Multi-Family Space For Sale @ 704 E Main St

The Culbertson Widows Home, built as apartments by Indiana's wealthiest resident for the benefit of Civil War Widows in 1873, offers 9 fully furnished units on Mansion Row in downtown New Albany.

The demand for quality multifamily in New Albany is strong and this property is perfectly positioned to meet that demand as its surrounded by stunning single-family residences, backs up to the Ohio River Greenway, and is close to the bars and restaurants Downtown. Feast, Wick's, Comfy Cow, Toast, & The Exchange are all just a few blocks away. Tenants love the location and vacancies are rare.

$50,295 of NOI on Gross of $80,220 in 2015. There is no deferred maintenance (The Sellers just added a $40,000 period- appropriate roof). At $575,000, the quality and cash-flow offered at The Culbertson Widows Home cannot be matched anywhere in Greater Louisville.