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322 W Market St - 318 & 322 W Market Street, New Albany, IN 6 Unit Apartment Building Offered at $798,779 CAD New Albany, IN 47150
Investment Highlights
- 5 of the 6 units are currently rented
- Turnkey operation
Executive Summary
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.
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.
Property Facts
| Price | $798,779 CAD | Building Size | 4,614 SF |
| Price Per Unit | $133,130 CAD | No. Stories | 2 |
| Sale Type | Investment | Year Built | 1929 |
| No. Units | 6 | Parking Ratio | 1/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Zoning | Multi-Family/Residential | ||
| Price | $798,779 CAD |
| Price Per Unit | $133,130 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Building Size | 4,614 SF |
| No. Stories | 2 |
| Year Built | 1929 |
| Parking Ratio | 1/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Multi-Family/Residential |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 22-05-00-300-359.000-008 | Improvements Assessment | $178,801 CAD |
| Land Assessment | $12,610 CAD | Total Assessment | $191,411 CAD |
Property Taxes
Parcel Number
22-05-00-300-359.000-008
Land Assessment
$12,610 CAD
Improvements Assessment
$178,801 CAD
Total Assessment
$191,411 CAD
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Presented by
Lopp Realtors
322 W Market St - 318 & 322 W Market Street, New Albany, IN
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