$249,900
10 beds 4 baths 2 half baths 4,434 sq. ft.
37.965056 -87.396503
FOR SALE

8055/8059 Alexandra Ln Newburgh, IN 47630

$249,900
Est. Monthly $1,092 recalculate
10 beds 4 baths 2 half baths 4,434 sf
 

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CENTURY 21 Schroering Realty
905 West Main St.
Jasper, IN 47546
812.­482.1144
812.­482.1144
CENTURY 21 Schroering Realty
905 West Main St. Jasper, IN 47546
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8055/8059 Alexandra Ln
Newburgh, IN 47630

Explore This Property

Multi-Family (2-4 Units) - Invest in your future!! Unbelievably large Newburgh duplex. This is truly a live comfortably on one side, and let the other side pay the majority of your mortgage. Make a five year plan, live here able to save tons of cash while your tenant makes your payment. Then purchase the home of your dreams, keeping this property for income. Here we have two 2,217 square foot townhouse units with five bedrooms, master on the main, four bedrooms up, 2 1/2 baths, living room, kitchen/dining combo, laundry, front porch, rear deck, fenced back yard, and a two car garage on each side. The attached garages are a rare find in a duplex and give you that single family style of living. About four years ago, 8055 received a complete redo with new HVAC, paint, carpet, all door handles, faucets, garbage disposal, stove, dishwasher, microwave and refrigerator. At the same time 8059 received new HVAC, new stove, refrigerator, garbage disposal, and dishwasher. Seven year tenant in 8059 is moving month end September. By month end October, 8059 will be freshly painted, all new carpet, new door handles, and a new microwave. In the last month, both driveways have been sealed, the rear decks stained. Easily rented, both current tenants are long term, one in place for three years, one for seven years. For the investor type wishing to keep both units rented, per owner, at full asking price, building should produce after all expenses a net profit of 9%. The long term tenants are enjoying less than market rental rates, but current rates for these units should be around $1,295/$1,395. Building has been well maintained. Building is just 16 years old. Good steady income with potential for more at current market rates, Newburgh location.
MLS # 201732685
Courtesy Of ERA First Advantage Realty, Inc.

Property Features

  • Style: Other Style

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 3.38% APR
    $1,092Your estimated monthly payment
    $49,98020% Down Payment
    $249,900 $224,910
    purchase price loan amount
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School
    SHARON ELEMENTARY SCHOOL
    Grades K-5 | Public School

    NEWBURGH, IN 47630
    7300 SHARON RD
    812-853-3349
    1.2
    miles

    Total Students 725
    Student Teacher Ratio 24:1

    School Rating

    5 stars View School Details
    Middle School
    CASTLE NORTH MIDDLE SCHOOL
    Grades 6-8 | Public School

    NEWBURGH, IN 47630
    2800 STATE ROUTE 261
    812-853-7347
    2.1
    miles

    Total Students 800
    Student Teacher Ratio 21:1

    School Rating

    5 stars View School Details
    CASTLE SOUTH MIDDLE SCHOOL
    Grades 6-8 | Public School

    NEWBURGH, IN 47630
    3711 CASEY RD
    812-490-7930
    1.3
    miles

    Total Students 675
    Student Teacher Ratio 20:1

    School Rating

    5 stars View School Details
    High School
    CASTLE HIGH SCHOOL
    Grades 9-12 | Public School

    NEWBURGH, IN 47630
    3344 IN-261
    812-853-3331
    1.6
    miles

    Total Students 2250
    Student Teacher Ratio 21:1

    School Rating

    5 stars View School Details
    Other Nearby Schools Distance Type Grades School Rating Parent Rating
    Newburgh Christian School 0.2 mi Private PRESCHOOL-12
    Kindergate 0.3 mi Private PRESCHOOL-K
    Newburgh Elementary School 1.4 mi Public K-5
    Saint John The Baptist School 1.4 mi Catholic K-8
    Warrick County Preschool 1.6 mi Public PRESCHOOL-PRESCHOOL
    John High Castle Elementary School 1.7 mi Public K-5
    Plaza Park International Prep Academy 3.7 mi Public 6-8
    William Henry Harrison High School 4.9 mi Public 9-12

    Local Area Information for Newburgh, IN 47630

    Median Age: 40.7
    Married: 50.1%
    Number of Households: 13,711
    Households with Children: 4,555
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed.
      Sources: Maponics, LLC and Onboard Informatics ©2016. School Performance data by SchoolDigger.com. School Review data by Niche.com. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
      † Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
      The Multi-Family (2-4 Units) located at 8055/8059 Alexandra Ln, Newburgh, IN 47630 is currently for sale. 8055/8059 Alexandra Ln, Newburgh is listed for $249,900. This property has 10 bedrooms, 4 full bathrooms, 2 half bathrooms, and approximately 4,434 square feet. If the property located at 8055/8059 Alexandra Ln, Newburgh, IN isn't what you're looking for, search Indiana real estate to see other houses for sale in Newburgh.