122 N Washington ST new Save Request In-Person Tour Request Virtual Tour
Frankton,IN 46044
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22010109
Year Built 1900
Tax Year 2023
Lot Size 4,791 Sqft
Property 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 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!
Location
State IN
County Madison
Zoning commercial
Interior
Heating Forced Air,Gas
Cooling Central Electric
Exterior
Exterior Feature Not Applicable
Waterfront false
View Y/N true
View Downtown
Roof Type Rubber
Building
Story Two
Foundation Block
Structure Type Aluminum Siding,Brick,Cement Siding
New Construction false
Schools
Middle Schools Lapel Middle School
School District Frankton-Lapel Community Schools