540 Main Street, Tell City, IN 47586

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$175,000
Active for Sale
 
Listing ID 11525164
Property Type Commercial Building
Commercial Type Office/Storefront Retail, Residential Income
County Perry
Neighborhood Flushing
Total Tax $2,358
FEMA Flood Map fema.gov/portal
   
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INVESTMENT OPPORTUNITY with a fantastic LOCATION! Welcome to 540 Main Street! This property is currently being rented as two residential units and one commercial unit. The commercial unit features an open studio and a half bath. Recent updates include new flooring and a remodeled half bathroom. The first residential unit features 3 bedrooms and 1 bathroom while the second residential unit features a 1 bedroom and 1 bathroom. This investment opportunity is in the heart of Tell City on Main Street. Live hassle free and start collecting rent today.
Property Details
  • Partial Basement
  • Lower Level: Unfinished
Unit Information
Unit #1 – Residential Income, Net Leasable Area: 1405, Rent Price: 1025, Bedrooms: 3, Full Baths: 1, Occupied, Unit Count: 1
Unit #2 – Residential Income, Net Leasable Area: 561, Rent Price: 700, Bedrooms: 1, Full Baths: 1, Occupied, Unit Count: 1
Unit #3 – Residential Income, Net Leasable Area: 1405, Rent Price: 850, Half Baths: 1, Occupied, Unit Count: 1
Interior Features
  • Carpet Flooring
  • Vinyl Flooring
  • Forced Air
  • Central A/C
Exterior Features
  • Vinyl Siding
  • Metal Roof
  • Municipal Water
  • Municipal Sewer
Commercial Info
  • 11% Cap. Rate
Income/Expenses
  • Gross Income $30,900
  • Water Exp $6,600
  • Paid by Landlord: Electric, Heat, Water, HVAC, Insurance, Ord. Maint., Ground Maint.
Taxes and Fees
  • $2,358 Total Tax
  • Tax Year 2024
Listed By
Turnkey Realty & Property Management
Office: 812-547-5161
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