207 Bank St - Multi-Family FOR SALE


New Albany, IN 47150- Downtown New Albany
$625,000 USD
812-920-5268
207 Bank St, New Albany, IN for Sale
$625,000 USD
Multi-Family - FOR SALE
1/2
null | Request Cap Rate

207 Bank St
New Albany, IN 47150
Downtown New Albany


HIGHLIGHTS

  • Currently operating as a successful Airbnb; 1,166 nights booked (2024)with a 7.4 average night stay.
  • Located in downtown New Albany, IN with access to restaurants, entertainment; minutes from Louisville, KY.
  • Modern furnishings within a historic building, being sold fully furnished. Fully renovated from the foundation up.

OVERVIEW

A rare business opportunity in downtown New Albany, Indiana! Step into history with this charming, 6 unit residence located in the heart of New Albany. Built circa 1870, this beautifully restored property offers timeless character paired with modern convenience. Known as the Scherer/Weigleb House, it represents a true piece of Southern Indiana's heritage. This property has proven success as a short term rental (Airbnb) as well as long term accomodations; making it an outstanding investment opportunity. City skyline and river views make for a one-of-a-kind guest experience. Prime location is just minutes from downtown Louisville, KY and surrounded by dining, shopping and cultural attractions. This property is being sold fully furnished; visit www.STAYONBANK, New Albany, IN for additional information and photos of each unit. Call listing agent for additional information; ie. financials, earnings report etc.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$169 USD /SF

# OF UNITS

6

PRICE/UNIT

$104,167

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stay on Bank

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1870

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

-

APN/PARCEL ID

22-05-00-200-311.000-008

ASK ABOUT THIS PROPERTY

Paul KigerColdwell Banker CommercialMore Info
812-920-5268

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Paul KigerColdwell Banker CommercialMore Info
812-920-5268

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