617 West Franklin Street

Shelbyville, IN 46176

$274,900
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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.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.
  1. Listed by Justin Polston • Mackenzie Allen, Polston & Ass • JPOLSTON@MACKENZIEALLENREALESTATE.COM

Property Details for 617 West Franklin Street

Architectural Style
Colonial, TraditonalAmerican
Subdivision Name
L M & M Franklin
Township
Addison
Waterfront
No
Zoning
COMMERCIAL APTS
LISTING UPDATED: 07/01/2024 02:16 AM

Property Details for 617 West Franklin Street

StatusActive
MLS #21901996
Days on Market688
Taxes$2,832 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1876
Lot Size0.19 AC / 8,398 SF
CountyShelby County

Building Information for 617 West Franklin Street

Stories-Residences5Year Built1876Building Size-Lot Size0.19 AC / 8,398 SF

Property Information for 617 West Franklin Street

Summary
Location and General Information
  • City: Shelbyville
  • County Or Parish: Shelby
  • Directions: From the Circle, head West on Washington until Prospect, turn right onto Prospect, then left onto W Franklin
  • Postal Code: 46176
  • Road Access: Not Applic
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 731106100207000002
  • Semi Annual Property Tax Amt: 2832
  • Tax Exemption: None
  • Tax Year: 2022
  • TaxLot: 15
School Information
  • High School: Shelbyville Sr High School
  • School District: Shelbyville Central Schools
Owner
  • Owner Pays: No Utilities
Property
Lot Information
  • Acreage: <1/4 Acre
  • Building Information: Other
  • Current Use: Apt<20
  • Lot Description: Other
  • Lot Size Square Feet: 8400.0
  • Lot Size Acres: 0.1928
  • New Construction: False
  • Year Built Numeric: 1876
  • Living Area Source: Broker
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: Yes
  • Inspection Warranties: Not Applicable
  • Legal Subdivision: L M & M FRANKLIN LT15 617 W FRANKLIN ST (APTS)
  • Photos Count: 7
  • Property Attached: Yes
  • Property Sub Type: Fourplex
  • Property Type: Residential Income
  • Transaction Type: Lease
  • Property Condition: Updated/Remodeled
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: No
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Foundation Details: Block
Interior Features
  • Basement YN: No
  • Laundry Features: No Laundry Facil.
Multi Family
Multi-Family Information
  • Total Units: 5
  • Garage Parking: Other
Income & Expenses
  • Expenses: 12600
  • Gross Income: $49,260.00
  • Gross Scheduled Income: $49,260.00
Unit 1
  • Unit Kitchen: 13x13
  • Unit Levels: 1
  • Unit Miscellaneous: Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl None
Rental
Rental Information
  • Tenant Pays: All Utilities, Other

Property History for 617 West Franklin 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 617 West Franklin Street

Taxable ValueLand$10,900Additions$152,700Total$163,600
Tax Record2023$3,272 ($273 / month)
Home Facts
Baths5Total Finished SqFt2,884 SqFtAbove Grade Finished SqFt2,884 SqFtStories2Lot Size8,400 SqFtStyleMulti-Family Dwelling (2-4)Year Built1876CountySHELBYAPN73-11-06-100-207.000-002

Schools near 617 West Franklin Street

This home is within Shelbyville Central Schools.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 5
Rating
School
Distance
Thomas A Hendricks Elementary School
PublicK to 5

Shelbyville Middle School
Public6 to 8

Shelbyville Sr High School
Public9 to 12

St Joseph School
PrivatePK 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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617 West Franklin Street is a multi-family home for sale in Shelbyville, IN 46176. This property was listed for sale on January 20, 2023 by Mackenzie Allen, Polston & Ass, it's currently listed at $274,900. It has been on the market for a total of 688 days and was last sold on January 23, 2020. This listing's school district is Shelbyville Central Schools. Nearby schools include Thomas A Hendricks Elementary School, Shelbyville Middle School and Shelbyville Sr High School. 617 West Franklin Street is a 0-bed, 0-bath, multi-family home built in 1876.

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 Mackenzie Allen, Polston & Ass

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.