Address
617 W Franklin Street W, Shelbyville, IN
Price
$ 274,900
Property Attributes
  • MLS#21901996
  • TypeMulti-Family
  • CountySHELBY
  • CityShelbyville
  • AreaAddison
  • NeighborhoodL M & M Franklin
  • Zip46176
  • StyleColonial,TraditonalAmerican
  • Year Built1876
  • Taxes$ 5664
  • Price$ 274,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size8,398 SqFt
Data Source:
Metropolitan Indianapolis MLS (MIBOR)
Property Description

CASH COW! CALLING ALL INVESTORS! This converted 5 unit money maker is now up for sale! Several rehabs have taken place over the past few years, and several infrastructural improvements as well. Four 1 bedroom units and one studio. Rents are exceptional and LL pays all utilities with tenants reimbursing. Almost $50,000 of annual rent revenues.

High School
Shelbyville Sr High School
Price History
1/20/2023 Listed $324,900
3/10/2023 8% - $299,995
9/13/2023 9% - $274,900

General Features

Possession Closing
Zoning COMMERCIAL APTS
Architectural Style Colonial,TraditonalAmerican
Construction Materials Vinyl Siding
Year Built 1876
Tenant Pays All Utilities,Other
Township Addison
Property SubType Fourplex
Tax Year 2022
Current Use Apt
OwnerPays No Utilities
County Shelby
New Construction No
Property Type Residential Income
Subdivision Name L M & M Franklin
Facing Direction North
Status Active
Directions From the Circle,head West on Washington until Prospect,turn right onto Prospect,then left onto W Franklin
ModificationTimestamp 2024-01-30T15:47:07.620Z
High School Shelbyville Sr High School
City Shelbyville
Buyer Agent Compensation 3
High School District Shelbyville Central Schools
Total Units 5
MLS Area 7308 - Shelby - Addison
Lot Size Square Feet 8400
Waterfront Y/N No
Street Name Franklin
Property Attached Y/N Yes
Current Financing Conventional
Property Condition Updated/Remodeled
Additional Parcels Y/N No
Days on Market 366
Standard Status Active
Tax Lot 15
Buyer Agent Compensation Type %
Lease Amount 274900
Legal Description L M & M FRANKLIN LT15 617 W FRANKLIN ST (APTS)

Interior Features

Basement (Y/N) No
Street Suffix Street
Laundry Features No Laundry Facil.
LivingAreaSource Broker

Exterior Features

Lot Features Other
Foundation Details Block
Lot Size Acres 0.1928

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 46176

Price
AVG $230K
$270K
Taxes
AVG $3,496
$5,664
Visits
AVG 60
81
Data Provided by Inside Real Estate®
Year Built
AVG 1918
1876

Your Agent

Listed By
Justin Polston with Mackenzie Allen, Polston & Ass; JPOLSTON@MACKENZIEALLENREALESTATE.COM

Areas We Cover