304 Shelby Street

Vincennes, IN 47591

$660,000
Price
Beds
9,776 Sq. Ft.
$68 / Sq. Ft.
9,776
Sq. Ft.
$68
per Sq. Ft.

Description

Discover a prime investment opportunity just 2 blocks from Vincennes University with this well-maintained 12-unit apartment building featuring all units as 2-bedroom, 1-bath layouts. Enjoy consistent cash flow with the property historically maintaining at least 90% occupancy. Tenants cover electric, owner pays water, sewer, and trash expenses. Due to rising demand there's substantial opportunity for rent increases, enhancing future profitability. Please call Listing Agent for showing inquiries. POF...Discover a prime investment opportunity just 2 blocks from Vincennes University with this well-maintained 12-unit apartment building featuring all units as 2-bedroom, 1-bath layouts. Enjoy consistent cash flow with the property historically maintaining at least 90% occupancy. Tenants cover electric, owner pays water, sewer, and trash expenses. Due to rising demand there's substantial opportunity for rent increases, enhancing future profitability. Please call Listing Agent for showing inquiries. POF will be required. Rent Roll and Expenses upon request. Broker Owned
  1. Listed by Dillian Howard • AMR Real Estate LLC • Dillian.Howard@Amr.Group

Property Details for 304 Shelby Street

Township
Vincennes
Zoning
Mixed Residential
LISTING UPDATED: 10/24/2024 04:23 PM

Property Details for 304 Shelby Street

StatusPending
MLS #22001625
Days on Market39
Taxes$3,556 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1968
Lot Size0.24 AC / 10,454 SF
CountyKnox County

Building Information for 304 Shelby Street

Stories-Residences12Year Built1968Building Size-Lot Size0.24 AC / 10,454 SF

Property Information for 304 Shelby Street

Summary
Location and General Information
  • City: Vincennes
  • County Or Parish: Knox
  • Directions: GPS Friendly
  • Postal Code: 47591
  • Postal Code Plus4: 1430
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 421221109104000022
  • Semi Annual Property Tax Amt: 3556
  • Tax Year: 2023
  • TaxLot: 141
School Information
  • High School: Lincoln High School
  • Middle Or Junior School: George Rogers Clark School
  • School District: Vincennes Community School Corp
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Lot Size Square Feet: 10629.0
  • Lot Size Acres: 0.24
  • New Construction: False
  • Space Available: 12
  • Structure Type: Apartment Building
  • Sq Ft Total: 9776.0
  • Year Built Numeric: 1968
  • Living Area Source: Broker
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: No
  • Legal Subdivision: Harrison Add Lot 141
  • Photos Count: 7
  • Property Sub Type: Multi-Family 5+
  • Property Type: Commercial Sale
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
Interior and Exterior Features
Exterior Features
  • Foundation Details: Crawl Space
Interior Features
  • Basement YN: No
  • Cooling: Central Electric
  • Heating: Electric
  • Levels: Two
  • Laundry Features: Common Laundry
Multi Family
Multi-Family Information
  • Total Units: 12
Unit 1
  • Unit Kitchen: 250
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 2 Bedroom

Property History for 304 Shelby Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 304 Shelby Street

Taxable ValueLand$6,200Additions$342,500Total$348,700
Tax Record2023$7,231 ($603 / month)
Home Facts
Total Finished SqFt9,776 SqFtAbove Grade Finished SqFt9,776 SqFtStories2Lot Size10,629 SqFtStyleMulti-Family Res (5+ Units)Year Built1968CountyKNOXAPN42-12-21-109-104.000-022

Schools near 304 Shelby Street

This home is within Vincennes Community Sch Corp.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Washington Learning Academy
Public6 to 12

Lincoln High School
Public9 to 12

Tecumseh-Harrison Elementary School
PublicK to 5

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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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 AMR Real Estate LLC

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.