83
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$989,900
Est. payment /mo
5 Baths
5,468 SqFt
Active
1206 E Main St New Albany, IN 47150
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Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,468 sqft
Price per Sqft $181
MLS Listing ID 1713384
Style Traditional
HOA Y/N No
Abv Grd Liv Area 5,268
Year Built 1929
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Apartment
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 5268
Property Description
Commonly known as the Shipman McCord Mansion, this extraordinary circa-1866 property on historic Mansion Row in Downtown New Albany offers a rare blend of architectural significance, modern upgrades, and multiple income streams. Recently awarded the New Albany Historic Preservation Facelift Award for efforts to restore and preserve the historic homes and buildings of New Albany, this iconic property currently operates as 2 short-term rental units, 1 mid-term unit, and 1 long-term unit, with 1 newly renovated vacant unit ready for the new owner's preferred use. Two additional unfinished spaces provide future value-add potential. Over the last five years, the home has undergone extensive improvements including a new roof, exterior restoration preserving the original brick facade and wrought iron details, and reconstruction of the two-story porch/deck true to its original design. Inside, each unit has been updated for modern living while maintaining historic character through original plaster crown molding and trim, restored windows, original doors, staircases and railings, exposed brick, and hardwood floors with inlaid detail. Major updates include separate electrical meters, separate furnaces and A/C systems, and separate water heaters for all units. A rare opportunity to own one of New Albany's most iconic historic properties with flexible short-term, mid-term, long-term, owner-occupant, or mixed-use investment potential.
Location
State IN
County Floyd
Direction MAIN STREET TO 12TH STREET. PROPERTY ON THE CORNER
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Exterior
Exterior Feature Balcony, See Remarks
View Y/N No
Roof Type Shingle
Porch Deck, Patio, Porch
Garage No
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Brick
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Listed by Lopp Real Estate