246 East Washington Street

Shelbyville, IN 46176

$900,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

(10) one bedroom units 4 blocks east of Public Square Downtown Shelbyville. Tenants pay their own utilities except for water/sewer/storm/trash. Buyer will need to underwrite their own insurance expense into their P&L as this property is part of an umbrella policy with other assets. Units averaging $645 per unit per month on rent. Drive by Only.(10) one bedroom units 4 blocks east of Public Square Downtown Shelbyville. Tenants pay their own utilities except for water/sewer/storm/trash. Buyer will need to underwrite their own insurance expense into their P&L as this property is part of an umbrella policy with other assets. Units averaging $645 per unit per month on rent. Drive by Only.
  1. Listed by Hector David Orton • BAFO

Property Details for 246 East Washington Street

Architectural Style
Colonial
Subdivision Name
NO SUBDIVISION
Township
Addison

Location

Listing Courtesy of BAFO
Add your commute
LISTING UPDATED: 08/02/2022 12:12 AM

Property Details for 246 East Washington Street

StatusActive
MLS #21873558
Days on Market641
Taxes$2,993 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Commercial Units - 5+
Year Built1964
Lot Size0.23 AC / 10,018 SF
CountyShelby County

Location

Listing Courtesy of BAFO
Add your commute

Building Information for 246 East Washington Street

Stories-Residences10Year Built1964Building Size-Lot Size0.23 AC / 10,018 SF

Payment Calculator

$5,411 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,912

Property Taxes

$499

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 246 East Washington Street

Summary
Location and General Information
  • City: Shelbyville
  • County Or Parish: Shelby
  • Directions: 4 Blocks east of Public Square head east on East Washington Street toward Hamilton Street, property on left before Hamilton Street
  • Postal Code: 46176
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 73-11-05-100-447.000-002
  • Semi Annual Property Tax Amt: 2993
  • Tax Exemption: None
  • Tax Year: 2022
School Information
  • School District: Shelbyville Central
Owner
  • Owner Pays: Lawncare, Taxes, Sewer, Trash Collection, Water
Property
Lot Information
  • Acreage: <1/4 Acre
  • Building Area Source: Assessor
  • Building Information: Other
  • Lot Description: Access Street
  • Lot Number: 0
  • Lot Size: 9801
  • MLS: MIBOR
  • Sqft Total: 0.0
  • Sq Ft Total: 0.0
  • Year Built Numeric: 1964
Property and Assessments
  • Affected by Disclosures: 0
  • Conversion: 0
  • Documents: Not Applicable
  • Inspection Warranties: Not Applicable
  • Legal Subdivision: CO AGT WASH PT LT2 (APARTMENTS)
  • Photos Count: 7
  • Property Sub Type: Commercial Units - 5+
  • Transaction Type: Sale
Green Features
  • Green Certification: 0
Utilities
  • Building Utilities: Other
  • Solid Waste: 1
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
Interior Features
  • Levels: Two
  • Laundry: Other
Room Information
Room Information
  • Rooms MU: 0
  • Rooms Total MU: 0
  • Total Rooms: 0
Bathrooms
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total Count: 0
  • Full Baths MU: 0
  • Half Baths MU: 0
Bedrooms
  • Beds MU: 0
  • Bedrooms MU: 0
  • Bedrooms Total: 0
Multi Family
Multi-Family Information
  • Total Units: 10
  • Garage Parking: Parking Lot
Income & Expenses
  • Expenses: 26887
  • Gross Operating Income: 78939
  • Net Operating Income: $46,066.00
Unit 1
  • Unit Kitchen: 11x12
  • Unit Levels: 2.0000
  • Unit Master Bedroom: 10x12
  • Unit Miscellaneous: Other
  • Unit Num of Bathrooms: 1.0000
  • Unit Num of Bedrooms: 1
  • Unit Num of Rooms: 5
  • Unit Num of Units: 10
  • Unit Rent Frequency: Monthly
  • Unit SqFt: 624
  • Unit Utilities: Other
Rental
Rental Information
  • Tenant Pays: Electricity

Property History for 246 East Washington Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 246 East Washington Street

Taxable ValueLand$51,400Additions$303,700Total$355,100
Tax Record2023$7,102 ($592 / month)
Home Facts
Total Finished SqFt6,128 SqFtAbove Grade Finished SqFt6,128 SqFtStories2Lot Size9,801 SqFtStyleMulti-Family Res (5+ Units)Year Built1964CountySHELBYAPN73-11-05-100-447.000-002

Schools near 246 East Washington 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.

Similar Homes

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246 East Washington Street is a multi-family home for sale in Shelbyville, IN 46176. This property was listed for sale on July 26, 2022 by BAFO, it's currently listed at $900,000. It has been on the market for a total of 641 days and was last sold on December 5, 2012. This listing's school district is Shelbyville Central Schools. Nearby schools include Coulston Elementary School, Shelbyville Middle School and Shelbyville Sr High School. 246 East Washington Street is a 0-bed, 0-bath, multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BAFO

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.