304 Shelby St - Apartments FOR SALE


Vincennes, IN 47591
$670,000 USD
708-670-2032
304 Shelby St, Vincennes, IN for Sale
$670,000 USD
Apartments - FOR SALE
1/19
null | 7.7% Cap Rate

304 Shelby St
Vincennes, IN 47591


OVERVIEW

We are pleased to present this well-maintained, all-brick 12-unit multifamily property located at 304 Shelby Street in Vincennes, Indiana. Nestled in a quiet, family-friendly subdivision, this asset sits in an up-and-coming area with long-term growth potential. Approximately 75% of capital expenditures have been recently completed, offering investors a low-maintenance opportunity. Each unit features a spacious 2-bedroom, 1-bathroom layout, ideal for stable tenant demand. The property includes six coin-operated laundry machines (3 washers and 3 dryers) conveniently located on the second floor. Recent improvements include a newer roof, individual furnaces, and central air conditioning. The building is fully electric, reducing overall utility management complexity. With strong in-place fundamentals and upside potential in a growing market, 304 Shelby Street represents a compelling investment opportunity in southern Indiana.

FOR SALE DETAILS

PRICE

$670,000 USD

PRICE/SF

$53 USD /SF

# OF UNITS

12

PRICE/UNIT

$55,833

CAP RATE

7.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

R2

APN/PARCEL ID

42-12-21-109-104.000-022

ASK ABOUT THIS PROPERTY

Jeremy SlowinskiEllsbury Commercial GroupMore Info
708-670-2032

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Jeremy SlowinskiEllsbury Commercial GroupMore Info
708-670-2032

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.