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Listed by Gloria Gear • Keller Williams Indy Metro S
$ 450,000
Est. payment /mo
New
2455 Shelby ST Indianapolis, IN 46203
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Spann & Halloway Shelby
MLS Listing ID 22074045
Year Built 1900
Tax Year 2024
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Triplex
Property Description
Discover the inviting multi-family residence, a ready-to-move-in property awaiting its next chapter. The main level features 3 bedrooms and 1 bathroom. Two of the bedrooms, the bathroom, the living/dining area, and the kitchen are all located on the main floor, while the third bedroom is situated in a loft area upstairs that is spacious enough to include a seating area with built-in wooden shelves. Original trim, doors, and doorknobs add to the house's character. This section of the property has primarily been owner-occupied but could be rented for $1,400-$1,600 as a long-term rental and potentially for much more as a mid-term or short-term rental. The large basement houses the laundry area and is plumbed for an additional bathroom. It also contains a substantial furnace capable of heating the entire structure. However, separate mini-split systems provide heat and air conditioning for the upstairs apartments. Units 2 and 3 have their own exterior entrances and separate locked access on the second floor. Unit 2 is a studio apartment with an eat-in kitchen, while Unit 3 features a living area, bedroom and a kitchen. Both units have been rented out as mid-term rentals to traveling medical personnel for $1,100 and $1,200 per month, respectively. Furnishings are negotiable. There is also a huge attic space with a separate entrance that could be converted into a fourth apartment or used as a living/office space. The property includes a porch and a patio and the lot spans 5,009 square feet, providing ample space for various activities. Numerous upgrades make this property truly move-in ready and cash-flowing. This charming residence, located in the beautiful Garfield Park neighborhood, presents a unique opportunity to embrace comfortable living. You can either live in one area while renting out the other spaces on platforms platforms like Airbnb (short-term rental) or Furnished Finder (mid-term rental), or choose to rent out the entire property.
Location
State IN
County Marion
Rooms
Basement Interior Entry
Interior
Heating Forced Air, Natural Gas
Cooling Ductless
Fireplace N
Exterior
Exterior Feature Storage Shed
Building
Story Two
Foundation Block
Architectural Style Traditional
Structure Type Vinyl With Brick,Brick
New Construction false
Schools
School District Indianapolis Public Schools
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