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$2,700,000
909 N Knightstown Rd, Shelbyville, IN 46176
0 Beds
0 Baths
n/a SqFt

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(16) one bed (20) two bed total of (36) units. Rents approximately $150 below Market. Average unit is lease currently at $593. Roofs all replaced in July 2022. Tenants pay their own utilities (gas and electric). Parking lot resealed July 2022. On Well and Septic. Rents averaging $593 compared to market rate of $920 for a 2 bedroom in Shelbyville. Upside Potential for new owner. If 112 East Locust Street can pull $920 average on a 2 bedroom. Possibility at this location is a no brainer.
  • Price:
  • $2,700,000
  • Acreage:
  • 7.43
  • Year Built:
  • 1979
  • Listing ID #:
  • MBR21873750
  • Street Address:
  • 909 N Knightstown Rd
  • City:
  • Shelbyville
  • State:
  • Indiana
  • Postal Code:
  • 46176
  • County:
  • Shelby
  • Subdivision:
  • No Subdivision
  • Listing Status:
  • Active
  • Listing Type:
  • Residential Income
  • Architecture Style:
  • Ranch
  • Construction Type:
  • Brick
  • Number Of Units:
  • 36
  • Stories:
  • One
  • Year Built:
  • 1979
  • Net Operating Income:
  • 199120
  • Road Frontage Type:
  • County Road
  • Road Type:
  • Asphalt
  • Contingency Type:
  • Act With No Contingency
  • Days On Market:
  • 65
  • Originating Mls:
  • Mibor
  • Subdivision:
  • No Subdivision
  • Township:
  • Addison
  • Owner Pays:
  • Insurance, Lawncare, Taxes, Trash Collection
  • Tax Year:
  • 2022
  • Tenant Pays:
  • Electricity, Gas, All Utilities
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By: Hector David Orton () with BAFO
  • INMIBOR