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$325,000

640 Mechanic Street Jeffersonville, IN  47130

  • 5 Beds
  • 3 Baths
  • 3,214 sq. Ft

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Property Description for 640 Mechanic Street Jeffersonville, IN 47130

Welcome to 640 Mechanic Street. This triplex apartment building is located in downtown Jeffersonville. This property presents an excellent investment opportunity and with just a little work could be quite the cash cow. Unit #1 covers the top floor of the main building. This unit offers 1,214 sq. ft., huge living room with abundant natural light and decorative fireplace, two bedrooms, eat-in kitchen, and full bath with tile flooring and tiled tub surround. This unit does need the most work of the three but not much beyond refinishing the hardwood floors and installing appliances. A sprawling covered front porch contains the entrances for units #1 and #2. Unit #2 covers most the of the main level addition. This unit offers 846 sq. f.t, a spacious living room, large bedroom, eat-in kitchen with all white cabinetry and the laundry area, full bath with tiled tub surround, and laminate flooring throughout. Unit #3 covers the bottom floor of the main building. This unit offers 1,154 sq. ft., large living room with ample natural light, two bedrooms, full bath, and kitchen with all white cabinetry, breakfast bar, and the laundry area. Behind the building is an enormous patio that can be enjoyed by all tenants. Don’t miss this opportunity and schedule a showing today! This property is being sold “as-is.”

Address:640 Mechanic Street Jeffersonville IN 47130
Status:Active
on site: 3 hrs 3 mins
Price:$325,000
Bedrooms:5 Beds
Bathrooms:3 Full Baths
Sq. Feet:3,214
Year Built:1926
Lot Size:0.12
County: Clark
Township: Jeffersonville
MLS #:2024012879
Property Type:Residential

Lot Dimensions:5401.44
Road Surface:Paved
Zoning:Multi Family
Water Source:Connected, Public
Directions:E. 10th Street or Court Avenue to Mechanic Street. Apartment building is located on the corner of Mechanic Street and E. 7th Street.
Upper Level Sq. Ft. :3,214
Total Sq. Ft. :3,214
Sq. Ft. Source:ListingAgent

Loan Price
$1,996
Price And Interest $1,695/month
Property Tax $166/month
MTG INS $0/month
HOME INS $135/month
Price
$325,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$166/month
Home Owner Insurance
$1,620 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Kitchen First
FullBath First
Bedroom First
PrimaryBedroom First
LivingRoom First
Other First
FullBath First
Kitchen First
PrimaryBedroom First
LivingRoom First
FullBath Second
Bedroom Second
Kitchen Second
PrimaryBedroom Second
LivingRoom Second

Semi-Annual Property Tax:$998
Mandatory HOA Fee:$

Area: Downtown
Zip Code:47130

Total Sq. Ft.:3,214
Appliances:Dryer, Oven, Range, Refrigerator, Washer
Porch / Patio:Covered, Patio, Porch
Exterior Features:Porch, Patio
Exterior Type:Brick, Frame
Cool:CentralAir
Heat:ForcedAir
Total Rooms:15
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Listing provided courtesy of John May with May Team REALTORS

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.





Jeffersonville Market Report

297
Avg. DOM
$188.97
Avg. $ / Sq.Ft.
$ 287,400
Med. List Price

The house prices in Jeffersonville are not dropping at the moment. There has been a increase in price of $71,857.14. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Jeffersonville are going Up. The average house price is $302,450.00 and the average price per square feet is $187.56 per square feet. At the moment, the amount of homes listed is exactly 106 houses, with 38 with active status, 16 with pending status and 52 sold in Jeffersonville .

The most popular place to buy a home in Jeffersonville is 13-Indiana. 13-Indiana is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Jeffersonville .

The average amount of property taxes you would have to pay for a home in Jeffersonville is $1,996.64. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Jeffersonville are staying listed for an average of 58 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Jeffersonville was 1731 minutes ago.

At the moment we have 1 open houses that you can visit.

The cost of the most expensive home in Jeffersonville is $824,500.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Jeffersonville is $129,900.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Jeffersonville in year 1926 and the newest built house is in year 2025.

The average size of properties in Jeffersonville is 1783.32 sq.ft. , the biggest one being 3600 sq.ft. and the smaller being 752 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.