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Listed by Reggie Jackson • Real Broker, LLC
$ 270,000
Est. payment /mo
Active
298 Johnson AVE Franklin, IN 46131
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Hicks & Hamilton
MLS Listing ID 22122086
Year Built 1935
Tax Year 2025
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Triplex
Property Description
Fully leased triplex in Franklin, producing from day one at $2,600/month gross - $31,200 annually - with all three units renting below current Franklin market rates. Two 1BR/1BA units plus a studio, separately metered so tenants carry their own utilities. Every unit is under lease through February 28, 2027, and these aren't turnover tenants: current residents have been in place anywhere from five to fifteen years. Built in 1935, two stories, covered front porch, on a 3,964 sq ft lot close to downtown Franklin. Maintained and rented consistently - no deferred-maintenance surprise waiting on the other side of closing. Collect the in-place income now, with room to bring rents to market as leases roll on March 1, 2027. Rent roll and expense figures available on request.
Location
State IN
County Johnson
Interior
Fireplace N
Building
Story Two
New Construction false
Schools
Middle Schools Franklin Community Middle School
High Schools Franklin Community High School
School District Franklin Community School Corp
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