106 North Franklin Street

Greenfield, IN 46140

$350,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This investment property, featuring two addresses and three separate, fully remodeled units, offers a fantastic opportunity for both short-term and long-term rental income. Located at 106 and 108, each unit comes fully furnished and shares a large common laundry space, making it ideal for traveling professionals or event-goers. The first address, 106, includes a spacious main floor unit with a large foyer, bedroom, living room, and kitchen. Additionally, it offers an efficiency unit that features...This investment property, featuring two addresses and three separate, fully remodeled units, offers a fantastic opportunity for both short-term and long-term rental income. Located at 106 and 108, each unit comes fully furnished and shares a large common laundry space, making it ideal for traveling professionals or event-goers. The first address, 106, includes a spacious main floor unit with a large foyer, bedroom, living room, and kitchen. Additionally, it offers an efficiency unit that features a main floor foyer and a charming reading nook or extra storage space. The second address, 108, is a second-floor studio space boasting a generous living, bedroom, and kitchen area. The property also includes an oversized one car garage and paved parking. Currently, all three units are exclusively utilized as Furnished Finder or Airbnb rentals, achieving an impressive occupancy rate of over 90% (July 2023 - June 2024), with several bookings projected into next year. Most tenants are traveling professionals who rent on a monthly basis, though the property has also attracted visitors attending major events in Indianapolis, such as the Indy 500. With a successful rental model already in place, this property holds great potential for continued short-term rentals or could be easily transitioned to long-term tenants. Operating Expenses and Net Income listed below are average monthly. Don't miss out on this instant income producing property!
  1. Listed by Melissa Ewald • Level Up Real Estate Group • MelissaEwaldRealtor@gmail.com

Property Details for 106 North Franklin Street

Subdivision Name
Boyd Acres
Township
Center
Waterfront
No
LISTING UPDATED: 08/19/2024 06:38 PM

Property Details for 106 North Franklin Street

StatusActive
MLS #21995048
Days on Market125
Taxes$479 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1940
Lot Size0.11 AC / 4,791 SF
CountyHancock County

Building Information for 106 North Franklin Street

Stories-Residences3Year Built1940Building Size-Lot Size0.11 AC / 4,791 SF

Property Information for 106 North Franklin Street

Summary
Location and General Information
  • City: Greenfield
  • County Or Parish: Hancock
  • Directions: GPS Friendly
  • Postal Code: 46140
  • Road Access: Not Applic
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Parcel Number: 300731402052000009
  • Semi Annual Property Tax Amt: 479
  • Tax Year: 2023
  • TaxLot: 50
School Information
  • High School: Greenfield-Central High School
  • Middle Or Junior School: Greenfield Central Junior High Sch
  • School District: Greenfield-Central Com Schools
Owner
  • Owner Pays: All Utilities
Parking
  • Carport Spaces: 0.0
  • Garage Spaces: 1.0
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Apt<20
  • Lot Description: City Lot, Sidewalks, Street Lights
  • Lot Size Square Feet: 4792.0
  • Lot Size Acres: 0.11
  • New Construction: False
  • Structure Type: Triplex
  • Year Built Numeric: 1940
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: Yes
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: No
  • Operating Expense: 503.0
Interior and Exterior Features
Interior Features
  • Basement Description: Unfinished
  • Basement YN: Yes
  • Levels: Two
  • Laundry Features: Common Laundry, Main Level
  • Multi Baths: 3
  • Multi Beds: 3
Multi Family
Multi-Family Information
  • Total Units: 3
  • Garage Parking: 1 Car Garage, Paved Area
Income & Expenses
  • Expenses: 627
  • Net Operating Income: $2,429.00
  • Gross Income: $3,057.00
Unit 1
  • Unit Kitchen: 84
  • Unit Levels: 2
  • Unit Miscellaneous: Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Wall Unit,Heat Other
  • Unit Type Type: Studio
Unit 2
  • Unit Kitchen: 139
  • Unit Levels: 2
  • Unit Miscellaneous: Refrigrater,Other
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Elec,Heat Forced
  • Unit Type Type: Efficiency
Unit 3
  • Unit Kitchen: 107
  • Unit Levels: 1
  • Unit Miscellaneous: Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced
  • Unit Type Type: 1 Bedroom

Property History for 106 North Franklin Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 106 North Franklin Street

Taxable ValueLand$27,600Additions$7,500Total$35,100
Tax Record2019$1,518 ($126 / month)
Home Facts
Baths1Total Finished SqFt2,080 SqFtAbove Grade Finished SqFt2,080 SqFtUnfinished Basement SqFt1,038 SqFtStories2Lot Size4,792 SqFtStyleDuplexYear Built1940Year Renovated1940CountyHANCOCKAPN30-07-31-402-052.000-009

Schools near 106 North Franklin Street

This home is within Greenfield-Central Com Schools.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - 4 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Weston Elementary School
PublicK to 3

Greenfield Intermediate School
Public4 to 6

Greenfield Central Junior High School
Public7 to 8

Greenfield-Central High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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106 North Franklin Street is a multi-family home for sale in Greenfield, IN 46140. This property was listed for sale on August 15, 2024 by Level Up Real Estate Group, it's currently listed at $350,000. It has been on the market for a total of 125 days and was last sold on September 10, 2019. This listing's school district is Greenfield-Central Com Schools. Nearby schools include Weston Elementary School, Greenfield Intermediate School and Greenfield Central Junior High School. 106 North Franklin Street is a 0-bed, 0-bath, multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Level Up Real Estate Group

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.