305 N 6th St Mitchell, IN 47446
Estimated Value: $165,000 - $319,000
Highlights
- Open Floorplan
- Covered Patio or Porch
- Landscaped
- Corner Lot
- Eat-In Kitchen
- Multiple cooling system units
About This Home
As of June 2025ATTENTION INVESTORS! MULTI-UNIT RENTAL PROPERTY IN PRIME LOCATION!!! This income-generating rental property features two buildings, each with TWO units - a total of FOUR rentable units in a high demand area inside the Mitchell city limits. Each 2-bedroom, 1-bath unit is total electric and includes washer and dryer hookups for tenant convenience. Recent updates (see attachments) include new shingles on both buildings, reducing maintenance costs and increasing property values! With its prime location near shopping, dining and public transportation, this property offers strong rental potential with consistent cash flow opportunities. You will not want to miss out on this incredible investment opportunity!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,608
Year Built
- Built in 1997
Lot Details
- 6,534 Sq Ft Lot
- Lot Dimensions are 100 x 264
- Landscaped
- Corner Lot
- Level Lot
Home Design
- Duplex
- Asphalt Roof
- Vinyl Construction Material
Interior Spaces
- 1-Story Property
- Open Floorplan
- Ceiling Fan
- Fire and Smoke Detector
- Washer Hookup
Kitchen
- Eat-In Kitchen
- Laminate Countertops
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Basement
- Block Basement Construction
- Crawl Space
Parking
- 4 Parking Spaces
- On-Street Parking
Schools
- Burris/Hatfield Elementary School
- Mitchell Middle School
- Mitchell High School
Utilities
- Multiple cooling system units
- Central Air
- Multiple Heating Units
- Heat Pump System
- Electric Water Heater
Additional Features
- Covered Patio or Porch
- Suburban Location
Listing and Financial Details
- Tenant pays for cable, cooling, electric, heating, sewer, trash collection, water
- The owner pays for building insurance, lawn maintenance, maintenance
- Assessor Parcel Number 47-11-36-301-006.000-005
Community Details
Overview
- 2 Buildings
- 4 Units
Pet Policy
- Pets Allowed with Restrictions
Building Details
- 4 Separate Electric Meters
- 4 Separate Water Meters
- Insurance Expense $1,600
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Purchase Details
Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $61,500 | -- |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/16/2025 06/16/25 | Sold | $260,000 | -1.8% | $81 / Sq Ft |
| 04/02/2025 04/02/25 | For Sale | $264,900 | -- | $83 / Sq Ft |
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,924 | $243,200 | $7,600 | $235,600 |
| 2024 | $4,608 | $227,400 | $7,400 | $220,000 |
| 2023 | $4,186 | $206,300 | $7,100 | $199,200 |
| 2022 | $3,900 | $195,000 | $7,000 | $188,000 |
| 2021 | $3,494 | $174,700 | $6,700 | $168,000 |
| 2020 | $3,326 | $166,300 | $6,500 | $159,800 |
| 2019 | $3,108 | $155,400 | $6,200 | $149,200 |
| 2018 | $3,096 | $154,800 | $6,100 | $148,700 |
| 2017 | $3,292 | $164,600 | $6,000 | $158,600 |
| 2016 | $3,336 | $166,800 | $6,000 | $160,800 |
| 2014 | $3,416 | $170,800 | $6,000 | $164,800 |
Map
Source: Indiana Regional MLS
MLS Number: 202511105
APN: 47-11-36-301-006.000-005
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