225 West Pennsylvania Street
225 West Pennsylvania Street
$219,900
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Description
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...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.
- Listed by Justin Polston • Mackenzie Allen, Polston & Ass • JPOLSTON@MACKENZIEALLENREALESTATE.COM
Property Details for 225 West Pennsylvania Street
Subdivision Name
S B Morris Penn
TownshipAddison
ZoningNone
Location
LISTING UPDATED: 04/03/2024 06:14 PM
Property Details for 225 West Pennsylvania Street
Status | Active |
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MLS # | 21971459 |
Days on Market | 35 |
Taxes | $1,471 semi-annually |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Triplex |
Year Built | 1979 |
Lot Size | 0.13 AC / 5,662 SF |
County | Shelby County |
Location
Building Information for 225 West Pennsylvania Street
Stories-Residences3Year Built1979Building Size-Lot Size0.13 AC / 5,662 SF
Payment Calculator
$1,445 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 225 West Pennsylvania Street
Property History for 225 West Pennsylvania Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 225 West Pennsylvania Street
Taxable ValueLand$11,800Additions$129,500Total$141,300
Tax Record2023$2,943 ($245 / month)
Home Facts
Beds5Baths3Total Finished SqFt2,224 SqFtAbove Grade Finished SqFt2,224 SqFtStories2Lot Size5,750 SqFtStyleSingle Family ResidenceYear Built1979CountySHELBYAPN73-07-31-400-143.000-002
Schools near 225 West Pennsylvania Street
This home is within Shelbyville Central Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Private - | PK to 5 |
Rating | School | Distance |
---|---|---|
Coulston Elementary School PublicK to 5 | ||
Shelbyville Middle School Public6 to 8 | ||
Shelbyville Sr High School Public9 to 12 | ||
St Joseph School PrivatePK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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