Mark Gill
Mark Gill
Hallmark Real Estate Services LLC
Greenwood, IN 46142

317-716-0137
Contact Me

Quick Search


view all


Any

Any

No Min.

No Max.

Homes by Email

Be the first to see new listings as soon as they hit the market!

Back to Saved Search
Listing 15 out of 55
$550,000 For Sale

3522 South Us Highway 31 Road
Franklin, IN 46131

2 units | Multi Family Home
5.7 acres - MLS# 21610593
Property Photo
1/6

Description

Outstanding INVESTMENT Opportunity on Busy US 31 in Franklin on 5.7 Acre Lot. "Desperation Depot" Bar & Grill along w MOTEL (8 units) & 2story Home (duplex). Property generates over $100,000/year in rent. Owner selling only because of relocating out-of-state. Motel Units are remodeled and in great shape. Laundry onsite. Bar w/ Apartment Above & Has New Siding & Roof. Motel w/ New Wiring/Plumbing & New Roof - Apartments $205/week. Leases are renewing in November, 2018. Bar lessor pays $1600/month. $165 x 4 units/week - $175 x 4 units/week. Owner Pays Utilities. Great highway visibility and location.

Features

  • Property Type: Multi Family Home
  • Sub Type: 1-4 Units Residential
  • Listing Status: Active
  • County/Area: Johnson County
  • Zip Code: 46131
  • Year Built: 1942
  • Subdivision/Neighborhood: No Subdivision
  • School District: Franklin Community
  • Style: Doub-Duplx
  • Units: 2 units
  • Lot Size: 572x496
  • Zoning: bus
  • Area: 4109 - Johnson - Blue River
  • Acres: 5-10 Acres
  • Building Utilities: Electric, Well, Septic System
  • Gross Potential Income: 80000
  • Gross Rent Multiplier: 7.5000
  • HVAC: gas central air
  • Insurance Expenses: 3000
  • Insurance Expenses SF: 0.3600
  • Interstate: Ramp3-5mi
  • Investment: 1
  • Laundry: Common
  • Lot Information: Access Street, Not In Subdivision, Tree Mature
  • Main Type: Multi-Family
  • Net Operating Income: 59200
  • Road Access: SeeRemarks
  • Roof: shingle
  • Township: Blue River
  • Trans Type: Sale
  • Unit Parking: Paved Area
Courtesy of Jeff Paxson Team

Mark Gill
Hallmark Real Estate Services LLC
1680 W Main St
Greenwood, IN 46142
317-716-0137
mark.gill@hallmarkres.com

Testimonials

Mark is amazing to work with. We were struggling to find the right house for us, but he didn’t stop until he found the one we loved. He sent me a very enthusiastic “I found it!” text when he saw the listing. He is extremely detailed with his information and keeps you completely updated every step of the way. Even when I felt like I was bugging him with everything, he continuously reassured me that “This is what I do.”. I would recommend Mark to anyone buying or selling a home. Thanks again for everything, brother. Bobby Williams
View All

Connect With Me

Newsletter

Subscribe to my newsletter...

* fields are required
Real Estate Websites by iHOUSEweb iconiHOUSEweb | Admin Menu