701 E Spring Street New Albany, IN 47150

Own a piece of HISTORIC downtown New Albany. The former St. Edward Hospital is now a 57 unit apartment complex. Rental units bring in $36,124.00/month in rent. This property has 21 one bedroom units, 30 two bedroom units, 4 three bedroom units, 1 four bedroom apartment, and a studio apartment. 1...1 of the units have dishwashers and washer dryer hookups. The main building has coin laundry on site. 8 washers and 8 dryers all brand new and owned not leased. There are several storage and maintenance rooms on the property. There is an on site office space, security room, and conference room. A children's playground in the courtyard with new playsafe rubber mulch. There are 2 passenger elevators and a freight elevator. All heat and air is run on boilers and cooling towers. The parking lot behind the property on Elm Street is also included. The listing agent is related to the seller. Continue reading