122 North Washington Street

Frankton, IN 46044

$375,000
Price
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Beds
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Description

A unique opportunity awaits in this newly renovated mixed-use property, a turn key money-maker! The commercial space spans 2,404 sq ft on the main level, and the apartments on the 2nd level are nearly 2,500 sq ft total. The entire building has new HVAC, electrical, plumbing, windows, and roof! The 3 apartments upstairs all have 2 bedrooms and 1 bathroom, and have all new everything. They are all currently leased for another year, each bringing in $1,000 per month. Each unit has its own gas and electric...A unique opportunity awaits in this newly renovated mixed-use property, a turn key money-maker! The commercial space spans 2,404 sq ft on the main level, and the apartments on the 2nd level are nearly 2,500 sq ft total. The entire building has new HVAC, electrical, plumbing, windows, and roof! The 3 apartments upstairs all have 2 bedrooms and 1 bathroom, and have all new everything. They are all currently leased for another year, each bringing in $1,000 per month. Each unit has its own gas and electric meter, meaning tenants have full control over their climate and usage needs. The main level space provides a versatile blank canvas ready to be tailored for your business vision. With a solid foundation and recent construction, this space offers flexibility for a wide range of commercial uses, from retail to office space, or even a specialized venue, such as a vet clinic, restaurant, or fitness studio/gym. The bottom level as a commercial space could bring in up to $2,000 per month in rental income. Though currently zoned commercial, the space can be switched to residential, which allows further flexibility in how the space could be used, potentially creating a 4-plex. The building is on a full basement as well, which provides ample space for storage of supplies, inventory, and equipment you may have for your business. Whether you're a business owner looking for a fresh start or an investor seeking a flexible property, this is a rare find with endless potential!
  1. Listed by Patrick Keller • CrestPoint Real Estate • patrick@CrestPointIndy.com

Property Details for 122 North Washington Street

Architectural Style
Multi-Level, Other
Subdivision Name
No Subdivision
Township
Pipe Creek
Waterfront
No
Zoning
commercial
LISTING UPDATED: 11/14/2024 05:43 PM

Property Details for 122 North Washington Street

StatusActive
MLS #22010109
Days on Market5
Taxes$702 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1900
Lot Size0.11 AC / 4,791 SF
CountyMadison County

Building Information for 122 North Washington Street

Stories-Residences4Year Built1900Building Size-Lot Size0.11 AC / 4,791 SF

Property Information for 122 North Washington Street

Summary
Location and General Information
  • City: Frankton
  • County Or Parish: Madison
  • Directions: GPS Friendly
  • Postal Code: 46044
  • Road Access: Access Rd
  • Road Frontage Type: City Street
  • State Or Province: IN
  • View: Downtown
  • View: Yes
Taxes and HOA Information
  • Parcel Number: 480531301018000028
  • Semi Annual Property Tax Amt: 702
  • Tax Exemption: None
  • Tax Year: 2023
  • TaxLot: 008
  • Tax Block: 00
School Information
  • Middle Or Junior School: Lapel Middle School
  • School District: Frankton-Lapel Community Schools
Owner
  • Owner Pays: Insurance, Taxes, Sewer, Trash Collection, Water
Parking
  • Carport Spaces: 0.0
Virtual Tour
Property
Lot Information
  • Acreage: <1/4 Acre
  • Building Information: Storage
  • Current Use: Apt<20
  • Gross Area SQFT: 4855
  • Lot Description: City Lot, Corner Lot, Not In Subdivision, Sidewalks, Street Lights
  • Lot Size Square Feet: 4792.0
  • Lot Size Acres: 0.11
  • New Construction: False
  • Possible Use: Apt<20, AutoMisc, Medical, Office, Restaurant, Retail, SpecUseRec
  • Structure Type: Quadruplex
  • Year Built Numeric: 1900
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: Yes
  • DPRYN: Yes
  • Inspection Warranties: Not Applicable
  • Legal Subdivision: Quicks 35' N Sd 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:
  • Photos Count: 82
  • Property Attached: Yes
  • Property Sub Type: Fourplex
  • Property Type: Residential Income
  • Road Surface Type: Asphalt, Concrete
  • Transaction Type: Sale
  • Web Link: https://www.patrickkeller.realtor/
  • Property Condition: Updated/Remodeled
Green Features
  • Green Certification: No
Utilities
  • Building Utilities: Separate Gas Meter,Sewer,Water
  • Solid Waste: No
  • Operating Expense: 3800.0
Interior and Exterior Features
Exterior Features
  • Construction Materials: Aluminum Siding, Brick, Cement Siding
  • Exterior Features: Not Applicable
  • Foundation Details: Block
  • Roof: Rubber
Interior Features
  • Basement Description: Full, Unfinished
  • Basement YN: Yes
  • Cooling: Central Electric
  • Heating: Forced Air, Gas
  • Levels: Two
  • Laundry Features: Common Laundry, Connections All, Main Level
Multi Family
Multi-Family Information
  • Total Units: 4
  • Garage Parking: Parking Lot, Paved Area
Income & Expenses
  • Expenses: 9300
  • Net Operating Income: $26,700.00
  • Gross Income: $36,000.00
  • Gross Scheduled Income: $60,000.00
Unit 1
  • Unit Kitchen: 80
  • Unit Levels: 1
  • Unit Miscellaneous: Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced
  • Unit Type Type: 2 Bedroom
Rental
Rental Information
  • Tenant Pays: Electricity, Gas

Property History for 122 North Washington 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 122 North Washington Street

Taxable ValueLand$3,300Additions$43,500Total$46,800
Tax Record2023$1,404 ($117 / month)
Home Facts
Total Finished SqFt4,855 SqFtAbove Grade Finished SqFt4,855 SqFtStories2Lot Size4,792 SqFtStyleMulti-Family Res (5+ Units)Year Built1900CountyMADISONAPN48-05-31-301-018.000-028

Schools near 122 North Washington Street

This home is within Frankton-Lapel Community Schools.
Rating
School
Type
Grades
Distance
Frankton Elementary School
Public - PK to 6
Frankton Jr-Sr High School
Public - 7 to 12
Rating
School
Distance
Frankton Elementary School
PublicPK to 6

Frankton Jr-Sr High School
Public7 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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More information about 122 North Washington Street, Frankton, IN 46044

122 North Washington Street is a multi-family home for sale in Frankton, IN 46044. This property was listed for sale on November 12, 2024 by CrestPoint Real Estate, it's currently listed at $375,000. It has been on the market for a total of 5 days and was last sold on March 8, 2022. This listing's school district is Frankton-Lapel Community Schools. Nearby schools include Frankton Elementary School and Frankton Jr-Sr High School. 122 North Washington Street is a 0-bed, 0-bath, multi-family home built in 1900.

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 CrestPoint Real Estate

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.