Frankfort, IN 46041 258 Main Avenue
$575,000
5 more
Presented By: Jazah Jones with BerkshireHathaway HS IN Realty; Agt: 765-670-9065
Beds • 6
Baths • 8
SQFT • 8,234
Garage • 5
Home Details
This fully rented 8-plex is an incredible investment opportunity, offering steady income from day one. Each unit is occupied, providing immediate cash flow, while the property itself has a range of desirable features. A detached garage, already rented, along with a large carport for additional covered parking. Tenants enjoy the convenience of an in-building laundry facility located in the basement, making day-to-day living even easier. The charming covered front porch creates a welcoming entrance, adding to the character of this well-maintained building. With solid rental history and multiple income-generating spaces, this property is a must-see for any investor looking to expand their portfolio.
Presented By: Jazah Jones with BerkshireHathaway HS IN Realty; Agt: 765-670-9065
Interior Features for 258 Main Avenue
Bedrooms
Num. of 1 Bedrooms4
Num. of 2 Bedrooms1
Num. of 3 Bedrooms0
Num. of 4 Bedrooms0
Unit 2-# of Bedrooms2
Unit 4-# of Bedrooms1
Unit 5-# of Bedrooms1
Unit 6-# of Bedrooms1
Above Grade Bedrooms6
Beds6
Below Grade Bedrooms
Bathrooms
Unit 2-# of Bathrooms1
Unit 3-# of Bathrooms1
Unit 6-# of Bathrooms1
Below Grade Baths
Other Interior Features
Total Finished SqFt8234
Basement Y/NYes
Above Grade Finished SqFt8234
Above Grade Unfin. SqFt0
Below Grade Finished SqFt0
Below Grade Unfin. SqFt2028
Main Level SqFt2028
Num. of Efficiencies3
BasementFull Basement, Unfinished
Basement MaterialBlock
Dishwasher(s)
Disposal(s)
Dryer(s)
FlooringCarpet, Vinyl
Microwaves
Ranges/Ovens8
Refrigerators8
Total Number of Units8
W/D Hookups
Washers
Other Rooms
Total Rooms Below Grade
General for 258 Main Avenue
# of Buildings1
Age135
Agent First NameJazah
Agent Last NameJones
Annual Electric Expense1860
Annual Fuel Expense
Annual Insurance Expense4400
Annual Trash Expense
AreaClinton County
Assoc. Dues FrequencyNot Applicable
Associated Document Count2
Auction Y/NNo
Bathrooms8
CityFrankfort
ClassINVESTMENT
Common AmenitiesLaundry Facilities
CoolingNone
DOM36
Elementary SchoolBlue Ridge / Green Meadows
FIPS Code18023
FeaturesBasement, Off Street Parking, Porch Covered, Water Heater Gas
Full Baths8
Half Baths
HeatingForced Air
High SchoolFrankfort
Inside City LimitsYes
Legal Description016-20126-00 PT SW SE 10-21-1W .80A 2803
LocationCity/Town/Suburb
Middle SchoolFrankfort
Net Income43293
New ConstructionNo
OwnerPaysBuilding Insurance, Electric, Fuel, Trash Collection, Water
ParkingGarage, Gravel, Lot, Off Street, Private, Unpaved, Other
Pet Restrictions Y/NYes
REONo
Rent Income52860
School DistrictCommunity Schools of Frankfort
SewerCity
StatusActive
StatusActive
Status Detail0
Stories3
StyleThree Story
SubdivisionNone
Tax Year2025
Tenant PaysElectric, Fuel
Total Sq Ft10262
TownshipCenter
TypeEightplex
Unit Number1-8
Virtual TourClick here
Year Built1890
Zoning Description4-6 Family R 01
Exterior for 258 Main Avenue
Approx. Lot Size Acres0.77
DrivewayGravel
Electric Meters8
ExteriorVinyl
Gas Meters1
Lot DescriptionIrregular
Lot Dimensions130x255
Lot Size Area33541
Number of Parking Spaces2
Outbuilding2nd Detached Garage
Outbuilding SqFt360
PoolNo
ROOF MATERIALShingle
Road AccessCity
Road SurfaceGravel
Water Meters1
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
Frankfort Middle School
High School
Frankfort High School
Elementary School
Blue Ridge / Green Meadows Elementary School
Ryan Orr
Associate
