225 W Pennsylvania Street Shelbyville, IN 46176
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 impressive numbers speak volumes about the financial viability of this investment opportunity. Moreover, with the potential for rental rate increases and property appreciation over time, the long-term returns on investment are even more promising. Rates could be nearer $900, 750, and 700.
- Property TypeMulti-Family
- NeighborhoodS B Morris Penn
- CountyShelby
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site33 Days
- MLS StatusActive
- MLS ID Number21971459
- Home Size Source Assessor
- Year Built1979
- Lot Size0.13 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Basement Unfinished
- Number of Stories 2
- Acreage 0.13
- Property Sub Type Triplex
- Attached Garage No
- Foundation Block
- Zoning None
Interior Features
- Heating Forced AirGas
Exterior Features
- Roof Asphalt
Community Features
- Township Addison
- MLS Area 7308 - Shelby - Addison