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For sale 17 days ago

$35,000

2 bd 1 ba

429 Colescott St, Shelbyville, IN 46176

Residential SFR

Current Rent **

$2

Projected Rent **

$1

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Estimated Rent †

Pro Only

Estimated Rent Confidence ‡

Very High

Posted By:

Amie Lieurance

Shelbyville Fixer Upper!! Cheap house with GREAT COMPS!!!!

Check out this cheap 2/1 fixer upper in the heart of Shelbyville. There are some REALLY GREAT 2-bedroom comps in the 1/4 mile!! This one will need TLC but there is potential as a rental or a flip!! Check out the great comps below!!

Vacant and ready to show. Reply for access information.

Recent 1/4 mile leased or sold include:
409 Second - LEASED $1100/month (2/1, 1040 sf, 1-car detached, 17 DOM)
421 Colescott - LEASED $1150/month (2/1, 912 sf, 1-car detached, 46 DOM)
728 2nd St - SOLD $138k (2/1, 992 sf, 1-car detached, 6 DOM)
348 W Locust - SOLD $159k (2/1, 848 sf, no garage)
737 S West - SOLD $161k (2/1, 1101 sf, no garage, 16 DOM)
903 S Miller - SOLD $175k (2/1, 904 sf, 1-car detached, 3 DOM)

Location:

429 Colescott 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.