Discover a fantastic investment opportunity in the heart of downtown Frankfort! This property features both residential and retail spaces, offering versatile income potential. Currently, there are 3 apartments with the potential to add a 4th apartment by converting the common laundry area. Ideal for long-term rentals or short-term accommodations. The lower level storefront is currently used as a single conjoined business but can be easily divided into 2 separate commercial spaces, perfect for retail, office, or service-based businesses. Situated in bustling downtown Frankfort, this property benefits from high foot traffic, excellent visibility, and convenient access to local amenities, shops, and restaurants. The flexible floor plan allows for maximizing rental income and significant value appreciation. Don’t miss out on this unique opportunity to own a versatile investment property in a thriving location. Whether you're looking to expand your real estate portfolio or start a new business venture, this property offers endless possibilities.
Closed
$165,000
50-52 W Clinton St, Frankfort, IN 46041
3beds
5,180sqft
Multi Family
Built in 1900
-- sqft lot
$243,800 Zestimate®
$--/sqft
$1,111 Estimated rent
Home value
$243,800
$205,000 - $293,000
$1,111/mo
Zestimate® history
Owner options
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$1,111/mo
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$1,111/mo
Rent Zestimate®
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$783/mo
Est. payment
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$783/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Jazah J Jones Agt:765-670-9065,
BerkshireHathaway HS IN Realty
Bought with:
Jazah J Jones, RB18001176
BerkshireHathaway HS IN Realty
Source: IRMLS,MLS#: 202422193
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Electric, Natural Gas, Baseboard, Forced Air
Cooling
- Central Air, Window Unit(s)
Features
- Storage, Ceiling-9+
- Flooring: Carpet, Concrete, Laminate, Tile
- Basement: Concrete
Interior area
- Total structure area: 5,180
- Total interior livable area: 5,180 sqft
- Finished area above ground: 5,180
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: On Street
Features
- Stories: 2
- Fencing: None
- Waterfront features: None
Lot
- Size: 5,227 Square Feet
- Dimensions: 38x132
- Features: Level, City/Town/Suburb
Details
- Additional structures: None
- Parcel number: 121010225012.000021
- Zoning: C1,C1
- Zoning description: C/I Building C 01
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Brick, Masonry
- Foundation: Slab
- Roof: Flat,Rubber
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: Frankfort Munic. Util.
- Gas: CenterPoint Energy
- Sewer: City
- Water: City
Community & HOA
Community
- Features: Laundry Facilities
- Subdivision: None
Location
- Region: Frankfort
Financial & listing details
- Annual tax amount: $2,144
- Date on market: 7/9/2024
- Listing terms: Cash
- Inclusions: Building
- Lease term: Weekly,Month To Month,None,Renewal Option,Negotiable
- Total actual rent: 31680
- Tenant pays: Cable TV, Cooling, Electricity, Fuel, Heating, Sewer, Trash Collection, Water
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/3/2024 | Sold | $165,000-5.7% |
Source:  IRMLS #202422193 Report a problem | ||
| 6/24/2024 | Pending sale | $175,000 |
Source: IRMLS #202422193 Report a problem | ||
| 6/18/2024 | Listed for sale | $175,000 |
Source: IRMLS #202422193 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 46041
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Nearby schools
GreatSchools rating
- 5/10Green Meadows Intermediate ElementaryGrades: 3-5Distance: 1.1 mi
- 7/10Frankfort Middle SchoolGrades: 6-8Distance: 1.6 mi
- 3/10Frankfort Senior High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Suncrest
- Middle: Frankfort
- High: Frankfort
- District: Community Schools of Frankfort
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Indiana
- Clinton County
- Frankfort
- 46041
- 50-52 W Clinton St
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