2605 Hickoryvale Drive

2605 Hickoryvale Drive
New Albany, Indiana 47150 United States

$830,000
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Investment OPPORTUNITY, 15 Unit Apartment Bldg. with a Workshop for the Owner with approximately 2390 sq ft of storage. Roof was newin December 2015. Units are one bedroom with approximately 841 sq ft., Units #13 & #14 are larger, Unit #15 is...
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$830,000
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Annual taxes:
$7,775
1.172 Acres
Exterior
Single Family Home
1995
Year Built
201706674
Web Id
201706674
MLS ID
91
days ago

About 2605 Hickoryvale Drive

Investment OPPORTUNITY, 15 Unit Apartment Bldg. with a Workshop for the Owner with approximately 2390 sq ft of storage. Roof was newin December 2015. Units are one bedroom with approximately 841 sq ft., Units #13 & #14 are larger, Unit #15 is approx 1080 sq ft, & it's utilities are included for $800 per month. 100% occupancy. HUGE paved lot for parking, picnic grounds. The garage is 18 x 20, 360 sq ft. The building is 148'6 x 35'. Seller pays for sewer, water & garbage. Tenants pay for electric & gas. Each of 3 floors has approx. 5201 sq ft.Listing Agent is related to seller. Monthly Income is $9,420. Cap rate is 9%.

Listing Courtesy of Southern Indiana MLS

EXTERIOR

Construction
Existing