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Shawne Mardis

smardis@movingwithmardis.com +1(502) 649-6720

Est. payment - /mo

4 Beds

4 Baths

2,780 SqFt

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Open House

Tue Aug 25, 11:00am - 1:00pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Residential

Listing Status Active

Purchase Type For Sale

Square Footage 2,780 sqft

MLS Listing ID 2026010750

Style Two Story

Bedrooms 4

Full Baths 4

Construction Status Resale

Abv Grd Liv Area 2,780

Year Built 1929

Annual Tax Amount $3,311

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type Residential

Property Description

DOWNTOWN NEW ALBANY 4-PLEX | ONLINE AUCTION - BIDDING ENDS: TUESDAY, AUGUST 25 @ 2PM. Turn-of-the-century four-unit apartment building offers a rare investment opportunity just east of the heart of downtown New Albany in the East Spring Street Historic District. The two-story building contains four one-bedroom apartments, two units on each level with parking in rear with alley access. Covered front porch with entry foyer for Units 1 & 2 with original staircase. 10' ceilings. Cozy wall furnace units in Apartments 3 & 4. Separate gas & electric meters. Agent estimates age of home earlier - courthouse records indicate 1929. Ready for complete rehabilitation, the property presents an excellent opportunity for investors, contractors, or developers to restore and reposition this income-producing property in one of Southern Indiana's most sought after downtown districts. Convenient access to I-64 Sherman Minton Bridge. TERMS: 10% BUYERS PREMIUM added to hammer bid to determine purchase price. A 10% non-refundable down payment is due within 24 hours, with balance due in 40 days. Selling as-is with no contingencies. Inspections are welcomed prior to auction. Financing is permitted but not contingent upon loan approval or appraisal. The buyer pays all closing costs. Possession at closing. Taxes prorated to closing. See Bid Packet for complete terms.

Location

State IN

County Floyd

Zoning Residential

Direction From State Street turn East on Spring Street. Continue nine blocks to the property on the right.

Rooms

Basement Crawl Space

Interior

Heating Forced Air, Other

Cooling None

Fireplace No

Appliance Oven, Range, Refrigerator

Exterior

Exterior Feature Deck, Paved Driveway, Porch

Water Access Desc Connected,Public

Roof Type Shingle

Street Surface Paved

Porch Covered, Deck, Porch

Building

Dwelling Type Quadruplex

Entry Level Two

Foundation Brick/ Mortar, Crawlspace, Cellar

Water Connected, Public

Architectural Style Two Story

Level or Stories Two

Additional Building Shed(s)

New Construction No

Construction Status Resale

Others

Tax ID 220502800525000008

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Special Listing Condition Auction, Estate

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Listed by Harritt Group, Inc

"I have spent nearly 2 decades becoming an expert in Southern Indiana market trends and influences. Now, I'll put my considerable market background to work for you, helping you to identify the best deals, and price your home accurately to assure a quick sale, while maximizing profit. "

+1(502) 649-6720

smardis@movingwithmardis.com

8610 Chapel Hill Court, Charlestown, Indiana 47130, USA

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916 E Spring ST New Albany, IN 47150