1101-1103 Clinton St, Frankfort, IN 46041
- Multifamily properties
- 3,428 SF
- 0.20 lot acres
Current Use by Public Records
- Multifamily properties
Property Details for 1101-1103 Clinton St
- Year built
- 1900
- Lot size
- 0.20 lot acres
- Property type
- Multifamily properties
Description
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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Frankfort
- County
- Clinton
- State
- Indiana
- Longitude
- -86.5002
- Latitude
- 40.2803
