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Listed by Samuel Barron • Barron Property Services
$ 168,000
Est. payment /mo
New
1552 Shelby ST Indianapolis, IN 46203
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Bates
MLS Listing ID 22032161
Year Built 1912
Tax Year 2024
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Triplex
Property 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.
Location
State IN
County Marion
Rooms
Basement Unfinished
Interior
Heating Forced Air, Natural Gas
Cooling None
Fireplace N
Building
Story One and One Half
Architectural Style TraditonalAmerican
New Construction false
Schools
School District Indianapolis Public Schools
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