627 S Frederick Street, New Harmony, IN 47631
- $375,000
- 8
- BD
- 8
- BA
- 6,109
- SqFt
- List Price
- $375,000
- Status
- ACTIVE
- MLS#
- 202631594
- Days on Market
- 0
- Style
- Multi-Story (3+)
- Year Built
- 1970
- Days On Market
- 0
- Bedrooms
- 8
- Bathrooms
- 8
- Living Area
- 6,109
- Above grade
- 6109
- Township
- Harmony
- Subdivision
- Country Terrace
Property Description
Excellent investment opportunity in the heart of New Harmony! This income-producing 8-unit multifamily property offers a strong rental portfolio with value-add potential. The building consists of three 1-bedroom units, three 2-bedroom units, and two 3-bedroom units, providing a desirable mix of floor plans to attract a variety of tenants. Numerous recent updates have been completed, including updated HVAC systems in the majority of the units, helping reduce future maintenance costs and improve tenant comfort. A portion of the basement offers individual storage areas for tenants, while additional space presents the opportunity to add a shared laundry facility, creating the potential for an additional income stream. The property also features ample off-street parking, adding convenience for residents. Whether you're looking to expand your investment portfolio or capitalize on future upside through additional improvements, this well-located New Harmony multifamily property is one you won't want to miss.
Additional Information
- Acres
- 0.25
- Exterior
- Vinyl
- Heating
- Gas
- Cooling
- Central Air
- Appliances
- Building
- Flooring
- Carpet, Vinyl
- Amenities
- Off Street Parking, Eat-In Kitchen
- School District
- MSD of Mount Vernon
- Elementary School
- Farmersville
- Middle School
- Mount Vernon
- High School
- Mount Vernon
- Agent Name
- Chadd Huffman
Listing courtesy of Chadd Huffman from RK Brokerage LLC. 812-319-4351
IDX information is provided by the Indiana Regional MLS and is exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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