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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

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.
More about this property
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