627 S Frederick St, New Harmony, IN 47631
- $375,000
- 8
- BD
- 8
- BA
- 6,109
- SqFt
Listing courtesy of Chadd Huffman from RK Brokerage LLC.
- List Price
- $375,000
- Status
- ACTIVE
- MLS#
- 202631594
- Style
- Traditional
- Year Built
- 1970
- Days On Market
- Unknown
- Bedrooms
- 8
- Bathrooms
- 8
- Living Area
- 6,109
- 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.
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Additional Information
- Acres
- 0.25
- Taxes
- $4,378
- Lot Features
- Level
- Water
- City
- Heating
- Natural Gas
- Cooling
- Central Air
- Flooring
- Carpet, Vinyl
- School District
- MSD of Mount Vernon
- Elementary School
- Farmersville
- Middle School
- Mount Vernon
- High School
- Mount Vernon
- Agent Name
- Chadd Huffman
Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. 