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$219,900

Listing Price

5beds

3baths

2,224sqft

5,750sqft lot

225 W Pennsylvania St, Shelbyville, IN 46176

Member Features

Find Real Estate Bargain!

  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Off Market

Single Family

Home type

95

Price / sqft

1979

Year built

Home Details

Makeup: A 2 BR, 1BR, and Studio at $750, $745, and $500. Invest in a Lucrative Triplex Generating over almost $2000 Monthly Income In today's dynamic real estate market, finding an investment opportunity that promises both stability and significant returns is paramount. Introducing a prime investment opportunity: a meticulously maintained triplex boasting three units and generating almost $2,000 (rents are on the lower side) in monthly rental income. This triplex is not just a property; it's a pathway to financial prosperity and security. Unlocking the Potential: With three distinct units, each contributing to the impressive monthly income, this triplex offers investors a rare opportunity to diversify their income streams and maximize returns. Whether you choose to rent out all three units or occupy one while leasing the others, the potential for profit is undeniable. Location, Location, Location: Situated in a highly sought-after area, this triplex benefits from its prime location, surrounded by amenities, downtown restaurants and shopping, trail heads, and convenient transportation options. The demand for rental properties in such desirable neighborhoods ensures a steady stream of potential tenants, minimizing vacancies and maximizing rental income potential. Crunching the Numbers: Let's talk figures. With around $2000 in monthly rental income and room to improve those numbers, this triplex yields an annual income that surpasses $15,000 before debt service. Such impres

Interior Details

Square Feet
  • 2224

Bedrooms
  • 5

Bathrooms
  • 3

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Central

Cooling
  • Has Cooling:

    No

  • Cooling Type:

    N/A

Fuel
  • Has Fuel:

    No

  • Fuel Type:

    N/A

Basement
  • Has Basement:

    No

  • Basement Type:

    Finished

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    No

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 5750

Water
  • Yes

Sewer
  • Yes

Parking
  • Type:

    Carport (unspecified)

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    2

Deck
  • N/A

Patio
  • N/A

Fence
  • N/A

Pool
  • N/A

Porch
  • N/A

Stoop
  • N/A

Breezeway
  • N/A

Construction Details

Number of Stories
  • 2

Style
  • N/A

Exterior
  • N/A

Foundation
  • N/A

Roof
  • N/A

Roofing Material
  • Asphalt

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2019

$1,903

$12,500

$86,400

--%

$98,900

2018

$1,819

$11,900

$83,200

--%

$95,100

2017

$1,177

$11,900

$79,000

--%

$90,900

2016

$1,187

$11,900

$46,900

--%

$58,800

2016

$1,187

$11,900

$47,400

--%

$59,300

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Average Home Price in 46176

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$165,851

2 Beds

3 Baths

1,940 Sqft

4,800 Lot (sqft)

Sold 01/09/2024

$179,179

4 Beds

2 Baths

2,532 Sqft

5,600 Lot (sqft)

Sold 12/08/2023

$142,231

3 Beds

2 Baths

2,216 Sqft

3,465 Lot (sqft)

Sold 12/04/2023

$219,900

5 Beds

3 Baths

2,224 Sqft

5,750 Lot (sqft)

Sold 04/01/2024

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Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
219,900
$
Down payment
43,980
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
1,319.4
$
HOA (Monthly)
0
$
PMI
0
$
$1,423
Your Payment
Total Monthly Payment:$1,423
Percent of Income:24%
Affordable:Yes
Get Pre-approved

Details for 225 W PENNSYLVANIA ST

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Property Debt

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Foreclosure Contact Details

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Current Owner

Transaction History