530 N Main Street , Albany, IN 47320(Delaware County)

0.3 Acres in Albany, IN - $318,000

7 UNITS TOTAL. 4 units at 530 N Main Street in Albany and 3 Units at 510 W Liberty St in Albany, IN. These properties are about 8 blocks apart. Buildings are brick ranch style apartment buildings built in 1978 and 1971. All units are 2 bedroom and 1 bath. Several apartments have been updated with new vinyl plank flooring, new vanities, new counter tops, doors and more. Current full occupancy, historically very quick re-leasing when a unit becomes available. 530 N Main St had a new roof installed in May 2020. Low maintenance with brick exteriors and electric ceiling cable heat and through the wall AC units. Current scheduled annual income is $44,400.