106 / 108 N Franklin Street
Greenfield, IN 46140
- – beds
- – baths
- – sqft
- 4,792 sqft lot
- 1940 build
This investment property, featuring two addresses and three separate, fully remodeled units, offers a fantastic opportunity for both short-term and long-term rental income. Located at 106 and 108, each unit comes fully furnished and shares a large common laundry space, making it ideal for traveling professionals or event-goers. The first address, 106, includes a spacious main floor unit with a large foyer, bedroom, living room, and kitchen. Additionally, it offers an efficiency unit that features a main floor foyer and a charming reading nook or extra storage space. The second address, 108, is a second-floor studio space boasting a generous living, bedroom, and kitchen area. The property also includes an oversized one car garage and paved parking. Currently, all three units are exclusively utilized as Furnished Finder or Airbnb rentals, achieving an impressive occupancy rate of over 90% (July 2023 - June 2024), with several bookings projected into next year. Most tenants are traveling professionals who rent on a monthly basis, though the property has also attracted visitors attending major events in Indianapolis, such as the Indy 500. With a successful rental model already in place, this property holds great potential for continued short-term rentals or could be easily transitioned to long-term tenants. Operating Expenses and Net Income listed below are average monthly. Don't miss out on this instant income producing property!
Listing courtesy of MIBOR / Level Up Real Estate Group
Last checked:
Checking…
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Last updated Aug 19, 2024
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MLS# 21995048 —
The Building
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Year Built:1940
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New Construction:false
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Levels:Two
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Basement:true
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Basement:Unfinished
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Green Certification:No
Interior
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Laundry Features:Common Laundry, Main Level
Location
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Directions:GPS Friendly
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Latitude:39.785877
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Longitude:-85.784196
The Property
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View:true
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Property Type:Residential Income
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Property Subtype:Triplex
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Parcel Number:300731402052000009
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Acres:<1/4 Acre
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Lot Features:City Lot, Sidewalks, Street Lights
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Lot Size Acres:0.11
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Lot Size SqFt:4,792 Sqft
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Price Per Acre:3181818
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Property Condition:Updated/Remodeled
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Structure Type:Triplex
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View:false
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Waterfront:false
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Fence:No
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Current Use:Apt<20
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Road Access:Not Applic
Listing Agent
- Contact info:
- Agent phone:
- (317) 813-9830
- Office phone:
- (317) 747-3755
Taxes
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Tax Lot:50
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Tax Year:2023
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Semi Annual Property Tax Amt:479
Utilities
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Solid Waste:No
Schools
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Middle Or Junior School:Greenfield Central Junior High Sch
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High School:Greenfield-Central High School
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High School District:Greenfield-Central Com Schools
The Community
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Subdivision Name:Boyd Acres
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Amenities:Fully Furnished
Parking
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Parking:1 Car Garage,Paved Area
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Parking Features:Attached, Concrete
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Garage Spaces:1
Extra Units
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# of Units Total:3
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
8/15/24
Aug 15, 2024
|
Listed / Active | MIBOR | $350,000 |