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$375,000

122 N Washington Street Frankton, IN  46044

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Property Description for 122 N Washington Street Frankton, IN 46044

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!
QuickBuy option for home selling

Address:122 N Washington Street Frankton IN 46044
Status:Active
on site: 15 days
Price:$375,000
Bathrooms:0
Year Built:1900
Lot Size:0.11
County: Madison
Township: Pipe Creek
MLS #:22010109
Property Type:Fourplex

Lot Dimensions:4792
Road Frontage:City Street
Road Access:Access Rd
Road Surface:Asphalt, Concrete
Lot Features:City Lot, Corner Lot, Not In Subdivision, Sidewalks, Street Lights
Zoning:commercial
Building Utilities:Separate Gas Meter, Sewer, Water
Directions:GPS Friendly
Basement:Yes

Loan Price
$2,229
Price And Interest $1,956/month
Property Tax $117/month
MTG INS $0/month
HOME INS $156/month
Price
$375,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$117/month
Home Owner Insurance
$1,872 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$702
Tax Year:2023
Other Disclosures:Not Applicable
Mandatory HOA Fee:$

Area: 4804 - Madison - Pipe Creek
Subdivision: No Subdivision
Zip Code:46044

Middle School:Lapel Middle School

Exterior Features:Not Applicable
Exterior Type:Aluminum Siding, Brick, Cement Siding
Cool:Central Electric
Heat:Forced Air, Gas
Tucker Customer Care, REALTORĀ®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Listing provided courtesy of Patrick Keller with CrestPoint Real Estate from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 11/11/2024 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.





Frankton Market Report

83
Avg. DOM
$101.32
Avg. $ / Sq.Ft.
$ 225,000
Med. List Price

The house prices in Frankton are indeed dropping at the moment. There has been a decrease in price of $201,333.33. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Frankton are going Down. The average house price is $229,900.00 and the average price per square feet is $111.39 per square feet. At the moment, the amount of homes listed is exactly 27 houses, with 7 with active status, 2 with pending status and 18 sold in Frankton .

The most popular place to buy a home in Frankton is 4804 - Madison - Pipe Creek. 4804 - Madison - Pipe Creek is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Frankton .

The average amount of property taxes you would have to pay for a home in Frankton is $1,008.32. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Frankton are staying listed for an average of 78 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Frankton was 12983 minutes ago.

At the moment we have 0 open houses that you can visit.

The cost of the most expensive home in Frankton is $269,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Frankton is $126,000.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Frankton in year 1896 and the newest built house is in year 1971.

The average size of properties in Frankton is 2074.57 sq.ft. , the biggest one being 2984 sq.ft. and the smaller being 1342 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.