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    1101-1103 Clinton St Frankfort, IN 46041

    For Sale
    $359,900

    Five-Unit Property, High Rental Income

    Property size:
    3,428 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional Frankfort, IN multi-family investment property presents a compelling opportunity for discerning investors. Located at 1101-1103 E Clinton Street, this property encompasses 3,428 square feet on a 0.2-acre lot. The property comprises five individual rental units, currently generating a robust monthly rental income of $4,210. This impressive cash flow is further enhanced by the recent comprehensive renovations undertaken throughout the entire building. These upgrades include brand new siding, windows, a furnace, and a water heater, significantly reducing ongoing maintenance costs and maximizing the return on investment. The property also boasts ample parking, a significant advantage for tenants and a key factor in attracting and retaining high-quality residents. The current rental rates are below market value, presenting a clear path to increase profitability through future rent adjustments. This turnkey investment property offers a blend of immediate income generation and long-term appreciation potential, making it an ideal addition to any portfolio. The property's excellent condition and strong rental history make it a truly attractive proposition. Don't miss this chance to acquire a well-maintained, high-yielding multi-family property in a desirable location. The property is priced at $359,900.

    Property Features for 1101-1103 Clinton St

    General Information

    Property type
    Residential income properties
    Square Feet
    3,428 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Clinton
    State
    Indiana
    Longitude
    -86.50017
    Latitude
    40.2803

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    FAQs

    What type of property is this?
    Residential income property - Five-Unit Property, High Rental Income
    Where is this residential income property located?
    The property is located at 1101-1103 Clinton St Frankfort, IN.
    What is the asking price?
    The asking price for this property is $359,900.
    (765) 532-7014
    Request Owner's contact information
    1101-1103 Clinton St Frankfort, IN 46041
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    Frankfort, IN 46041
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1101-1103 Clinton St Frankfort, IN 46041
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