1322 E Spring
New Albany, Indiana 47150 United States

$249,900
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Easy Money! This gorgeous 4 plex is fully rented with long term tenants and brings in $2100 per month in rent! If you want a hands off investment property that is already bringing in income this one is for you! Two 1-bedroom units make up the...
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$249,900
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Price / Sq. Ft.:
$74 /
Annual taxes:
$1,704
5
Bedrooms
5
Full Baths
3,380 Sq Ft.
Interior
.13 Acres
Exterior
Single Family Home
1929
Year Built
201708388
Web Id
201708388
MLS ID
21
days ago

About 1322 E Spring

Easy Money! This gorgeous 4 plex is fully rented with long term tenants and brings in $2100 per month in rent! If you want a hands off investment property that is already bringing in income this one is for you! Two 1-bedroom units make up the first floor, both are very spacious and rent easily. One unit on the first floor has a washer and dryer in the second bathroom. (One of the one bedroom units is a 2 bath unit.) The second floor consists of one 2 bedroom apartment and one 1 bedroom apartment. Numerous upgrades have been made making this a problem free property. Since all units are rented advance notice will be required for showings. All appliances remain with the property, there is a laundry area in the basement with 3 washers and dryers, one for each tenant, and the 4th apartment has its own in the bathroom. HVAC units have been replaced, new water heater, new carpet in the 2br unit, new tile kitchen floor in one of the 1st floor units, bathroom upgrades, plumbing upgrades, paint, and many more repairs and upgrades have been completed in the past few years. Tenants pay for their own electric, each unit has its own electric furnace and central air. Owner pays water/sewer and gas. Gas is approx $30 per month, water varies. House is on the historic registry. Property has 5 bedrooms and 5 bathrooms, rents immediately every time there is a vacancy. Beautiful hardwood floors throughout.

Listing Courtesy of Southern Indiana MLS

PROPERTY INFORMATION

Basement
1
Cooling
Central Air
Fireplace Info
Unknown
Heating
Heat Pump
Sewer
Sewer

EXTERIOR

Construction
Frame On-Site

INTERIOR

Rooms
10