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$274,900 / month ↓$25,095on 9/13/2023

617 W Franklin Street W Shelbyville, IN  46176

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Property Description for 617 W Franklin Street W Shelbyville, IN 46176

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.
QuickBuy option for home selling

Address:617 W Franklin Street W Shelbyville IN 46176
Status:Active
on site: 693 days
Price:$274,900
Bathrooms:0
Year Built:1876
Lot Size:0.19
County: Shelby
Township: Addison
MLS #:21901996
Property Type:Rental

Lot Dimensions:8400
Road Access:Not Applic
Lot Features:Other
Zoning:COMMERCIAL APTS
Directions:From the Circle, head West on Washington until Prospect, turn right onto Prospect, then left onto W Franklin

DateOld PriceNew PricePercent Change
09/13/23 $299,995 $274,900 -8.37%
03/10/23 $324,900 $299,995 -7.67%

Area: 7308 - Shelby - Addison
City:Shelbyville
Subdivision: L M & M Franklin
Zip Code:46176

Exterior Type:Vinyl Siding

Tenant Pays:All Utilities,Other
Owner Pays:No Utilities
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 Justin Polston with Mackenzie Allen, Polston & Ass from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 01/19/2023 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.





Shelbyville Market Report

94
Avg. DOM
$143.04
Avg. $ / Sq.Ft.
$ 270,000
Med. List Price

The house prices in Shelbyville are not dropping at the moment. There has been a increase in price of $7,966.19. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Shelbyville are going Up. The average house price is $275,995.00 and the average price per square feet is $147.94 per square feet. At the moment, the amount of homes listed is exactly 303 houses, with 60 with active status, 38 with pending status and 205 sold in Shelbyville .

The most popular place to buy a home in Shelbyville is 7308 - Shelby - Addison. 7308 - Shelby - Addison is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Shelbyville .

The average amount of property taxes you would have to pay for a home in Shelbyville is $1,434.48. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Shelbyville are staying listed for an average of 86 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Shelbyville was 2078 minutes ago.

At the moment we have 9 open houses that you can visit.

The cost of the most expensive home in Shelbyville is $895,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Shelbyville is $99,000.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Shelbyville in year 1876 and the newest built house is in year 2025.

The average size of properties in Shelbyville is 2040.68 sq.ft. , the biggest one being 5904 sq.ft. and the smaller being 788 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.

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