1011 Vincennes Street 5,New Albany, IN 47150
New Albany, IN 47150
Description
$25,000 seller credit if an offer is accepted by 9/15/26. 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.
Details
| MLS # | 202608003 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1919 |
| Days On Site | 111 |
| Listing Provided By | Schuler Bauer Real Estate Services ERA Powered (N | Matt Lincoln |
Features
| SQ Feet | 5,356 |
|---|---|
| Units | 1 |
| Acreage | 0.22 |
Taxes
| Tax Annual Amount | 2404 |
|---|
Area Information
| State | IN |
|---|---|
| County | Floyd |
| City | New Albany |
| Zip Code | 47150 |
| Listing VS Median (in 47150) | |
Price: $575,000 low | high Med: $248,450 sqft: 5,356 low | high Med: 1,458 $ / sqft: $107 low | high Med: $176 On site: 111 low | high Med: 69.5 | |
Market Activity 47150
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Learn More About This Property
| State | IN |
|---|---|
| County | Floyd |
| City | New Albany |
| Zip Code | 47150 |
| Listing VS Median (in 47150) | |
Price: $575,000 low | high Med: $248,450 sqft: 5,356 low | high Med: 1,458 $ / sqft: $107 low | high Med: $176 On site: 111 low | high Med: 69.5 | |
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