7
See all 7 photos
$600,000
Est. payment /mo
9,583 Sqft Lot
New
1011 Vincennes ST #5 New Albany, IN 47150
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202608003
Year Built 1919
Annual Tax Amount $2,404
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Multi Family
Property Description
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.
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.
Location
State IN
County Floyd
Direction Spring St to Vincennes - Across from New Albany HS.
Interior
Fireplace No
Exterior
Present Use Multi-Family
Others
Tax ID 0086260140
Listed by Schuler Bauer Real Estate Services ERA Powered (N