1743 Culbertson Ave - Apartments FOR SALE


New Albany, IN 47150
$3,200,000 USD
502-384-4991
1743 Culbertson Ave, New Albany, IN for Sale
$3,200,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

1743 Culbertson Ave
New Albany, IN 47150


OVERVIEW

1743 & 1737 Culbertson Avenue and 1734 Ekin Avenue, New Albany IN 47150 Culbertson Cross Apartments – Exceptional Investment Opportunity Discover Culbertson Cross Apartments, a rare chance to own a high-performing, low-maintenance property with impressive income potential. This self-managed complex includes 37 one-bedroom apartments, a two-bedroom single-family home, off-street parking lot, and green space, creating a complete, well-rounded investment package. Property Overview: • 37 – 1 Bedroom / 1 Bath Apartments • 1 – 2 Bedroom Single-Family Home • Large Coin-Operated Laundry Room • Dedicated Parking Lot • Spacious Storage Area – Potential for Additional Apartment • Each Unit Individually Metered – Tenants Pay All Utilities • Separate Furnaces and Central Air for each Unit Apartment Features: Each unit offers a comfortable layout with a living room, kitchen, bedroom, and bathroom, along with generous closet space. Interiors feature vinyl and carpet flooring, and tile in kitchens and baths. The building includes an elevator and three stairwells for convenient access throughout. Investment Highlights: Culbertson Cross Apartments consistently attracts long-term tenants and generates strong, reliable cash flow. With minimal maintenance requirements and an efficient self-managed structure, it represents a true turnkey opportunity. Prime Location: Ideally located in the heart of New Albany, just minutes from the bustling Clarksville shopping & dining corridor, major interstates I-64 and I-65, and easy access to the Louisville bridges. This strategic location ensures continued tenant demand and long-term appreciation potential. Column Realty LLC, a Kentucky-licensed real estate brokerage, License # 243832, acts as the exclusive listing broker for this offering. In compliance with Indiana real estate regulations (IC 25-34.1-10-9.5), we have partnered with Genesis Realty LLC, an Indiana-licensed brokerage, License # RB14032277, to facilitate local marketing, showings, and transaction compliance within the state of Indiana. The co-broker shares in the commission per the terms of a co-brokerage agreement. No dual agency exists unless explicitly disclosed in writing.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$161 USD /SF

# OF UNITS

38

PRICE/UNIT

$84,211

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

-

APN/PARCEL ID

22-05-02-801-966.000-008

ASK ABOUT THIS PROPERTY

John RendeiroColumn RealtyMore Info
502-384-4991

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John RendeiroColumn RealtyMore Info
502-384-4991

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