1011 Vincennes St - Apartments FOR SALE


New Albany, IN 47150
$600,000 USD
502-641-7392
1011 Vincennes St, New Albany, IN for Sale
$600,000 USD
Apartments - FOR SALE
1/85
null | Request Cap Rate

1011 Vincennes St
New Albany, IN 47150


OVERVIEW

Investment Opportunity! This fully occupied 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. Co-listed by Matt Lincoln and Pat Groves with Schuler Bauer Real Estate. Projected Gross Rents, Unit 1 - $1400 per month, Units 2,3,4 - $900 per month, Unit 5 - $750 per month. Total projected annual gross rent $58,200.00. Directions: Charlestown Road to Vincennes Street. Across the street from New Albany High School.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$112 USD /SF

# OF UNITS

5

PRICE/UNIT

$120,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1918

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

-

APN/PARCEL ID

22-05-04-200-680.000-008

ASK ABOUT THIS PROPERTY

Matt LincolnSchuler Bauer Real Estate ServicesMore Info
502-641-7392

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Matt LincolnSchuler Bauer Real Estate ServicesMore Info
502-641-7392

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.