322 W Market St - Multi-Family FOR SALE


New Albany, IN 47150
$569,000 USD
502-599-4522
322 W Market St, New Albany, IN for Sale
$569,000 USD
Multi-Family - FOR SALE
1/2
null | Request Cap Rate

322 W Market St
New Albany, IN 47150


HIGHLIGHTS

  • 5 of the 6 units are currently rented
  • Turnkey operation

OVERVIEW

This listing features two income-producing properties in downtown New Albany - 318 W Market, a quadplex, and 322 W Market, a duplex. Five of the six units are currently leased, bringing in $4,420 per month combined. Tenants are responsible for their own gas and electric, while the owner covers water, sewer, and trash. A solid opportunity for investors looking to add a turnkey, income-producing property to their portfolio. Square footage, taxes, flood zone, and school systems are to be verified by the buyer(s) or Buyer's Agent if critical to the buyer(s). Units are occupied so seller will need 72 hours notice for showing requests. Square feet, beds, bath, assessments, property tax and deductions are combined from both properties.

FOR SALE DETAILS

PRICE

$569,000 USD

PRICE/SF

$123 USD /SF

# OF UNITS

6

PRICE/UNIT

$94,833

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

318 & 322 W Market Street, New Albany, IN

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

6

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Multi-Family/Residential

APN/PARCEL ID

22-05-00-300-351.000-008,22-05-00-300-358.000-008,22-05-00-300-359.000-008,22-05-00-300-361.000-008

ASK ABOUT THIS PROPERTY

Staci FlispartLopp RealtorsMore Info
502-599-4522

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Staci FlispartLopp RealtorsMore Info
502-599-4522

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