612 E. Main Street- "The Beehive"

Multi-Family for Sale
Catylist Listing ID: 30824465
Number of Units: 8 Units
Building Size (RSF): 5,600 SF
Gross Building Area: See Agent
Sale Price: $635,000
Unit Price: $79,375 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 11/14/2022

Overview / Comments

If you are looking for a diamond in downtown New Albany, this is it. Affectionately known as the "Beehive", and located at the Historic Mansion Row on East Main Street. This Second Empire style mansion was originally built in 1845. The top floor, with the Mansard roof, and the Italianate embellishments, were added to update the home's appearance in 1885, creating a stunning Victorian design. The interior of the home follows a traditional floor plan and has hardwood flooring along with an ornate three story staircase. There are embellishments throughout along with elaborate cast iron mantels. The home has been thoughtfully converted into 8 easy to maintain studio apartments. All units have the same layout with the exception of the bsmt units.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Floyd
Tax ID/APN: 22-05-00-200-772.000-008
Zoning: OTHER COMMERCIAL STRUCTURES
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 3
Year Built: 1845

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,906 87,909 197,975
Median Age: 34.85 36.45 36.77
Households: 6,244 36,363 83,127

Contact

Photograph of Listing Agent

Travis Adkinson

Covenant Realty LLC KCREA Member
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