225-227 Short Street

Winchester, IN 47394

$135,000
Price
4
Beds
4
Baths
2,700 Sq. Ft.
$50 / Sq. Ft.
2,700
Sq. Ft.
$50
per Sq. Ft.

Description

Wanting to expand your rental portfolio with a high-cash flowing asset? This property features 4, 1 bedroom apartments with overall rents totaling near $2500/month! Utilities are ratio-billed back to the tenants. Three units are rented (two long term, 1 month-to-month) and one unit is currently vacant but has washer/dryer hookups and an attached garage, so renting it out should be a breeze. 48 hour notice is a must for all showings.Wanting to expand your rental portfolio with a high-cash flowing asset? This property features 4, 1 bedroom apartments with overall rents totaling near $2500/month! Utilities are ratio-billed back to the tenants. Three units are rented (two long term, 1 month-to-month) and one unit is currently vacant but has washer/dryer hookups and an attached garage, so renting it out should be a breeze. 48 hour notice is a must for all showings.
  1. Listed by Curtis Cunningham • Wagner Auctioneering and Real Estate

Property Details for 225-227 Short Street

Style
Two Story
Subdivision
None
Waterfront
No
Pet Restrictions
Yes
LISTING UPDATED: 10/08/2024 05:11 PM

Property Details for 225-227 Short Street

StatusActive
MLS #202428797
Days on Market79
Taxes$1,604 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Fourplex
Year Built1885
Lot Size0.18 AC / 7,841 SF
CountyRandolph County

Building Information for 225-227 Short Street

Stories2Residences4Year Built1885Building Size-Lot Size0.18 AC / 7,841 SF

Property Information for 225-227 Short Street

Summary
Location and General Information
  • Area: Randolph County
  • City: Winchester
  • Zip Code: 47394
  • State: IN
  • Township: White River
  • Geo Latitude: 40
  • Geo Longitude: -85
  • Fips Code: 18135
  • Directions To Property: SR 32 to Winchester. North on N. East Street, right on Short. Property on left.
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2024
  • Parcel Number Id: 68-09-20-109-109.000-021
School Information
  • School District: Randolph Central School Corp.
  • Elementary: Willard
  • Middle School: Driver
  • High School: Winchester
Parking
  • Number Of Parking Spaces: 2
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Fourplex
  • Approx Lot Size Acres: 0.18
  • Lot Dimensions: 70x114
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 2700.0
  • Approx Lot Size Sqft: 7841.0
  • Above Grade Finished Sqft: 2700.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 2700.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Corner, Level
Property and Assessments
  • New Construction: No
  • Year Built: 1885
  • Age: 139
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Basement, Off Street Parking, Water Heater Electric
  • Exterior: Vinyl
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 4
  • Number of Refrigerators: 4
  • Number of W/D Hookups: 1
  • Number of Washers: 0
  • Basement Material: Block
  • Basement: Yes
  • Basement/Foundation: Partial Basement
  • Cooling: None
  • Flooring: Carpet, Laminate
  • Heating/Fuel: Electricity
  • Stories: 2
  • Number of Above Grade Bedrooms: 4
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 4
  • Total Number of Full Baths: 4
  • Total Number of Half Baths: 0
  • Total Baths: 4
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 4
  • Num Of 2 Bedrooms: 0
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 3
  • Number of Units: 4
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $21,600
  • Annual Insurance Expense: $1,200
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $18,796
  • Annual Property Tax: $1,604
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $0
  • Gross Monthly Income: $1,800
  • Gross Monthly Rent: $1,800
Unit Information
Unit 1
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 1
  • Unit 1-Num of Rooms: 4
  • Unit 1-Basement: No
  • Unit 1-Currently Rented: Yes
  • Unit 1-Deposit Amount: $725.00
  • Unit 1-Garage Type: None
  • Unit 1-Garage: No
  • Unit 1-Laundry Room: None
  • Unit 1-Lease Exp Date: 04-30-2025
  • Unit 1-Level: Main
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: 225
  • Unit 1-Unit Rent $: $650
Unit 2
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 1
  • Unit 2-Num of Rooms: 4
  • Unit 2-Basement: Yes
  • Unit 2-Currently Rented: No
  • Unit 2-Garage Type: Attached
  • Unit 2-Garage: Yes
  • Unit 2-Garage/Num of Cars: 1
  • Unit 2-Level: Main
  • Unit 2-Unit Number: 227
Unit 3
  • Unit 3-Num of Bathrooms: 1
  • Unit 3-Num of Bedrooms: 1
  • Unit 3-Num of Rooms: 4
  • Unit 3-Basement: No
  • Unit 3-Currently Rented: Yes
  • Unit 3-Deposit Amount: $500.00
  • Unit 3-Garage: No
  • Unit 3-Laundry Room: None
  • Unit 3-Level: Upper
  • Unit 3-Rent Frequency: Monthly
  • Unit 3-Unit Number: 225.5
  • Unit 3-Unit Rent $: $555
Unit 4
  • Unit 4-Num of Bedrooms: 1
  • Unit 4-Num of Rooms: 4
  • Unit 4-Basement: No
  • Unit 4-Currently Rented: Yes
  • Unit 4-Deposit Amount: $1,190.00
  • Unit 4-Garage: No
  • Unit 4-Laundry Room: None
  • Unit 4-Lease Exp Date: 04-30-2025
  • Unit 4-Level: Upper
  • Unit 4-Rent Frequency: Monthly
  • Unit 4-Unit Number: 227.5
  • Unit 4-Unit Rent $: $595
Rental
Rental Information
  • Lease Term: Month to Month, 1 Year, Other
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance
  • Tenant Pays: Cable, Electric, Other

Property History for 225-227 Short Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 225-227 Short Street

This home is within Randolph Central School Corp.
Rating
School
Type
Grades
Distance
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 2
Rating
School
Distance
Willard Elementary School
Public3 to 5

Lee L Driver Middle School
Public6 to 8

Winchester Community High School
Public9 to 12

O R Baker Elementary School
PublicPK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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225-227 Short Street is a multi-family home for sale in Winchester, IN 47394. This property was listed for sale on August 1, 2024 by Wagner Auctioneering and Real Estate, it's currently listed at $135,000. This listing's school district is Randolph Central School Corp. Nearby schools include Willard Elementary School, Lee L Driver Middle School and Winchester Community High School. 225-227 Short Street is a 4-bed, 4-bath, 2,700 sqft multi-family home built in 1885.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Wagner Auctioneering and Real Estate

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