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Stay on Bank 207 Bank St 6 Unit Apartment Building $599,000 ($99,833/Unit) New Albany, IN 47150
Investment Highlights
- Currently operating as a successful Airbnb; 1,166 nights booked (2024)with a 7.4 average night stay.
- Modern furnishings within a historic building, being sold fully furnished. Fully renovated from the foundation up.
- Located in downtown New Albany, IN with access to restaurants, entertainment; minutes from Louisville, KY.
Executive Summary
A rare business opportunity in downtown New Albany, Indiana! Step into history with this charming, 6 unit residence located in the heart of New Albany. Built circa 1870, this beautifully restored property offers timeless character paired with modern convenience. Known as the Scherer/Weigleb House, it represents a true piece of Southern Indiana's heritage. This property has proven success as a short term rental (Airbnb) as well as long term accomodations; making it an outstanding investment opportunity. City skyline and river views make for a one-of-a-kind guest experience. Prime location is just minutes from downtown Louisville, KY and surrounded by dining, shopping and cultural attractions. This property is being sold fully furnished; visit www.STAYONBANK, New Albany, IN for additional information and photos of each unit. Call listing agent for additional information; ie. financials, earnings report etc.
Property Facts
| Price | $599,000 | Building Class | C |
| Price Per Unit | $99,833 | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 3,487 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1870/2021 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $599,000 |
| Price Per Unit | $99,833 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 3,487 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1870/2021 |
| Opportunity Zone |
Yes |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- High Speed Internet Access
- Refrigerator
- Tub/Shower
- Wi-Fi
- Window Coverings
Site Amenities
- 24 Hour Access
- Gated
- Wi-Fi
- Public Transportation
- Private Bathroom
Walk Score®
Very Walkable (80)
Property Taxes
| Parcel Number | 22-05-00-200-311.000-008 | Improvements Assessment | $34,000 |
| Land Assessment | $5,700 | Total Assessment | $39,700 |
Property Taxes
Parcel Number
22-05-00-200-311.000-008
Land Assessment
$5,700
Improvements Assessment
$34,000
Total Assessment
$39,700
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Stay on Bank | 207 Bank St
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