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(SOLD) $460,000

50 W Madison Street Franklin, IN  46131

Property Description for 50 W Madison Street Franklin, IN 46131

Great Investment Opportunity! 4200 sq feet home divided into 4 apartments in the heart of downtown Franklin. Two doors down from Main & Madison, this building is fully rented and all tenants have expressed their wish to stay. Owner has remodeled interior and exterior, new electric, new plumbing, new water heaters, roof is 10 years old, new wooden staircase out back. There are 6 parking spaces available behind the building. The ground floor could be re-designed as your living space, with two rental apartments above. Or keep all 4 units! Units A & B are on lower level. Units C & D are on upper level. A & C have 2 bedrooms. D is also a 2 bedroom, but has the capability of being a 3 bedroom. Unit B has 1 bedroom.
QuickBuy option for home selling

Address:50 W Madison Street Franklin IN 46131
Status:Sold
Sold On: 5/31/2024
Price:$495,000
Bathrooms:0
Year Built:1930
Lot Size:0.17
County: Johnson
Township: Franklin
MLS #:21971404
Property Type:Fourplex

Lot Dimensions:7200
Road Access:Access Rd
Zoning:mxd
Directions:GPS Friendly
Basement:Yes

Loan Price
$2,947
Price And Interest $2,400/month
Property Tax $355/month
MTG INS $0/month
HOME INS $192/month
Price
$460,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$355/month
Home Owner Insurance
$2,304 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$2,130
Tax Year:2023
Mandatory HOA Fee:$

Area: 4105 - Johnson - Franklin
City:Franklin
Subdivision: Orig Town Of Franklin
Zip Code:46131

Exterior Features:Balcony
Cool:Central Electric
Heat:Gas, Heat Pump
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Listing provided courtesy of Frederick Paris with Smythe & Co, Inc from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 04/08/2024 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.





Franklin Market Report

71
Avg. DOM
$219.92
Avg. $ / Sq.Ft.
$ 349,998
Med. List Price

The house prices in Franklin are not dropping at the moment. There has been a increase in price of $6,022.33. 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 Franklin are going Up. The average house price is $349,997.50 and the average price per square feet is $234.42 per square feet. At the moment, the amount of homes listed is exactly 450 houses, with 76 with active status, 37 with pending status and 337 sold in Franklin .

The most popular place to buy a home in Franklin is 4105 - Johnson - Franklin. 4105 - Johnson - Franklin 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 Franklin .

The average amount of property taxes you would have to pay for a home in Franklin is $1,939.37. 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 Franklin are staying listed for an average of 63 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 Franklin was 1545 minutes ago.

At the moment we have 2 open houses that you can visit.

The cost of the most expensive home in Franklin is $2,000,000.00. 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 Franklin is $179,900.00 . 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 Franklin in year 1876 and the newest built house is in year 2024.

The average size of properties in Franklin is 1973.58 sq.ft. , the biggest one being 3713 sq.ft. and the smaller being 696 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.

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