50 W Madison Street, Franklin, IN 46131

$495,000
List Price
$495,000
MLS#
21971404
Days on Market
43
Status
PENDING

Property Description

Great Investment Opportunity! 4200 sq feet home divided into 4 apartments in the heart of downtown Franklin. Two doors down from Main & Madison, this building is fully rented and all tenants have expressed their wish to stay. Owner has remodeled interior and exterior, new electric, new plumbing, new water heaters, roof is 10 years old, new wooden staircase out back. There are 6 parking spaces available behind the building. The ground floor could be re-designed as your living space, with two rental apartments above. Or keep all 4 units! Units A & B are on lower level. Units C & D are on upper level. A & C have 2 bedrooms. D is also a 2 bedroom, but has the capability of being a 3 bedroom. Unit B has 1 bedroom.

Additional Information

Expenses
15000
Tenant Pays
Electricity, Gas
Owner Pays
Ins Hazard, Insurance, Insurance, Taxes, Sewer, Trash Collection, Water
Basement
Cellar
Foundation
Brick, Cellar
Stories
Two
Architecture
TraditonalAmerican
Exterior Amenities
Balcony
Acres
0.17
Heat
Gas, Heat Pump
Cooling
Central Electric
Financing
Exchange - 1031, Cash Only, Conventional
Region
Franklin

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Smythe & Co, Inc.

Information Deemed Reliable But Not Guaranteed. © 2024 Metropolitan Indianapolis Board of REALTORS®