304 Shelby ST Active Save Request In-Person Tour Request Virtual Tour
Vincennes,IN 47591
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 9,776 sqft
Price per Sqft $67
MLS Listing ID 22001625
Year Built 1968
Tax Year 2023
Lot Size 10,454 Sqft
Acres 0.24
Property Description
Discover a prime investment opportunity just 2 blocks from Vincennes University with this well-maintained 12-unit apartment building featuring all units as 2-bedroom, 1-bath layouts. Enjoy consistent cash flow with the property historically maintaining at least 90% occupancy. Tenants cover electric, owner pays water, sewer, and trash expenses. Due to rising demand there's substantial opportunity for rent increases, enhancing future profitability. Please call Listing Agent for showing inquiries. POF will be required. Rent Roll and Expenses upon request. Broker Owned
Location
State IN
County Knox
Zoning Mixed Residential
Interior
Heating Electric
Cooling Central Electric
Fireplace N
Exterior
Utilities Available Electricity Connected,Sewer Connected,Water Connected
Building
Story Two
Foundation Crawl Space
New Construction false
Schools
Middle Schools George Rogers Clark School
High Schools Lincoln High School
School District Vincennes Community School Corp