Item 1
1412 Dewey Street, New Albany, IN
Item Is Closed 1412 Dewey Street, New Albany, IN
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360 Degrees
1412 Dewey Street, New Albany, IN
Sold
$96,000
Timed Auction
Uptown Income Producing Duplex Online Auction
DescriptionDocumentsLocation Map
RESERVE LIFTED Selling to the Highest Bidder


Selling online to settle the Estate of Patricia Tucker, an income producing two-story duplex located just off East Main Street in Uptown New Albany in an area of renovation.

PROPERTY HIGHLIGHTS

* Income Producing Property
* Uptown New Albany Location
* Two Story 1776 Square Foot Duplex
* One Bedroom One Bath Unit Per Floor
* Seperate Gas & Electric Paid by Tenant
* $875.00 Monthly Income Potential
* Minutes to Downtown & Expressways

REAL ESTATE
Attention Investors! Two story vinyl siding duplex with 1776 square feet on a 34’ x 173’ lot located just off Main Street behind the recently renovated The Mansion on Main Assisted Living Community and Earth First.

This circa 1929 duplex home has one rental unit per floor - each having one bedroom, one bath, living room and kitchen. Each unit is equipped with a refrigerator and range, natural gas heat and central air. Tenants pay their own gas and electricity, the owner pays water and sewer. Potential monthly rental income of $875.00. Currently units are rented month to month. Ground level unit rents for $500 - will become vacant May 1st. Upper level unit rents for $375.00.

UTILITIES
Duke Energy
Vectren Gas
Indiana American Water
New Albany City Sewers

REAL ESTATE TAXES 2020/2021
New Albany City (Annual) -- $1,077.90

DEDUCTIONS 2020/2021
None

FLOOD ZONE
No

LEGAL DESCRIPTION
Part of Block 15 of the Whitehill Tract, Plat No. 173

PARCEL
22-05-02-801-390.000-008

SCHOOL CORPORATION
New Albany Floyd County Schools
Item Updates
BUYERS PREMIUM 10% Buyer’s Premium added to the hammer bid price to determine the final purchase price. REAL ESTATE TERMS A non-refundable down payment (10% of the purchase price) in the form of cash, check, or wired funds are due within 24 hours following the auction, balance due in 40 days for clear title. Taxes prorated to the day of closing. Possession at closing per tenant’s rights. Selling as is without contingencies, all inspections welcomed before the auction. See full details in the Auction Bid Packet. OPEN INSPECTION Monday, April 12, 4PM - 6PM SELLER Patricia Tucker Estate ATTORNEY J. Scott Water, IV, Special Personal Representative DIRECTIONS From State Street in New Albany, head east on Main Street 8/10 mile to right on E. 13th Street to left at the 1st cross street onto Dewey Street. Home on right.
Condition
AS-IS
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