A unique opportunity awaits in this newly renovated mixed-use property, a turn key money-maker! The commercial space spans 2,404 sq ft on the main level, and the apartments on the 2nd level are nearly 2,500 sq ft total. The entire building has new HVAC, electrical, plumbing, windows, and roof! The 3 apartments upstairs all have 2 bedrooms and 1 bathroom, and have all new everything. They are all currently leased for another year, each bringing in $1,000 per month. Each unit has its own gas and electric meter, meaning tenants have full control over their climate and usage needs. The main level space provides a versatile blank canvas ready to be tailored for your business vision. With a solid foundation and recent construction, this space offers flexibility for a wide range of commercial uses, from retail to office space, or even a specialized venue, such as a vet clinic, restaurant, or fitness studio/gym. The bottom level as a commercial space could bring in up to $2,000 per month in rental income. Though currently zoned commercial, the space can be switched to residential, which allows further flexibility in how the space could be used, potentially creating a 4-plex. The building is on a full basement as well, which provides ample space for storage of supplies, inventory, and equipment you may have for your business. Whether you're a business owner looking for a fresh start or an investor seeking a flexible property, this is a rare find with endless potential!
Active
$375,000
122 N Washington St, Frankton, IN 46044
2beds
1baths
--sqft
Est.:
Multi Family, Quadruplex
Built in 1900
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 165 days
- on Zillow |
- 190 |
- 16 |
Zillow last checked: 7 hours ago
Listing updated: November 17, 2024 at 02:38pm
Listing Provided by:
Patrick Keller patrick@CrestPointIndy.com,
CrestPoint Real Estate
Source: MIBOR as distributed by MLS GRID,MLS#: 22010109

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Laundry: Common Laundry, Connections All, Main Level
Features
- Basement: Full,Unfinished
Video & virtual tour
Property
Parking
- Parking features: None
- Details: Unit Parking(Parking Lot, Paved Area)
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: Downtown
Lot
- Size: 4,791.6 Square Feet
- Features: City Lot, Corner Lot, Not In Subdivision, Sidewalks, Street Lights
Details
- Parcel number: 480531301018000028
- Zoning: commercial
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Multi Level,Other
- Property subtype: Multi Family, Quadruplex
- Attached to another structure: Yes
Materials
- Aluminum Siding, Brick, Cement Siding
- Foundation: Block
- Roof: Rubber
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1900
Community & HOA
Community
- Security: Smoke Alarm
- Subdivision: No Subdivision
Location
- Region: Frankton
Financial & listing details
- Annual tax amount: $1,404
- Date on market: 11/12/2024
- Tenant pays: Electricity, Gas
- Road surface type: Asphalt, Concrete
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