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  • $460,000

    50 W Madison St, Franklin, IN 46131

    7beds
    4baths
    --sqft
    Multi Family, Quadruplex
    Built in 1930
    -- sqft lot
    $464,800 Zestimate®
    $--/sqft
    $1,074 Estimated rent

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    $1,074/mo

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    $1,074/mo

    Rent Zestimate®

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    $2,692/mo

    Est. payment

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    $2,692/mo

    Est. payment

    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: June 03, 2024 at 10:40am

    Listing Provided by:

    Frederick Paris 317-442-0142,

    Smythe & Co, Inc,

    Michelle McClain,

    Smythe & Co, Inc

    Bought with:

    Whitney Strange

    Keller Williams Indy Metro NE

    Source: MIBOR as distributed by MLS GRID,MLS#: 21971404MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    • Main level bathrooms: 7
    Heating
    • Heat Pump
    Cooling
    • Has cooling: Yes
    Appliances
    • Laundry: Other
    Features
    • Basement: Cellar

    Property

    Parking
    • Parking features: Common, Concrete
    • Details: Unit Parking(Parking Lot)
    Features
    • Levels: Two
    • Stories: 2
    • Exterior features: Balcony
    Lot
    • Size: 7,405 sqft
    Details
    • Parcel number: 410814034006000009
    • Zoning: mxd

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Multi Family, Quadruplex
    • Attached to another structure: Yes
    Materials
    • Foundation: Brick/Mortar, Cellar
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1930

    Community & neighborhood

    Community
    • Community features: Low Maintenance Lifestyle
    Location
    • Region: Franklin
    • Subdivision: Orig Town Of Franklin
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    Estimated market value
    $464,800