assistance, Renovation credit. Great investment opportunity! This 5-unit property offers immediate income with additional upside potential. Strong rental demand in the area provides an opportunity to increase rents and improve the overall return.
Ideal for both seasoned investors and those looking to expand their portfolio. Seller is motivated and open to reviewing all reasonable offers. Flexible terms are possible, including closing cost assistance or creative financing options for qualified buyers.
A rare chance to acquire a multi-unit property with value-add potential in a growing market. This 5-unit apartment building offers a rental portfolio with a variety of floor plans. Unit 4 features 3 bedrooms and 3 full baths, while Units 1, 2, and 3 each offer 2 bedrooms and 2 baths-Unit 3 being the only upstairs unit with private deck entry.
Unit 5 is a cozy 1 bedroom, 1 bath on the first floor. All units are individually climate-controlled with efficient mini-split systems. A great option for investors seeking consistent rental income with modern amenities already in place.
Key Features
- Built in 1919
- 0.22 acre lot
Property Details
Monthly Cost Estimate
$3,209/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1011 Vincennes Street
New Albany, IN 47150
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 1011 Vincennes Street is listed at $600,000 ($112/sqft). The estimated monthly payment is $2,600 based on 20% down at 6.5% interest.
Key features include: Built in 1919, 0.22 acre lot.
This property is listed by Matt Lincoln and can be reached at (812) 948-2888 or matt@barbarapopp.com.
