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A non-refundable down payment, 10% of the Purchase Price (Final Bid + Buyer’s Premium), in the form of cash, check, or wired funds in USD are due within 24 hours following the auction, balance due in 40 days. Buyer to receive clear title. Taxes prorated to the day of closing. Selling as is without contingencies, all inspections welcomed prior to auction. If you choose to obtain financing, not subject to approval or appraisal. All closing costs are the buyer’s expense. Possession at closing. See full details in the Auction Bid Packet.

Sells Subject to Seller Confirmation

• Tuesday, August 11, 5:00 PM – 7:00 PM
• Tuesday, August 25, 11:00 AM – 1:00 PM

Or contact us for a private showing.

Charles E. Roberson Estate

Judy Roberson

John Kraft

Selling at online auction for the Estate of Charles Roberson, this turn-of-the-century four-unit apartment building offers a rare investment opportunity just east of the heart of Downtown New Albany. The two-story building located in the East Spring Street Historic District contains four one-bedroom apartments, two units on each level with parking in rear. Ready for complete rehabilitation, the property presents an excellent opportunity for investors, contractors, or developers to restore and reposition this income-producing property in one of Southern Indiana’s most sought after downtown districts.

PROPERTY HIGHLIGHTS

• Two-Story Vinyl-Sided Four-Plex
• 2,780 Square Feet on Two Floors
• Covered Front Porch
• Four One-Bedroom Apartments
• Original Staircase & Entry Foyer
• 10 Foot Ceilings
• 28’ x 136’ Lot
• Rear Off-Street Parking with Alley Access
• Investment & Redevelopment Opportunity
• Located in the East Spring Street Historic District
• New Albany Floyd County Schools
• Minutes from Downtown New Albany
• Convenient Access to I-64 Sherman Minton Bridge

APARTMENT # 1

• Ground One-Level Apartment
• 610 Square Feet
• 10-Foot Ceilings
• Large Living Room
• Kitchen with Refrigerator & Range Oven
• One Bedroom
• Full Bath
• Gas Forced Air Furnace
• Inside Entrance off Entry Foyer

APARTMENT #2

• Second Floor Apartment
• 569 Square Feet
• 10-Foot Ceilings
• Large Living Room
• Kitchen with Refrigerator & Range Oven
• One Bedroom
• Full Bath
• Gas Forced Air Furnace
• Inside Entrance off Entry Foyer

APARTMENT #3

• Ground One-Level Apartment
• 420 Square Feet
• 10-Foot Ceilings
• Living Room
• Kitchen with Refrigerator & Range Oven
• One Bedroom
• Full Bath
• Gas Wall Furnace
• Side Outside Entrance

APARTMENT #4

• Second Floor Apartment
• 488 Square Feet
• 10-Foot & 8.6-Foot Ceilings
• Large Living Room
• Kitchen with Refrigerator & Range Oven
• One Bedroom
• Full Bath
• Gas Wall Furnace
• Rear Outside Entrance

The building retains several original architectural elements, including a period staircase and entry foyer, while offering the conveniences of separate utilities for each apartment. With rear alley access, off-street parking, and a traditional four-unit layout, the property provides a solid foundation for a complete renovation and future rental income.

BUILDING DETAILS

• 17’x12’ Utility Cellar with Outside Entrance
• Separate Gas & Electric Meters
• Separate Braker Panels
• Four Electric Water Heaters
• Four Electric 100-Amp Electrical Service Panels

NOTE

The property has been vacant for several years. The operating condition of all mechanical systems, utilities, appliances, and other improvements is unknown. The building is being sold as-is and will require complete renovation.

EAST SPRING STREET HISTORIC DISTRICT in the CITY OF NEW ALBANY

Within the locally-designated East Spring Street Historic District, any exterior alterations to buildings must be reviewed and approved in advance by the city’s Historic Preservation Commission. The historic district was established by city ordinance in 2003 to ensure the viability of the neighborhood, maintain the neighborhood’s distinctiveness, and enhance property values.

A set of design guidelines has also been adopted to ensure that any changes to structures within the city’s historic districts are compatible with the community’s historic character. More information about the Commission, including the complete design guidelines, is available on the Commission’s website, http://newalbanypreservation.com.

Contact Laura Renwick @ lrenwick@indianalandmarks.org, 812-284-4534 should you have any questions.

From State Street turn East on Spring Street. Continue nine blocks to the property on the right.