Apartment for sale by owner in New Albany, IN 47150. This charming property, The Melody, is a money maker!! Located in the fast growing downtown New Albany on the historical Main St. Many fine restaurants, new developments, and businesses are making huge impacts in this area. Which makes this property a very popular place to rent. This property stays FULLY OCCUPIED. Moreover, whenever a unit becomes available its gets many prospective renters within days!! One good thing about being on Main St is all you have to do is stick a "For Rent" sign in the yard, and many people driving by will see it. YOU WILL NOT HAVE ANY PROBLEMS FINDING TENANTS!! But no need to worry about that now because ALL 5 UNITS ARE OCCUPIED!! It pretty much stays that way all year round. This 5 plex currently has many long term tenants, and all very responsible and reliable. All the tenants love it here, and have nothing but great things to say about this property. I make sure to only put the best tenants possible in this building and I feel I have the best tenants out there! Monthly rental income from the 5 units is $2,560. The best-selling point about The Melody is it’s a turn key operation, fully occupied, and with everything in good working order. Just sit back and collect the rent. Serious buyers only please. Thank you again for you interest in The Melody!
Off market
$165,800
1219 E Main St, New Albany, IN 47150
5beds
2,400sqft
Apartment
Built in 1929
-- sqft lot
$165,800 Zestimate®
$69/sqft
$2,851 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
 - Bathrooms: 5
 - Full bathrooms: 5
 
Heating
- Wall
 
Cooling
- Wall
 
Appliances
- Included: Range / Oven, Refrigerator
 
Features
- Flooring: Carpet, Laminate
 - Basement: None
 - Has fireplace: No
 
Interior area
- Total interior livable area: 2,400 sqft
 
Property
Parking
- Parking features: On-street
 
Features
- Exterior features: Vinyl
 - Has view: Yes
 - View description: City
 
Lot
- Size: 5,662 sqft
 
Details
- Parcel number: 220502802379000008
 
Construction
Type & style
- Home type: Apartment
 
Materials
- Metal
 - Foundation: Crawl/Raised
 - Roof: Metal
 
Condition
- Year built: 1929
 
Community & neighborhood
Location
- Region: New Albany
 
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$165,800
2% more+$3,316
With Zillow Showcase(estimated)$169,116