About 627 S Frederick Street
Excellent investment opportunity in the heart of New Harmony! This income-producing 8-unit multifamily property offers a strong rental portfolio with value-add potential. The building consists of three 1-bedroom units, three 2-bedroom units, and two 3-bedroom units, providing a desirable mix of floor plans to attract a variety of tenants. Numerous recent updates have been completed, including updated HVAC systems in the majority of the units, helping reduce future maintenance costs and improve tenant comfort. A portion of the basement offers individual storage areas for tenants, while additional space presents the opportunity to add a shared laundry facility, creating the potential for an additional income stream. The property also features ample off-street parking, adding convenience for residents. Whether you're looking to expand your investment portfolio or capitalize on future upside through additional improvements, this well-located New Harmony multifamily property is one you won't want to miss.
Features of 627 S Frederick Street
| MLS® # | 202631594 |
|---|---|
| Price | $375,000 |
| Bedrooms | 8 |
| Bathrooms | 8.00 |
| Full Baths | 8 |
| Square Footage | 6,109 |
| Acres | 0.25 |
| Year Built | 1970 |
| Type | Multifamily |
| Sub-Type | Eightplex |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 627 S Frederick Street |
|---|---|
| Subdivision | Country Terrace |
| City | New Harmony |
| County | Posey County |
| State | IN |
| Zip Code | 47631 |
Amenities
| Features | Off Street Parking, Eat-In Kitchen |
|---|---|
| Parking Spaces | 20 |
| Parking | Gravel, Off Street, Paved |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Vinyl |
|---|---|
| Heating | Gas |
| Cooling | Central Air |
| # of Stories | 3 |
| Stories | Multi-Story (3+) |
| Has Basement | Yes |
| Basement | Partially Finished |
Exterior
| Exterior | Vinyl |
|---|---|
| Lot Description | Level |
| Roof | Shingle |
| Construction | No |
| Foundation | Block |
School Information
| District | MSD of Mount Vernon |
|---|---|
| Elementary | Farmersville |
| Middle | Mount Vernon |
| High | Mount Vernon |
Additional Information
| Days on Market | 37 |
|---|---|
| Zoning | Unknown |
| Foreclosure | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Not Applicable |
Listing Details
| Agent | Chadd Huffman |
|---|---|
| Office | RK Brokerage LLC |