IN > Greenfield > Boyd Acres
Greenfield, IN 46140,106 / 108 N Franklin ST
Greenfield, IN 46140,106 / 108 N Franklin ST
Greenfield, IN 46140,106 / 108 N Franklin ST
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Jake Stiles, CLHMS

Jake Stiles, CLHMS

+1(317) 201-4092
Listed by Melissa Ewald • Level Up Real Estate Group
$350,000
Est. payment /mo
4,791 Sqft Lot
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UPDATED:

08/19/2024 10:38 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Boyd Acres

MLS Listing ID 21995048

Year Built 1940

Tax Year 2023

Lot Size 4,791 Sqft

Acres 0.11

Property Description

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!

Location

State IN

County Hancock

Rooms

Basement Unfinished

Interior

Fireplace N

Exterior

Garage Spaces 1.0

Waterfront false

View Y/N false

Parking Type Attached, Concrete

Building

Story Two

New Construction false

Schools

Middle Schools Greenfield Central Junior High Sch

High Schools Greenfield-Central High School

School District Greenfield-Central Com Schools

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Jake Stiles, CLHMS

+1(317) 201-4092

Broker | RB14032222

Broker RB14032222

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106 / 108 N Franklin ST

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