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50 W Madison Street Franklin, IN $ 495,000
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$ 495,000 Get more info
50 W Madison Street
$ 495,000
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50 W Madison Street

Franklin, IN, 46131
$ 495,000
Baths0.0

Monthly Estimate*

$ 3,458

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Studio

Multi-Family Home for sale in Franklin, IN

for $495,000. This home was built in 1930 on a lot size of 0.17.

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.

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Multi-Family Pending

Price

$ 495,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,260

Style

TraditonalAmerican

Lot Size

0.17

Year Built

1930

Town/City

Franklin

County/Region

Johnson

MLS | Web ID

21971404
Features
General
Heating Gas Heat Pump
Cooling Central Electric
Possession Subject To Tenants Rights
Roof Shingle
Exterior Features Balcony
Zoning mxd
Architectural Style TraditonalAmerican
Year Built 1930
Tenant Pays Electricity Gas
Township Franklin
Levels Two
Property SubType Fourplex
Tax Year 2023
Current Use Apt<20
County Johnson
New Construction N
Property Type Residential Income
Subdivision Name Orig Town Of Franklin
Facing Direction South
Status Pending
Directions GPS Friendly
High School Franklin Community High School
City Franklin
Buyer Agent Compensation 2
High School District Franklin Community School Corp
Total Units 4
MLS Area 4105 - Johnson - Franklin
Lot Size Square Feet 7200
Street Name Madison
Property Attached Y/N Y
Current Financing Exchange - 1031 Cash Only Conventional
Middle/Junior High School Franklin Community Middle School
Additional Parcels Y/N N
Days on Market 4
Structure Type Quadruplex
Standard Status Pending
Tax Lot 9
Buyer Agent Compensation Type %
Legal Description O P Pt Lot 9 Mp Franklin Communi
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Interior
Basement Cellar
Basement (Y/N) Y
Street Suffix Street
Laundry Features Other
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Exterior
Parking Features Common Concrete
Foundation Details Brick Cellar
Lot Size Acres 0.17
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* Excluded Features
List By
Smythe & Co, Inc

Broker

fredparis@fredparis.com

Email

Affordability Calculator

$3,813
Per Month
91%
9%
0%
Monthly Principal & Interest
$3,458
Monthly Property Taxes
$355
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4045176 Elementary School
4052126 Middle School
Franklin Community High School High School
See complete school information
Pricing History
Date Price Price Change Description
4/11/2024 $495,000 Listed Price

Map

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50 W Madison Street, Franklin, IN, 46131 is a Multi-Family Home for sale at $495,000 with a lot size of 0.17. 50 W Madison Street is a studio with 0.0 baths and was built in 1930. The property's zip code is 46131 which is in Franklin, IN

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