8055/8059 Alexandra Lane,  Newburgh IN, 47630

10 beds , 4 Full/2 Half baths
4,474 sqft
Status: Active
MLS#: 201736544
Skip Slideshow
Last Updated: 8/20/2017 8:23 AM
Description for 8055/8059 Alexandra Lane Newburgh, IN 47630
Invest in your future!! Unbelievably large Newburgh duplex. This is truly a live comfortably on one side, and let the other side pay the majority of your mortgage. Here we have two 2,237 square foot townhouse units with five bedrooms, master on the main, four bedrooms up, 2 1/2 baths, living room, kitchen/dining combo, laundry, front porch, rear deck, fenced back yard, and a two car garage on each side. The attached garages are a rare find in a duplex and give you that single family style of living. About four years ago, 8055 received a complete redo with new HVAC, paint, carpet, all door handles, faucets, garbage disposal, stove, dishwasher, microwave and refrigerator. At the same time 8059 had its downstairs carpet replaced, new HVAC, new stove, refrigerator, garbage disposal, and dishwasher. If seven year tenant were to move, 8059 would need fresh paint, and upstairs carpet. In the last month, both driveways have been sealed, the rear decks stained. Easily rented, both current tenants are long term, one in place for three years, one for seven years. For the investor type wishing to keep both units rented, per owner, building should produce after all expenses a net profit in the 8 to 9% range. The long term tenants are enjoying less than market rental rates, but current rates for these units should be around $1,295/$1,395. Building has been well maintained in the last several years. Three years ago the crawl space was reconditioned with an interior drainage system feeding into three sump pumps, buried drainage lines for rear gutters, new gravel, plastic, cleaned, sealed and now conditioned by the new HVAC systems. No problems below the floor! Building is just 16 years old. Good steady income with potential for more at current market rates, Newburgh location.
Price
$254,900
None
Warrick County
10
4 Full/2 Half
4,474 (approx)
201736544
Active
Description
Invest in your future!! Unbelievably large Newburgh duplex. This is truly a live comfortably on one side, and let the other side pay the majority of your mortgage. Here we have two 2,237 square foot townhouse units with five bedrooms, master on the main, four bedrooms up, 2 1/2 baths, living room, kitchen/dining combo, laundry, front porch, rear deck, fenced back yard, and a two car garage on each side. The attached garages are a rare find in a duplex and give you that single family style of living. About four years ago, 8055 received a complete redo with new HVAC, paint, carpet, all door handles, faucets, garbage disposal, stove, dishwasher, microwave and refrigerator. At the same time 8059 had its downstairs carpet replaced, new HVAC, new stove, refrigerator, garbage disposal, and dishwasher. If seven year tenant were to move, 8059 would need fresh paint, and upstairs carpet. In the last month, both driveways have been sealed, the rear decks stained. Easily rented, both current tenants are long term, one in place for three years, one for seven years. For the investor type wishing to keep both units rented, per owner, building should produce after all expenses a net profit in the 8 to 9% range. The long term tenants are enjoying less than market rental rates, but current rates for these units should be around $1,295/$1,395. Building has been well maintained in the last several years. Three years ago the crawl space was reconditioned with an interior drainage system feeding into three sump pumps, buried drainage lines for rear gutters, new gravel, plastic, cleaned, sealed and now conditioned by the new HVAC systems. No problems below the floor! Building is just 16 years old. Good steady income with potential for more at current market rates, Newburgh location.
Listing Information
Property Type: Single Family, Duplex
10 4 Full/2 Half
18 0.35 Acres 4,474 (approx)
$56.97 2001 1.5
Ohio//
None
4,474 Sq. Ft. (approx)
Sump Pump
City Sewer
City
Neighborhood
School Information
District: Warrick County School Corp.
NEWBURGH CASTLE NORTH CASTLE
Room Information
Bathrooms
4 2
First Floor Laundry
Eat-In Kitchen
Interior Features
Dishwasher, Microwave, Refrigerator, Window Treatments, Electric Range/Cooktop, Electric Oven
Laminate, Carpet
Central Air
Gas Heat, Forced Air
Crawl
3
Smoke Alarm, Window Treatment
Exterior / Lot Features
Attached Garage
Deck
Shingle
80x120
Level
Full, Partial, Privacy Fence, Wood
Sidewalks, Garage, Level
Driving Directions
E on 66, south on 261, East on Alexandra.
Financial Considerations
87-12-27-412-006.000
$2,307
Listing Price History

Newburgh Real Estate

Newburgh is located in Indiana. Newburgh, Indiana 47630 has a population of 3,277.

The median household income in Newburgh, Indiana 47630 is $46,906. The median household income for the surrounding county is $62,747 compared to the national median of $53,482. The median age of people living in Newburgh 47630 is 43.7 years.

Loading nearby sales and history ...
Courtesy: ERA FIRST ADVANTAGE REALTY, INC Kenny Martin
Information is provided exclusively for 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. IDX information provided by the Indiana Regional MLS. All rights reserved.
Information is deemed reliable but is not guaranteed.

Ask a Question?
Send Now
Start a no spam email conversation
My Drive Time
Enter your work address to view actual drive times with traffic for this property

No    Yes

Calculate & Save Calculating ...
Calculating ...
Here is the weekday INRIX Drive Time from this property to .

When you register, you will receive ...

Weekday drive times
Plus all these great features

  • Drive Time calculations that inform you about traffic conditions from the property you are interested in to your place of work, along with driving directions.
  • Automatic Drive Time calculations for every property. Simply enter your work address to start.
  • Access to INRIX Drive Time data that is used by Garmin, Pioneer, Toyota, and many other well-known companies.
  • Other benefits from being a registered user including: saved properties, saved searches, price alerts, notes, direct access to your agent and much more!

Register or login today to take advantage of Drive Time
Nearby homes for sale
Recent sales nearby