28
See all 28 photos
$275,000
Est. payment /mo
3 Beds
4 Baths
1,880 SqFt
New
2235 Ekin Ave New Albany, IN 47150
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,880 sqft
Price per Sqft $146
MLS Listing ID 1732931
Bedrooms 3
HOA Y/N No
Abv Grd Liv Area 1,880
Year Built 1929
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Quadruplex
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 1880
Property Description
Yes, you can still find a rental that beats the 1% rule! Fully leased 4-unit building in Uptown New Albany: $3,140/month in rent, $37,680 a year. All units updated within the last two years: three 1-bedrooms and one studio. Each unit has its own furnace and separate gas and electric meters; tenants pay gas and electric. Unit 2 has a washer and dryer. Off-street parking for 4 cars plus a grassy yard. With a full-price offer, seller will contribute up to $5,000 toward a rate buydown or buyer closing costs, plus a 1-year home warranty and do some repairs. Or you can buy it as-is at a DISCOUNTED PRICE. Floor plan, rent roll, tax record, income/expense summary and 2026 inspection report are available for you. If using this as your primary residence, you may be able to have a 5% down payment.
Location
State IN
County Floyd
Direction Near the intersection of Slate Run Road and Ekin Ave, on the corner of Ekin and McDonald Ave
Interior
Heating Forced Air, Natural Gas
Cooling Wall/Window Unit(s)
Exterior
Exterior Feature None
View Y/N No
Roof Type Shingle
Garage No
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Aluminum Siding
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Listed by Keller Williams Realty
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