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Archived almost 5 years ago

$49,900

1 bd 1 ba

14 W South St, Shelbyville, IN 46176

Residential SFR

Current Rent **

$600

Projected Rent **

$600

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Amie Lieurance

Excellent Duplex or Mixed Use Opportunity in the heart of Shelbyville!!

Good afternoon, Nuparadoxers! Here is a new property coming your way from downtown Shelbyville! This is a great town southeast of Indy with a lot to offer our investors. This could be a great buy and hold opportunity for you at a great price! Currently, it is set up as a mixed use duplex with a tenant in the back 1/1 and a barber set up in the front. If you have a small business, you could easily set up shop here and collect rent on the back side. Or, rent out both sides for your cash flow needs!

Houses in this area of town sell really fast, generally!

1/4 Mile Duplex Sales Include:
219-219 1/2 Locust - SOLD $78500 (2/1 and 1/1, 61 DOM)
520 S Pike - SOLD $78,500 (2/1 each side, 2 DOM)

Location:

14 W South St, Shelbyville, IN 46176

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.