$460,000
$495,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
50 W Madison ST Franklin, IN 46131
7,405 Sqft Lot
Key Details
Sold Price $460,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Subdivision Orig Town Of Franklin
MLS Listing ID 21971404
Sold Date 06/01/24
Year Built 1930
Tax Year 2023
Lot Size 7,405 Sqft
Acres 0.17
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.
Location
State IN
County Johnson
Zoning mxd
Rooms
Basement Cellar
Interior
Heating Gas, Heat Pump
Cooling Central Electric
Fireplace N
Exterior
Exterior Feature Balcony
Roof Type Shingle
Building
Story Two
Foundation Brick, Cellar
Architectural Style TraditonalAmerican
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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© 2024 Listings courtesy of MIBOR as distributed by MLS GRID. All Rights Reserved.