Elkhart, IN 46516 1433 W Franklin Street
$250,000
8 more
Presented By: Heidi Gaskill with Berkshire Hathaway HomeServices Elkhart; Office: 574-293-1010
Beds • 4
Full/Half Baths • 4 / 1
SQFT • 2,904
Garage • 1
Home Details
Turnkey investment opportunity with built-in cash flow! This well-maintained fourplex offers three occupied units with reliable long-term tenants already in place who would like to stay, minimizing vacancy risk and providing immediate income stability. Unit A includes valuable basement access with newer mechanicals and offers additional storage and added tenant convenience. Unit B, located on the upper level, has been refreshed with newer flooring, windows, and paint. Unit C features an attached garage, a highly desirable amenity that increases rental value. Studio Apartment D has been recently painted, providing a move-in-ready space. A strong addition to any investment portfolio with immediate returns and excellent long-term potential.
Presented By: Heidi Gaskill with Berkshire Hathaway HomeServices Elkhart; Office: 574-293-1010
Interior Features for 1433 W Franklin Street
Bedrooms
Num. of 1 Bedrooms2
Num. of 2 Bedrooms1
Num. of 3 Bedrooms0
Num. of 4 Bedrooms0
Unit 1-# of Bedrooms1
Unit 2-# of Bedrooms2
Unit 3-# of Bedrooms1
Unit 4-# of Bedrooms1
Above Grade Bedrooms4
Beds4
Below Grade Bedrooms
Bathrooms
Unit 1-# of Bathrooms1
Unit 2-# of Bathrooms1
Unit 3-# of Bathrooms1
Below Grade Baths
Other Interior Features
Total Finished SqFt2904
Basement Y/NYes
Above Grade Finished SqFt2904
Above Grade Unfin. SqFt0
Below Grade Finished SqFt0
Below Grade Unfin. SqFt968
Num. of Efficiencies1
BasementUnfinished
Dishwasher(s)0
Disposal(s)
Dryer(s)
FlooringVinyl
Microwaves
Ranges/Ovens4
Refrigerators4
Total Number of Units4
W/D Hookups
Washers
Other Rooms
Total Rooms Below Grade2
General for 1433 W Franklin Street
Age116
Agent First NameHeidi
Agent Last NameGaskill
Annual Electric Expense3000
Annual Fuel Expense3000
Annual Insurance Expense2400
Annual Trash Expense
AreaElkhart County
Assoc. Dues FrequencyNot Applicable
Associated Document Count1
Auction Y/NNo
Bathrooms5
CityElkhart
ClassINVESTMENT
CoolingNone
DOM18
Elementary SchoolMary Daly
FIPS Code18039
FeaturesDetector-Carbon Monoxide, Detector-Smoke
Full Baths4
Half Baths1
HeatingGas, Forced Air
High SchoolElkhart
Legal DescriptionKRAUS EX 8FT S SIDE LOT 34
Middle SchoolWest Side
Net Income31223
New ConstructionNo
OwnerPaysBuilding Insurance, Electric, Fuel, Sewer, Tax, Trash Collection, Water
PROPOSED FINANCINGCash, Conventional
ParkingOff Street
Pet Restrictions Y/NNo
REONo
Rent Income47340
School DistrictElkhart Community Schools
SewerCity
StatusActive
StatusActive
Status Detail0
Stories Count15
StyleOne and Half Story
SubdivisionNone
Tax Year2025 pay 2026
Tenant PaysNone
Total Sq Ft3872
TownshipConcord
TypeFourplex
Virtual TourClick here
Year Built1910
Exterior for 1433 W Franklin Street
Approx. Lot Size Acres0.18
Electric Meters1
ExteriorVinyl
Gas Meters1
Lot DescriptionLevel
Lot Dimensions58 x 132
Lot Size Area7841
Number of Parking Spaces8
OutbuildingNone
PoolNo
Water Meters1
Waterfront Y/NNo
Additional Details
Price History
Schools
Elementary School
Mary Daly Elementary School
Middle School
West Side Middle School
High School
Elkhart High School
Ryan Orr
Associate