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Stay on Bank 207 Bank St 6 Unit Apartment Building $872,450 CAD ($145,408 CAD/Unit) New Albany, IN 47150

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INVESTMENT HIGHLIGHTS

Currently operating as a successful Airbnb; 1,166 nights booked (2024)with a 7.4 average night stay.
Modern furnishings within a historic building, being sold fully furnished. Fully renovated from the foundation up.

Located in downtown New Albany, IN with access to restaurants, entertainment; minutes from Louisville, KY.

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Price	$872,450 CAD	Building Class	C
Price Per Unit	$145,408 CAD	Lot Size	0.04 AC
Sale Type	Investment	Building Size	3,487 SF
No. Units	6	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1870/2021
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$872,450 CAD
Price Per Unit	$145,408 CAD
Sale Type	Investment
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment
Building Class	C
Lot Size	0.04 AC
Building Size	3,487 SF
No. Stories	2
Year Built/Renovated	1870/2021
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.