117-119 Howard Street, Shelbyville, IN 46176

Property Description

Welcome to 117-119 W. Howard St. is a fully renovated duplex in the heart of Shelbyville, offering a compelling mix of small-town charm and strong investment potential. If you're an investor seeking steady monthly cash flow from day #1, this turnkey property is a smart addition to any portfolio. Ideally located just blocks from downtown, the property offers walkable access to shops, restaurants, and local businesses, while still being a 30-minute drive from the big-city amenities of Indianapolis - truly the best of both worlds! The duplex was taken down to the studs and rebuilt just a few years ago, with upgrades that include a new roof, updated kitchens and bathrooms, fresh flooring and paint, modern appliances, updated fixtures, new decks, and more. Unit 117 features two bedrooms plus a den, a gas furnace, and central air conditioning. Unit 119 is a spacious studio with a gas furnace and window AC units. The gas, water and sewer is paid by owner and then they bill the tenants. A gravel parking pad at the rear of the property provides convenient off-street parking. With minimal yard space, exterior maintenance is simple and hassle-free. One unit is currently tenant-occupied at $825 per month, with a lease in place through March 31, 2026. The other unit was just leased at $950 per month, expiring on 5/17/26. Don't miss your chance to own a low-maintenance, income-generating asset in the welcoming and walkable town of Shelbyville!