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617 W Franklin St 5 Unit Apartment Building $449,463 CAD ($89,893 CAD/Unit) 8.92% Cap Rate Shelbyville, IN 46176
EXECUTIVE SUMMARY
5 unit property in good condition, located in highly desired Shelbyville, Indiana.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$69,640
|
$24.49
|
| Other Income |
$2,490
|
$0.88
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,130
|
$25.36
|
| Taxes |
$4,515
|
$1.59
|
| Operating Expenses |
$18,477
|
$6.50
|
| Total Expenses |
$22,992
|
$8.08
|
| Net Operating Income |
$49,138
|
$17.28
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $69,640 |
| Annual Per SF | $24.49 |
| Other Income (CAD) | |
|---|---|
| Annual | $2,490 |
| Annual Per SF | $0.88 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $72,130 |
| Annual Per SF | $25.36 |
| Taxes (CAD) | |
|---|---|
| Annual | $4,515 |
| Annual Per SF | $1.59 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $18,477 |
| Annual Per SF | $6.50 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $22,992 |
| Annual Per SF | $8.08 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $49,138 |
| Annual Per SF | $17.28 |
PROPERTY FACTS
| Price | $449,463 CAD | Building Class | C |
| Price Per Unit | $89,893 CAD | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 2,844 SF |
| Cap Rate | 8.92% | No. Stories | 2 |
| No. Units | 5 | Year Built | 1876 |
| Property Type | Multifamily | Parking Ratio | 2.1/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $449,463 CAD |
| Price Per Unit | $89,893 CAD |
| Sale Type | Investment |
| Cap Rate | 8.92% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 2,844 SF |
| No. Stories | 2 |
| Year Built | 1876 |
| Parking Ratio | 2.1/1,000 SF |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| Studios | 1 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 73-11-06-100-207.000-002 | Total Assessment | $255,561 CAD |
| Land Assessment | $16,271 CAD | Annual Taxes | $4,515 CAD ($1.59 CAD/SF) |
| Improvements Assessment | $239,290 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
73-11-06-100-207.000-002
Land Assessment
$16,271 CAD
Improvements Assessment
$239,290 CAD
Total Assessment
$255,561 CAD
Annual Taxes
$4,515 CAD ($1.59 CAD/SF)
Tax Year
2024
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617 W Franklin St
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