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304 Shelby Street

Vincennes, IN, 47591

  • Price $660,000
  • Beds24
  • Baths12
  • Sq. Ft.9600
  • MLS #202423888
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    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. POF will be required. Rent Roll and Expenses upon request. Broker Owned
    Bedrooms
    24
    Style
    Two Story
    Bathrooms
    12
    County
    Knox County
    Lot Size
    0.2400
    Year Built
    1968
    Sq, ft. finished
    9,600sq. ft (approx.)
    Sq, ft. total
    9600sq. ft (approx)
    Subdivision
    None
    Insurance
    0.00
    Annual Taxes
    $7,112
    Association Dues
    0.00
    District
    Vincennes Community School Corp.
    Elementary
    Tecumseh-Harrison
    Middle School
    Clark
    High School
    Lincoln
    IDX information provided by the Indiana Regional MLS
    Listing provided courtesy of Mark Dietel of Mark Dietel Realty, LLC, 317-441-7887.

      Heath Klein

      Realtor/Broker
      Cell: (812) 291-2202

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    Testimonial

    Rental Review: Good People. Decent houses. My family and I rented a house with them for 2 years; never experienced a problem with them. If the toilet wasn't working or part of the house needed repair, someone was always available to fix it pretty quick.
    A.B.

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    Frequently asked questions

    Why should I get Pre Approved for a home loan?
    "Pre-approval" means you have met with a loan officer, your credit files have been reviewed and the loan officer believes you can readily qualify for a given loan amount with one or more specific mortgage programs. Based on this information, the lender will provide a pre approval letter, which shows your borrowing power. Although not a final loan commitment, the pre approval letter can be shown to listing brokers when bidding on a home. It demonstrates your financial strength and shows that you have the ability to go through with a purchase. This information is important to owners since they do not want to accept an offer that is likely to fail because financing cannot be obtained.

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    Disclaimer

    IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS

    Listing Data updated: September 7, 2024, 9:00 pm
    IDX information provided by the Indiana Regional MLS