401 Colonial Club Dr, New Albany, IN 47150

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Building Details:

401 Colonial Club Dr is located in New Albany, IN.

Enjoy excellent yield and reduced management with the 12 remaining one bedroom units in Colonial Club Condominiums. Located in a high demand and quality location off of Charlestown Road in New Albany, this property was constructed in 1998 and offers renters condo quality apartmenets in a convenient area. There is a condominium assocation in place that handles the management of all outdoor and common areas, which reduces day to day management for the owner. The newer construction and quality renters will also limit maintenance costs. There is upward mobility in rents to add value. Certain tenants currently pay additional rent to utilize the 4 two car or 2 one car garages. A possible exit strategy exists with an eventual sale of the units as condominiums. Call today for further details on this quality multi-family asset.

Current Gross Rent: $6,649 per year