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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

    List your home for rent

    $2,851/mo

    Rent Zestimate®

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    $2,851/mo

    Rent Zestimate®

    Refinance and save

    $794/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

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    $794/mo

    Est. payment

    What's special

    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!

    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