1743 Culbertson Ave | New Albany, IN 47150
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1743 Culbertson Ave
New Albany, IN 47150
Multifamily Property For Sale
·
38 Units
Investment Highlights
- Rare opportunity to acquire a 37-unit apartment complex plus a two-bedroom single-family home in the heart of New Albany.
- Features include a large coin-operated laundry room, dedicated parking lot, and spacious storage area with potential for an additional apartment.
- Elevator access and three stairwells provide convenience and accessibility throughout the building.
- Strong income potential with all units individually metered and tenants responsible for utilities, ensuring predictable operating costs.
- Each apartment offers a practical layout with living room, kitchen, bedroom, and bath, complemented by vinyl and carpet flooring and tile finishes.
- Prime location minutes from Clarksville’s retail corridor, major interstates I-64 and I-65, and Louisville bridges, supporting long-term tenant demand
Property Facts
| No. Units | 38 | Lot Size | 0.85 AC |
| Property Type | Multifamily | Building Size | 27,522 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1935 |
| Building Class | C | ||
| Zoning | R-4 - Residential Multi-Family | ||
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.85 AC |
| Building Size | 27,522 SF |
| No. Stories | 2 |
| Year Built | 1935 |
| Zoning | R-4 - Residential Multi-Family |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 550 |
Property Taxes
| Parcel Number | 22-05-02-801-966.000-008 | Improvements Assessment | $379,000 |
| Land Assessment | $81,000 | Total Assessment | $460,000 |
Property Taxes
Parcel Number
22-05-02-801-966.000-008
Land Assessment
$81,000
Improvements Assessment
$379,000
Total Assessment
$460,000
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