Alexandra Lane,  Newburgh IN, 47630

10 beds , 4 Full/2 Half baths
Status: Active
MLS#: 201732685
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Last Updated: 8/19/2017 5:23 PM
Description for 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
10
4 Full/2 Half
201732685
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: Duplex, 1-1/2 Story
10 4 Full/2 Half
0.35 Acres $56.97 2001
1.5
Gas Water Heater, Sump Pump, Public Water Service
City Sewer
2 Total
Neighborhood
School Information
District: Warrick County School Corp.
NEWBURGH CASTLE CASTLE
Room Information
Bathrooms
4 2
Interior Features
Ceramic Tile, Carpet
Central Air
Gas Heat, Forced Air
Crawl
3
Walk-in Closets, Smoke Alarm, Foyer Entry
Exterior / Lot Features
Off Street
Deck
Asphalt
80x120/irregular
Level
Fenced Yard, Wood
Level
Financial Considerations
87-12-27-412-006.000-019
$2,200
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.

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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.

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