909 North Knightstown Road

Shelbyville, IN 46176

$2,700,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

(16) one bed (20) two bed total of (36) units. Rents approximately $150 below Market. Average unit is lease currently at $593. Roofs all replaced in July 2022. Tenants pay their own utilities (gas and electric). Parking lot resealed July 2022. On Well and Septic. Rents averaging $593 compared to market rate of $920 for a 2 bedroom in Shelbyville. Upside Potential for new owner. If 112 East Locust Street can pull $920 average on a 2 bedroom. Possibility at this location is a no brainer.(16) one bed (20) two bed total of (36) units. Rents approximately $150 below Market. Average unit is lease currently at $593. Roofs all replaced in July 2022. Tenants pay their own utilities (gas and electric). Parking lot resealed July 2022. On Well and Septic. Rents averaging $593 compared to market rate of $920 for a 2 bedroom in Shelbyville. Upside Potential for new owner. If 112 East Locust Street can pull $920 average on a 2 bedroom. Possibility at this location is a no brainer.
  1. Listed by Hector David Orton • BAFO

Property Details for 909 North Knightstown Road

Architectural Style
Ranch
Subdivision Name
NO SUBDIVISION
Township
Addison

Location

Listing Courtesy of BAFO
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LISTING UPDATED: 08/02/2022 11:27 AM

Property Details for 909 North Knightstown Road

StatusActive
MLS #21873750
Days on Market642
Taxes$7,671 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Commercial Units - 5+
Year Built1979
Lot Size7.43 AC / 323,650 SF
CountyShelby County

Location

Listing Courtesy of BAFO
Add your commute

Building Information for 909 North Knightstown Road

Stories-Residences36Year Built1979Building Size-Lot Size7.43 AC / 323,650 SF

Payment Calculator

$16,014 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,735

Property Taxes

$1,279

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 909 North Knightstown Road

Summary
Location and General Information
  • City: Shelbyville
  • County Or Parish: Shelby
  • Directions: North on Knightstown Road over Interstate 74 Highway to property on left at intersection of Suburban Court
  • Postal Code: 46176
  • Road Access: AccessRd,CountyRd
  • Road Frontage Type: County Road
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 73-07-28-300-014.000-001
  • Semi Annual Property Tax Amt: 7671
  • Tax Exemption: None
  • Tax Year: 2022
School Information
  • School District: Shelbyville Central
Owner
  • Owner Pays: Insurance, Lawncare, Taxes, Trash Collection
Property
Lot Information
  • Acreage: 5-10 Acres
  • Building Area Source: Assessor
  • Building Information: Smoke Alarm
  • Lot Description: Access Street, Rural No Subdivision
  • Lot Number: 0
  • Lot Size: 329749
  • MLS: MIBOR
  • Sqft Total: 0.0
  • Sq Ft Total: 0.0
  • Year Built Numeric: 1979
Property and Assessments
  • Affected by Disclosures: 0
  • Conversion: 0
  • Documents: Not Applicable
  • Inspection Warranties: Not Applicable
  • Legal Subdivision: PT E/2 SW 28 13 7 7.43 AC 7 IMPROVEMENTSENTS
  • Photos Count: 43
  • Property Sub Type: Commercial Units - 5+
  • Road Surface Type: Asphalt
  • Transaction Type: Sale
Green Features
  • Green Certification: 0
Utilities
  • Building Utilities: Electric,Separate Electric Meter,Separate Gas Meter,Well,Private Well
  • Solid Waste: 0
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
Interior Features
  • Levels: One
  • 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: 36
  • Garage Parking: Parking Lot
Income & Expenses
  • Expenses: 80880
  • Gross Operating Income: 280000
  • Net Operating Income: $199,120.00
Unit 1
  • Unit Kitchen: 11x12
  • Unit Levels: 1.0000
  • Unit Master Bedroom: 10x12
  • Unit Miscellaneous: Range/Oven,Refrigrater
  • Unit Num of Bathrooms: 1.0000
  • Unit Num of Bedrooms: 1
  • Unit Num of Rooms: 5
  • Unit Num of Units: 16
  • Unit Rent Frequency: Monthly
  • Unit SqFt: 750
  • Unit Utilities: ClWallUnit,FuelGas,HeatBaseBd
Unit 2
  • Unit Kitchen: 11x12
  • Unit Levels: 1.0000
  • Unit Master Bedroom: 10x12
  • Unit Miscellaneous: Range/Oven,Refrigrater
  • Unit Num of Bathrooms: 1.0000
  • Unit Num of Bedrooms: 2
  • Unit Num of Rooms: 5
  • Unit Num of Units: 20
  • Unit Rent Frequency: Monthly
  • Unit SqFt: 774
  • Unit Utilities: ClWallUnit,HeatBaseBd
Rental
Rental Information
  • Tenant Pays: Electricity, Gas, All Utilities

Property History for 909 North Knightstown Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 909 North Knightstown Road

Taxable ValueLand$133,800Additions$1,031,400Total$1,165,200
Tax Record2023$18,043 ($1,504 / month)
Home Facts
Total Finished SqFt1,500 SqFtAbove Grade Finished SqFt1,500 SqFtStories1Lot Size323,651 SqFtStyleMulti-Family Res (5+ Units)Year Built1964CountySHELBYAPN73-07-28-300-014.000-001

Schools near 909 North Knightstown Road

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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Similar Sold Homes

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909 North Knightstown Road 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 $2,700,000. It has been on the market for a total of 642 days and was last sold on August 17, 2012. This listing's school district is Shelbyville Central Schools. Nearby schools include Coulston Elementary School, Shelbyville Middle School and Shelbyville Sr High School. 909 North Knightstown Road is a 0-bed, 0-bath, multi-family home built in 1979.

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.