$172,000

111 W Franklin St Delphi, IN 46923

Estimated payment $1,186/month

Total Views 294
3 Beds
3.5 Baths
2,814 Sq Ft
$61 Price per Sq Ft

Highlights

  • Very Popular Property
  • Ceramic Tile Flooring
  • Baseboard Heating
  • Corner Lot
  • Ceiling Fan
  • 4-minute walk to George Obear Overlook Park

About This Home

Seize the chance to own this income-generating complex in a high-demand rental market. This well-maintained property features 3 spacious units which have all been recently updated each offering one bedroom, one bath, open concept living & kitchen with all appliances staying. designed to attract quality tenants and minimize vacancies. The 4th unit is main level which offers easy access for office space, retail and or start your own small business or lease for more potential income. don't let this opportunity slip away

Listing Agent

Joan Abbott

Joan Abbott Real Estate Brokerage Phone: 765-564-9822 Listed on: 06/27/2025

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,786

Year Built

  • Built in 1900

Lot Details

  • 1,699 Sq Ft Lot
  • Corner Lot

Home Design

  • Flat Roof Shape
  • Rolled or Hot Mop Roof
  • Rubber Roof
  • Masonry Siding
  • Masonry

Interior Spaces

  • 2,814 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Pull Down Stairs to Attic
  • Fire and Smoke Detector
  • Laminate Countertops

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Basement

  • Block Basement Construction
  • Stone or Rock in Basement
  • Crawl Space

Parking

  • 2 Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Delphi Community Elementary And Middle School
  • Delphi High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Baseboard Heating
  • Cable TV Available

Listing and Financial Details

  • The owner pays for building insurance, maintenance, water, water softener
  • Assessor Parcel Number 08-06-29-020-010.000-007

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,650
  • Maintenance Expense $500
  • Water Sewer Expense $648

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,786

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1900
  • Age: 125
  • Style: Two Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 4
  • Total Full Bathrooms: 3
  • Total Number of Half Bathrooms: 1
  • Legal Description: 017-20010-00 Delphi OP W Pt W2 Lot 82
  • Parcel Number ID: 08-06-29-020-010.000-007
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking, Near Walking Trail, Attic Pull Down Stairs, Cable Ready, Countertops-Laminate, Detector-Smoke, Water Softener-Rented
  • Location: City/Town/Suburb
  • Annual Miscellaneous: 250
  • Monthly Gross Income: 650
  • Year Taxes Payable: 2024/2025
  • Special Features: None

Interior Features

  • Total Sq Ft: 2814
  • Total Finished Sq Ft: 2814
  • Above Grade Finished Sq Ft: 2814
  • Price Per Sq Ft: 61.12
  • Basement Foundation: Crawl
  • Basement Material: Block, Stone
  • Flooring: Ceramic Tile, Laminate
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Masonry
  • Roof Material: Flat, Rolled, Rubber
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking: Gravel

Utilities

  • Cooling: Wall AC, Window
  • Heating Fuel: Baseboard
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Hvac: Ceiling Fan
  • Annual Insurance Expense: 1650
  • Annual Maintenance Expense: 500
  • Annual Water Sewer Expense: 648
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Number Water Meters: 1

Condo/Co-op/Association

  • Common Amenities: Sidewalks

Schools

  • School District: Delphi Community School Corp.
  • Elementary School: Delphi Community
  • Middle School: Delphi Community
  • High School: Delphi
  • Elementary School: Delphi Community

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 0.039
  • Estimated Lot Sq Ft: 1699
  • Estimated Lot Size Acres: 0.039

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Maintenance, Water, Water Softener
  • Tenant Pays: Cooling, Electric

Multi Family

  • Gross Monthly Rent: 650
  • Number Of Refrigerators: 3
  • Number Of Units: 4
  • Num Of1 Bedrooms: 3
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 2786

MLS Schools

  • High School: Delphi
  • Middle School: Delphi Community
  • School District: Delphi Community School Corp.

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2025 06/27/25 For Sale $172,000 -- $61 / Sq Ft
Source: Indiana Regional MLS

Source: Indiana Regional MLS

MLS Number: 202524730

Indiana Regional MLS