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Listed by Audra Cannon • CRM Properties, Inc.
$1,600,000
Est. payment /mo
15,568 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Pending
Purchase Type For Sale
Square Footage 15,568 sqft
Price per Sqft $102
MLS Listing ID 22091645
Year Built 1967
Tax Year 2025
Lot Size 1.650 Acres
Acres 1.65
Property Sub-Type Multi-Family 5+
Property Description
Nestled in the heart of Franklin, 1410 E Jefferson Street presents a well-maintained and fully occupied 16-unit investment opportunity comprised of two attractive brick buildings, each containing 8 spacious apartments. Many units have been recently updated with vinyl plank flooring, and each unit features a functional floorplan with a large private patio or balcony, enhancing overall tenant appeal. A common area laundry facility is available for tenant use, providing an additional income stream. The buildings are thoughtfully positioned across from one another, with a large central parking lot offering approximately 40 spaces. Tenants are responsible for all utilities. With consistent rental demand in the Franklin market, this asset presents a compelling opportunity for both stable in-place income and immediate upside, making it an ideal addition for investors seeking a balance of manageability and portfolio growth. Financials available upon request. Seller financing offers will not be considered.
Location
State IN
County Johnson
Zoning RSN
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Exterior
Exterior Feature Balcony
Utilities Available Sep Electric Meter, Sewer Connected, Water Connected
View Y/N false
Building
Story Two
Foundation Crawl Space
Architectural Style Traditional
Structure Type Brick
New Construction false
Schools
Middle Schools Franklin Community Middle School
High Schools Franklin Community High School
School District Franklin Community School Corp
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