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$1,795,650

2551 N Michigan Road Shelbyville, IN  46176

Property Description
(8) Buildings totaling (16) units. (14) two bedroom (1) one bedroom (1) three bedroom. Property visible from Interstate 74. Steps from MHP Major Hospital and Interstate 74. Minutes from Horseshoe Racing Casino and Shelbyville Municipal Airport. 16 minutes or 16 miles to Indianapolis straight shot on interstate 74. Minutes from RYOBi Die Casting, PK USA, Pilington North America, and other major employers. Multiple parcels see agent remarks. Drive by Only. Rents averaging $788 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.
QuickBuy option for home selling
Address:2551 N Michigan Road Shelbyville IN 46176
Status:Withdrawn
on site: 187 days
Price:$1,795,650
Bathrooms:0
Year Built:1984
Lot Size:5.25
County: Shelby
Township: Marion
MLS #:21873420
Property Type:Multi-Family 5+

Lot Dimensions:228690
Lot Features:Other
Building Utilities:Other
Directions:From intersection of State Road 9 and Interstate 74 head north on State Road 9 to West Bassett Road head West to North Michigan Road and go North, property on left.
Loan Price
$10,589
Price And Interest $9,367/month
Property Tax $474/month
MTG INS $0/month
HOME INS $748/month
Price
$1,795,650
Down Payment %
0 %
Down Payment
$0
Property Taxes
$474/month
Home Owner Insurance
$8,976 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS
Tucker Customer Care
Tucker Mortgage
Office +317-472-9201
Courtesy of Tucker Mortgage
Semi-Annual Property Tax:$2,841
Tax Year:2022
Financial Disclosures:Not Applicable
Other Disclosures:As Is
Mandatory HOA Fee:$
Area: 7305 - Shelby - Marion
Subdivision: Subdivision Not Available See Legal
Zip Code:46176
Exterior Type:Brick
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Listing provided courtesy of Hector David Orton with BAFO

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.