2235 Ekin Ave, New Albany, IN

Name: 2235 Ekin Ave, For Sale in New Albany - Zoocasa
Brand: Keller Williams Realty Consultants
SKU: 2026012589
Price: 275000 USD

House

For Sale

Listed price in listed location currency (USD).

$275,000

440

MLS® 2026012589

Overview

Key Facts

Type

Levels Residential

Size 1880 sqft

Garage

Taxes $4,175

Days Active 4

Lot Size 0.093 Acres

Approx. Age 1929

Avg. Price Per Sqft $146

MLS® Number 2026012589

Property Address: 2235 Ekin Ave, New Albany, IN, 47150-1779

Average square foot calculated using Size range provided by listing agent.

Description

Yes, you can still find a rental property that beats the 1% rule! Fully leased, 4-unit apartment building in Uptown New Albany with numbers that work: $3140 per month in rent income, which is $37, 680 a year. A cash-on-cash return like this is hard to find right now. All four units have been updated in some way within the last two years. A floorplan is provided showing the three 1-bedroom units and one studio (combined bedroom and living room). Each unit has its own furnace and separate gas and electric meters. Tenants pay gas and electric. Unit 2 has a washer and dryer. There is off-street parking for 4 cars (rare for an uptown 4-plex), plus a grassy yard for playing and dog walking. With a full-price offer, seller will contribute up to $5, 000 towards an interest rate buydown or other buyer closing costs that the lender allows, plus a 1-year home warranty for peace of mind, and will do some repairs that the home inspector noted. Or you can get a discounted price by buying it as-is. A building floor plan, rent roll, tax record, income and expense summary, and a 2026 Certainty Home Inspection report are available, so you can be sure that viewing it in person would be a good use of time. Run the numbers on this one using your favorite investment calculator app - you’ll be glad you did. Ask your tax advisor how buying this before the end of the year can potentially save money on taxes. Or, you may be able to buy this with a 5% down payment if you use it as your primary residence.

MLS® Number2026012589

Laundry LevelUpper

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1929

BasementCrawl Space

DrivewayNo Garage

Garage Spaces

HeatForced Air

A/CWindow Units, Wall Window Units

Extras

Rooms

Change to metres

Bathroom 1:Second FloorNot available

Living Room:First FloorNot available

Bathroom 3:Second FloorNot available

Bathroom 4:First FloorNot available

Bedroom 1:Second FloorNot available

Bathroom 2:First FloorNot available

Kitchen:Second FloorNot available

Map

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