1636 Franklin Street

Martinsville, IN 46151

$175,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Attention investors! Here is the perfect opportunity to own a nice double in this little town! Centerton Indiana is awesome and the cash flow is "Chef's kiss" estimated at 18,000 annual income. Tenant pays gas and electric, each side metered separately, and no water or sewer bill because the home is on a well and has a septic system (newer well pump and seal). Unit facing the south has been recently remolded. There are 2 addresses, the other unit is 6115 Water St. boasting a new shower stall. Exterior...Attention investors! Here is the perfect opportunity to own a nice double in this little town! Centerton Indiana is awesome and the cash flow is "Chef's kiss" estimated at 18,000 annual income. Tenant pays gas and electric, each side metered separately, and no water or sewer bill because the home is on a well and has a septic system (newer well pump and seal). Unit facing the south has been recently remolded. There are 2 addresses, the other unit is 6115 Water St. boasting a new shower stall. Exterior landscaping is fresh and new. Taxes are low. Elementary school and playground right down the street. Combined rent is $1650 per month. That's all we know right now!
  1. Listed by Beth Adams • Carpenter, REALTORS® • cadams@callcarpenter.com

Property Details for 1636 Franklin Street

Architectural Style
Ranch
Subdivision Name
Hadley Highlands
Township
Clay
LISTING UPDATED: 01/14/2025 05:37 PM

Property Details for 1636 Franklin Street

StatusActive
MLS #21999390
Days on Market68
Taxes$449 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1950
Lot Size0.16 AC / 6,969 SF
CountyMorgan County

Building Information for 1636 Franklin Street

Stories-Residences2Year Built1950Building Size-Lot Size0.16 AC / 6,969 SF

Property Information for 1636 Franklin Street

Summary
Location and General Information
  • City: Martinsville
  • County Or Parish: Morgan
  • Directions: From Mooresville go south on 67 then East toward Centerton (look for the Marathon gas Station). Turn North to home on the corner of Water and Franklin.
  • Postal Code: 46151
  • Postal Code Plus4: 9572
  • Road Access: Access Rd
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 550535362006000006
  • Semi Annual Property Tax Amt: 449
  • Tax Year: 2023
  • TaxLot: 5
  • Tax Block: 4
School Information
  • Elementary School: Centerton Elementary School
  • High School: Martinsville High School
  • Middle Or Junior School: John R. Wooden Middle School
  • School District: MSD Martinsville Schools
Property
Lot Information
  • Acreage: <1/4 Acre
  • Building Information: Other
  • Current Use: Residential
  • Gross Area SQFT: 1232
  • Lot Description: Corner Lot
  • Lot Size Square Feet: 6752.0
  • Lot Size Acres: 0.16
  • New Construction: False
  • Structure Type: FreeStand
  • Year Built Numeric: 1950
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: Yes
  • Inspection Warranties: Warranty Homebuyers
  • Legal Subdivision: Lot 5 Blk 4 Centerton S 1/2
  • Photos Count: 13
  • Property Attached: No
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Road Surface Type: Asphalt
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Building Utilities: Separate Gas Meter,Private Well,Septic System
  • Solid Waste: No
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Foundation Details: Block
Interior Features
  • Basement YN: No
  • Cooling: Central Electric
  • Levels: One
  • Laundry Features: No Laundry Facil.
  • Multi Baths: 1
  • Multi Beds: 1
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: On Street, Paved Area
Income & Expenses
  • Expenses: 3000
  • Gross Income: $19,800.00
Unit 1
  • Unit Kitchen: 0
  • 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
Unit 2
  • Unit Kitchen: 0
  • Unit Levels: 1
  • Unit Miscellaneous: Eat In Kitchen,Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced
  • Unit Type Type: 1 Bedroom

Property History for 1636 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 1636 Franklin Street

Taxable ValueLand$17,600Additions$76,600Total$94,200
Tax Record2023$898 ($75 / month)
Home Facts
Beds1Baths1Total Finished SqFt616 SqFtAbove Grade Finished SqFt616 SqFtStories1Lot Size6,752 SqFtStyleCondominiumYear Built1950CountyMORGANAPN55-05-35-362-006.000-006

Schools near 1636 Franklin Street

This home is within M S D Martinsville Schools.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 6 to 8
Public - 9 to 12
Public - PK to 4
Rating
School
Distance
Centerton Elementary School
PublicPK to 4

John R. Wooden Middle School
Public6 to 8

Martinsville High School
Public9 to 12

Brooklyn Elementary School
PublicPK to 4

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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1636 Franklin Street is a multi-family home for sale in Martinsville, IN 46151. This property was listed for sale on September 2, 2024 by Carpenter, REALTORS®, it's currently listed at $175,000. It has been on the market for a total of 68 days and was last sold on October 16, 2020. This listing's school district is M S D Martinsville Schools. Nearby schools include Centerton Elementary School, John R. Wooden Middle School and Martinsville High School. 1636 Franklin Street is a 0-bed, 0-bath, multi-family home built in 1950.

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 Carpenter, REALTORS®

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.