Description
FOR SALE-1420 Spring Street in Jeffersonville, IN, also includes 1426 Spring Street and land for future development. This apartment complex is across from Clark Memorial Hospital and is just moments away from bustling Downtown Jeffersonville. The location is less than 3 miles from Downtown Louisville, Kentucky. This complex features a total of 17 renovated residential units and a newly furnished laundry room. 4 more units are PRE LEASED under CORPORATE backed master lease. Please see PRO-FORMA on BROCHURE.FEATURES: Corporate backed Master lease for all units with 13 of 17 units renovated and turned over to lessee Master lease term through August 2025 with option to extend through August 2028 0% vacancy once final units are renovated and turned to lessee Includes adjacent lots for development of 19-23 additional multi-family units or other possible uses Located in an Opportunity Zone which is 1/2 taxes on new construction...big impact on NOI.
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17BEDS
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1.12ACRES
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17BATHS
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01/2 BATHS
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21,316SQFT
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$87$/SQFT
School Ratings & Info
Description
FOR SALE-1420 Spring Street in Jeffersonville, IN, also includes 1426 Spring Street and land for future development. This apartment complex is across from Clark Memorial Hospital and is just moments away from bustling Downtown Jeffersonville. The location is less than 3 miles from Downtown Louisville, Kentucky. This complex features a total of 17 renovated residential units and a newly furnished laundry room. 4 more units are PRE LEASED under CORPORATE backed master lease. Please see PRO-FORMA on BROCHURE.FEATURES: Corporate backed Master lease for all units with 13 of 17 units renovated and turned over to lessee Master lease term through August 2025 with option to extend through August 2028 0% vacancy once final units are renovated and turned to lessee Includes adjacent lots for development of 19-23 additional multi-family units or other possible uses Located in an Opportunity Zone which is 1/2 taxes on new construction...big impact on NOI.
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