703 E Main Street, New Albany, IN 47150

Investors take note: this building is a cash cow! Quad-plex has four 1BR/1BTH units, stays rented (one tenant 22 years!) $1715 monthly income - seller pays water/sewer/trash/tax/insurance - tenants pay own gas/electric. Income nets $1,100 - $1200 per month (after management fee). Apts 1&2 had 90% HVAC (2010), Apts 3&4 have wall units. All have window a/c units, stove & fridge. Roof (2007), single layer, Gutters - except front (2009), Exterior staircase (2012). Per Seller, updates in the past include: exterior vinyl, romex wiring throughout, subfloors replaced. Corner lot, with shed, in Historic District. Units are in good condition, some exterior trim paint needed. Cellar holds furnaces and 4 water heaters, separate electric meters.