50-52 West Clinton Street
Frankfort, IN 46041
$165,000
Last Sold Price
3
Beds
5
Baths
5,180 Sq. Ft.
$32 / Sq. Ft.
5,180
Sq. Ft.
$32
per Sq. Ft.
Sold 7/3/24
Sold 7/3/24
Description
Discover a fantastic investment opportunity in the heart of downtown Frankfort! This property features both residential and retail spaces, offering versatile income potential. Currently, there are 3 apartments with the potential to add a 4th apartment by converting the common laundry area. Ideal for long-term rentals or short-term accommodations. The lower level storefront is currently used as a single conjoined business but can be easily divided into 2 separate commercial spaces, perfect for retail,...Discover a fantastic investment opportunity in the heart of downtown Frankfort! This property features both residential and retail spaces, offering versatile income potential. Currently, there are 3 apartments with the potential to add a 4th apartment by converting the common laundry area. Ideal for long-term rentals or short-term accommodations. The lower level storefront is currently used as a single conjoined business but can be easily divided into 2 separate commercial spaces, perfect for retail, office, or service-based businesses. Situated in bustling downtown Frankfort, this property benefits from high foot traffic, excellent visibility, and convenient access to local amenities, shops, and restaurants. The flexible floor plan allows for maximizing rental income and significant value appreciation. Don’t miss out on this unique opportunity to own a versatile investment property in a thriving location. Whether you're looking to expand your real estate portfolio or start a new business venture, this property offers endless possibilities.
- Listed by Jazah Jones • BerkshireHathaway HS IN Realty
Property Details for 50-52 West Clinton Street
Style
Attached
SubdivisionNone
WaterfrontNo
Water FeaturesNone
Pet RestrictionsNo
LISTING UPDATED: 07/08/2024 03:28 PM
Property Details for 50-52 West Clinton Street
| Status | Sold |
|---|---|
| MLS # | 202422193 |
| Days on Market | 4 |
| Taxes | $2,144 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family / Apartment Building |
| Year Built | 1900 |
| County | Clinton County |
Building Information for 50-52 West Clinton Street
Building/Complex50-52 W Clinton StFloor-Stories2Residences6Pet Policy-Year Built1900Building Size-
Property Information for 50-52 West Clinton Street
Summary
Location and General Information
- Area: Clinton County
- City: Frankfort
- Zip Code: 46041
- City Zoning: C1
- County Zoning: C1
- State: IN
- Township: Center
- Cross Street: Main St
- Geo Latitude: 40
- Geo Longitude: -87
- Road Access: City
- Inside City Limits: Yes
- Zoning Description: C/I Building C 01
- Fips Code: 18023
- Directions To Property: From 28 Go North on Main st, West on Clinton St.
- Location: City/Town/Suburb
Taxes and HOA
- Association Dues $: $.00
- Assoc Dues Frequency: Not Applicable
- Assoc Restrictions: No
- Year Taxes Payable: 2024
- Parcel Number Id: 12-10-10-225-012.000-021
School Information
- School District: Community Schools of Frankfort
- Elementary: Suncrest
- Middle School: Frankfort
- High School: Frankfort
Parking
- Number Of Parking Spaces: 3
- Parking: Street
Virtual Tour
- Unbranded Virtual Tour: https://www.propertypanorama.com/instaview/irmls/202422193
Property
Lot Information
- Class: INVESTMENT
- Property Subtype: Apartment Building
- Approx Lot Size Acres: 0.12
- Lot Dimensions: 38x132
- Below Grade Unfin Sqft: 0.0
- Total Square Feet: 5180.0
- Upper Level Sqft: 1592.0
- Approx Lot Size Sqft: 5016.0
- Above Grade Finished Sqft: 5180.0
- Below Grade Finished Sqft: 0.0
- Total Below Grade Sqft: 0.0
- Total Finished Sqft: 5180.0
- Above Grade Unfin Sqft: 0.0
- Lot Description: Level
- Main Level Sqft: 1794.0
- Outbuilding Length: 38.0
- Outbuilding Sqft: 5016
- Outbuilding Width: 132.0
Property and Assessments
- New Construction: No
- Year Built: 1900
- Age: 124
- Documents Available: LBP Form, Sellers Disclosure, Other
- Government Subsidized: No
- Planned Unit Development: No
Green Features
- Exemptions: No Exemptions
Utilities
- Electric Company: Frankfort Munic. Util.
- Gas Company: CenterPoint Energy
- Sewer: City
- Water Utility: City
- Water Type: None
- Water Access: None
Interior and Exterior Features
Exterior Features
- Amenities: Storage, Ceiling-9+
- Common Amenities: Laundry Facilities
- Driveway: None
- Exterior: Brick, Masonry
- Fence: None
- Outbuilding: None
- Platted: Yes
- Pool: No
- Road Surface: Paved
- Roof Material: Flat, Rubber
Interior Features
- Number of Electric Meters: 2
- Number of Gas Meters: 2
- Number of Dishwashers: 0
- Number of Disposals: 0
- Number of Dryers: 1
- Number of Microwaves: 0
- Number of Ranges/Ovens: 3
- Number of Refrigerators: 3
- Number of W/D Hookups: 2
- Number of Washers: 1
- Number Water Meters: 0
- Basement Material: Poured Concrete
- Basement: No
- Basement/Foundation: Slab
- Cooling: Central Air, Window
- Flooring: Carpet, Concrete, Laminate, Tile
- Heating/Fuel: Electricity, Gas, Baseboard, Forced Air
- Stories: 2
- Number of Above Grade Bedrooms: 3
- Number of Below Grade Baths: 0
- Number of Below Grade Bedrooms: 0
- Total Number of Bedrooms: 3
- Total Number of Full Baths: 5
- Total Number of Half Baths: 0
- Total Baths: 5
- Number Total Rooms Below Grade: 0
- Num Of 1 Bedrooms: 1
- Num Of 2 Bedrooms: 0
- Num Of 3 Bedrooms: 0
- Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
- Number of People Allowed: 5
- Num of Efficiencies: 3
- Num of Units Rented: 5
- Number of Buildings: 1
- Number of Units: 6
- Restrictions: No
Income & Expenses Information
- Annual Electric Expense: $.00
- Annual Fuel Expense: $.00
- Annual Gross Rent $: $31,680
- Annual Insurance Expense: $1,100
- Annual Maint. Expense: $0
- Annual Misc: $0
- Annual Net Income: $28,436
- Annual Property Tax: $2,144
- Annual Trash Expense: $0
- Annual Water/Sewer Exp: $0
- Gross Monthly Income: $2,640
- Gross Monthly Rent: $2,640
Unit Information
Unit 1
- Unit 1-Num of Bathrooms: 1
- Unit 1-Num of Bedrooms: 0
- Unit 1-Num of Rooms: 3
- Unit 1-Basement: No
- Unit 1-Currently Rented: Yes
- Unit 1-Deposit Amount: $.00
- Unit 1-Electric: Tenant
- Unit 1-Garage Type: None
- Unit 1-Garage: No
- Unit 1-Garage/Num of Cars: 0
- Unit 1-Gas: Tenant
- Unit 1-Laundry Room: Kitchen
- Unit 1-Lease Exp Date: 03-31-2025
- Unit 1-Level: Main
- Unit 1-Rent Frequency: Monthly
- Unit 1-Unit Number: Store
- Unit 1-Unit Rent $: $900
Unit 2
- Unit 2-Num of Bathrooms: 1
- Unit 2-Num of Bedrooms: 0
- Unit 2-Num of Rooms: 4
- Unit 2-Basement: No
- Unit 2-Currently Rented: Yes
- Unit 2-Deposit Amount: $.00
- Unit 2-Electric: Tenant
- Unit 2-Garage Type: None
- Unit 2-Garage: No
- Unit 2-Garage/Num of Cars: 0
- Unit 2-Gas: Tenant
- Unit 2-Laundry Room: None
- Unit 2-Lease Exp Date: 03-31-2025
- Unit 2-Level: Main
- Unit 2-Rent Frequency: Monthly
- Unit 2-Unit Number: Store
- Unit 2-Unit Rent $: $0
Unit 3
- Unit 3-Num of Bathrooms: 1
- Unit 3-Num of Bedrooms: 0
- Unit 3-Num of Rooms: 2
- Unit 3-Basement: No
- Unit 3-Currently Rented: Yes
- Unit 3-Deposit Amount: $.00
- Unit 3-Electric: Owner
- Unit 3-Garage Type: None
- Unit 3-Garage: No
- Unit 3-Garage/Number of Cars: 0
- Unit 3-Gas: None
- Unit 3-Laundry Room: Other
- Unit 3-Lease Exp. Date: 06-25-2024
- Unit 3-Level: Upper
- Unit 3-Rent Frequency: Weekly
- Unit 3-Unit Number: Apt 1
- Unit 3-Unit Rent $: $150
Unit 4
- Unit 4-Num of Bedrooms: 1
- Unit 4-Num of Rooms: 3
- Unit 4-Basement: No
- Unit 4-Currently Rented: Yes
- Unit 4-Deposit Amount: $.00
- Unit 4-Electric: Owner
- Unit 4-Garage Type: None
- Unit 4-Garage: No
- Unit 4-Garage/Num of Cars: 0
- Unit 4-Gas: None
- Unit 4-Laundry Room: Other
- Unit 4-Level: Upper
- Unit 4-Rent Frequency: Monthly
- Unit 4-Unit Number: Apt 2
- Unit 4-Unit Rent $: $600
Unit 5
- Unit 5-Num of Bedrooms: 0
- Unit 5-Num of Rooms: 2
- Unit 5-Basement: No
- Unit 5-Currently Rented: Yes
- Unit 5-Deposit Amount: $.00
- Unit 5-Electric: Owner
- Unit 5-Garage Type: None
- Unit 5-Garage: No
- Unit 5-Garage/Num of Cars: 0
- Unit 5-Gas: None
- Unit 5-Laundry Room: Other
- Unit 5-Lease Exp Date: 03-15-2026
- Unit 5-Level: Upper
- Unit 5-Rent Frequency: Weekly
- Unit 5-Unit Number: Apt 3
- Unit 5-Unit Rent $: $135
Unit 6
- Unit 6-Num of Bedrooms: 0
- Unit 6-Num of Rooms: 2
- Unit 6-Basement: No
- Unit 6-Currently Rented: No
- Unit 6-Electric: Owner
- Unit 6-Garage Type: None
- Unit 6-Garage: No
- Unit 6-Garage/Num of Cars: 0
- Unit 6-Gas: None
- Unit 6-Laundry Room: Other
- Unit 6-Level: Upper
- Unit 6-Rent Frequency: Other
- Unit 6-Unit Number: Laund
- Unit 6-Unit Rent $: $0
- Unit 6-Deposit Amount: $0
Rental
Rental Information
- Lease Term: Week to Week, Month to Month, None, Renewal Options, Negotiable
- Owner Pays: Building Insurance
- Tenant Pays: Cable, Cooling, Electric, Fuel, Heating, Sewer, Trash Collection, Water
Property History for 50-52 West Clinton Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 50-52 West Clinton Street
Taxable ValueLand$14,300Additions$56,800Total$71,100
Tax Record2023$2,155 ($180 / month)
Home Facts
Total Finished SqFt5,180 SqFtAbove Grade Finished SqFt5,180 SqFtStories2Lot Size5,016 SqFtStyleMulti-Family Res (5+ Units)Year Built1900CountyCLINTONAPN12-10-10-255-012.000-021
Schools near 50-52 West Clinton Street
This home is within Community Schools Of Frankfort.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | 3 to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 2 |
Rating | School | Distance |
|---|---|---|
Green Meadows Intermediate Elementary Public3 to 5 | ||
Frankfort Middle School Public6 to 8 | ||
Frankfort Senior High School Public9 to 12 | ||
Blue Ridge Primary Elementary School PublicPK to 2 |
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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Listing Courtesy of BerkshireHathaway HS IN Realty
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