- Property Type:Single Family
- MLS#:2024012848
- Status:Active
- Sq. Feet:1760
- On Site:130 Days
- Lot Size:0.15 Acres
- School System:N/A
Former Appraisal Office with 4 (1) Bedroom Apartment Rentals. Seller is converting office into a 4th (1) Bedroom Apartment Rental. A 2 Car Garage is also included. When all units & garage are rented, revenue is $2,600/month. Owner pays all utilities currently. There are four electric meters, one for each rental unit. All 4 units are currently rented on a month to month lease.
This property is located within the locally designated E Spring Street Historic District. Because of this local designation, any exterior alterations must be reviewed & approved by the New Albany Historic Preservation Commission. For more information about the NAHPC & a copy of the City of New Albany Design Guidelines for the local historic district, please visit www.newalbanypreservation.com.
In addition to this local designation, the property is also listed in the National Register of Historic Places. This listing qualifies the owner to potentially take advantage of tax credits to help recoup qualified rehabilitation costs for both interior and exterior improvements. For more information, see https://www.in.gov/dnr/historicpreervation/financial-assistance/historic-tax-credit/
| Lot Size: | 0.15 Acres |
| Lot Size (Sq.Ft.): | 6534 |
| Garage Spaces: | 4.0 |
| Parking Features: | Detached, Garage Faces Front, Garage |
| Sewer: | Public Sewer |
| Water: | Connected, Public |
| Other Structures: | Garage(s) |
| Basement: | Partial |
| Cooling: | Central Air |
| Heating: | Forced Air |
| Directions: | Corner of 15th Street & Spring Street |
| Tax Annual Amount: | $2, 650 |
| Terms: | Cash, Conventional |
Listing Information Last Updated 4/26/2025
Listing provided courtesy of Berkshire Hathaway Homeservices Parks & Weisberg R.
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FC Tucker Lynch Group
(812) 265-3122
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