2235 Ekin Ave, New Albany, IN 47150

Yes, you can still find a rental that beats the 1% rule! Fully leased 4-unit building in Uptown New Albany: $3,140/month in rent, $37,680 a year. All units updated within the last two years: three 1-bedrooms and one studio. Each unit has its own furnace and separate gas and electric meters; tenants pay gas and electric.

Unit 2 has a washer and dryer. Off-street parking for 4 cars plus a grassy yard. With a full-price offer, seller will contribute up to $5,000 toward a rate buydown or buyer closing costs, plus a 1-year home warranty and do some repairs. Or you can buy it as-is at a DISCOUNTED PRICE. Floor plan, rent roll, tax record, income/expense summary and 2026 inspection report are available for you. If using this as your primary residence, you may be able to have a 5% down payment.