NEW ALBANY rent to own home - a townhouse or condo (4 beds, 4 baths)

Former Appraisal Office with 4 (1) Bedroom Apartment Rentals. Seller is converting office into a 4th (1) Bedroom Apartment Rental. A 2 Car arage is also included. When all units & garage are rented, revenue is $2,600/month. Owner pays all utilities currently. There are four electric meters, one for each rental unit. All 4 units are currently rented on a month to month lease.nThis property is located within the locally designated E Spring Street Historic District. Because of this local designation, any exterior alterations must be reviewed & approved by the New Albany Historic Preservation Commission. For more information about the NAHPC & a copy of the City of New Albany Design Guidelines for the local historic district, please visit www.newalbanypreservation.com. nIn addition to this local designation, the property is also listed in the National Register of Historic Places. This listing qualifies the owner to potentially take advantage of tax credits to help recoup qualified rehabilitation costs for both interior and exterior improvements. For more information, see https://www.in.gov/dnr/historicpreervation/financial-assistance/historic-tax-credit/This rent to own home is a town...

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house or condo located in NEW ALBANY. It offers 0.15 acres in size, 4 beds and 4 baths. Review its detailed information and determine if this NEW ALBANY rent to own has the qualities you are looking for.  

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Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

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