1552 Shelby Street
Indianapolis, IN 46203
0.14 acres | #22032161
Description
Investor Alert! Rare opportunity in Bates Hendricks, just a 5 minute walk to the heart of Fountain Square. This duplex comes with a third possible unit, small separate free standing house in rear, with it's own electric and gas metering. The rear structure needs a top to bottom full renovation, but has a separate address. Duplex units could do better with cosmetic updates, but are fully functional, units are boarded while vacant, all utilities are on and working in the duplex units. Duplex units have separate gas, water, and electrical meters per side, tenants pay all. Duplex units have updated furnaces and water heaters. This is a home run, great opportunity for multi-unit investment. Duplex units most recent rents were approx. $1,000 per side.
Property Details
- School DistrictIndianapolis Public Schools
- Property ConditionUpdated/Remodeled
- Property TypeMulti-Family
- BasementUnfinished
- Original List Price$168,000
- MLS #22032161
- MLS #22032161
- Property SubtypeTriplex
- CountyMarion
- Cost168000
- Structure TypeDuplex
- SubdivisionBates
- Acres0.14
- Year Built1912
Location
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Last Updated:Â . Source: MIBOR
Listing Courtesy
Listing Agent: Samuel Barron (#MBR32920)
Listing Office: Barron Property Services (#MBRSMBR01)
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