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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/PROPERTY FEATURES
Water Source : Connected,Public
Sewer System : PublicSewer
Parking Features :
Garage : Yes.
Garage Spaces: 4
Architectural Style : TwoStory
Property Sub-Type Additional : Residential
Property Condition : Resale
Heating : Yes.
Heating : ForcedAir
Cooling : Yes.
Cooling : CentralAir
Basement Description : Partial
Above Grade Finished Area : 1760 S.F
PROPERTY DETAILS
Street Address: 1421 1423 E Spring Street
City: New Albany
State: Indiana
Postal Code: 47150
County: Floyd
MLS Number: 2024012848
Year Built: 1929
Courtesy of Berkshire Hathaway HomeServices Parks & Weisberg R
City: New Albany
State: Indiana
Postal Code: 47150
County: Floyd
MLS Number: 2024012848
Year Built: 1929
Courtesy of Berkshire Hathaway HomeServices Parks & Weisberg R
Courtesy of Green Tree Real Estate Services
