NOT LISTED FOR SALE

201 W Palmer St Frankfort, IN 46041

16 Beds
8 Baths
6,780 Sq Ft
0.3 Acres

Last Sold October 02, 2023

Last sale price $575,000 $85 Per Sq Ft

6 Days on Market

Highlights

  • Shed
  • Central Air
  • Carpet
  • Landscaped

About This Home

As of October 2023

This meticulously maintained, all brick apartment complex represents a prime investment opportunity in the thriving real estate market of Frankfort, Indiana. With a convenient location, income- producing potential, and a majority of units recently remodeled, this property offers a solid foundation for long-term returns. Don't miss the chance to secure your position in this lucrative market. Contact us today for more information and to schedule a showing.

Last Listed By

Erin Walker

BerkshireHathaway HS IN Realty Brokerage Phone: 765-242-4814 Listed on: 09/15/2023

BerkshireHathaway HS IN Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,179

Year Built

  • Built in 1976

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 66 x 200
  • Landscaped

Home Design

  • Brick Exterior Construction
  • Metal Roof

Interior Spaces

  • 6,780 Sq Ft Home
  • 2-Story Property
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Full Bathrooms

Basement

  • Block Basement Construction
  • Crawl Space

Parking

  • 8 Parking Spaces
  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking

Schools

  • Suncrest Elementary School
  • Frankfort Middle School
  • Frankfort High School

Utilities

  • Central Air
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Shed
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, electric, fuel
  • The owner pays for building insurance, lawn maintenance, maintenance, snow removal, sewer, tax, trash collection, water
  • Assessor Parcel Number 12-10-03-456-007.000-021

Community Details

Overview

  • 8 Units

Pet Policy

  • Pet Restriction

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,513
  • Maintenance Expense $6,552
  • Trash Expense $1,029
  • Water Sewer Expense $3,671

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,179

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1976
  • Age: 47
  • Style: Two Story
  • Bedrooms: 16
  • Number Above Grade Bedrooms: 16
  • Total Bathrooms: 8
  • Total Full Bathrooms: 8
  • Legal Description: 016-18254-00 LT 18 MORRISONS ADD 4022
  • Parcel Number ID: 12-10-03-456-007.000-021
  • Platted: Yes
  • Amenities: Off Street Parking, Cable Ready, Countertops-Laminate, Landscaped, Water Heater Gas
  • Location: City/Town/Suburb
  • Sp Lp Percent: 98.29
  • Annual Miscellaneous: 4900
  • Monthly Gross Income: 4600
  • Year Taxes Payable: 2024
  • Special Features: None

Interior Features

  • Total Sq Ft: 6780
  • Total Finished Sq Ft: 6780
  • Above Grade Finished Sq Ft: 6780
  • Price Per Sq Ft: 84.81
  • Basement Foundation: Crawl
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Number Of Ranges Ovens: 8

Exterior Features

  • Exterior: Brick
  • Roof Material: Metal
  • Stories: 2
  • Outbuilding: Shed
  • Outbuilding Sq Ft: 160

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 8
  • Parking: Off Street, Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Gas Company: CenterPoint Energy
  • Cable Company: Comcast
  • Annual Insurance Expense: 3513.34
  • Annual Maintenance Expense: 6551.5
  • Annual Trash Expense: 1029.2
  • Annual Water Sewer Expense: 3671.34
  • Number Electric Meters: 8
  • Number Gas Meters: 8
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Community Schools of Frankfort
  • Elementary School: Suncrest
  • Middle School: Frankfort
  • High School: Frankfort
  • Elementary School: Suncrest

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 66 x 200
  • Estimated Lot Sq Ft: 13200
  • Estimated Lot Size Acres: 0.3

Rental Info

  • Lease Term: 1 Year, Month to Month
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Snow Removal, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Cable, Electric, Fuel

Multi Family

  • Gross Monthly Rent: 4600
  • Number Of Refrigerators: 8
  • Number Of Units: 8
  • Num Of2 Bedrooms: 8
  • Num Of Units Rented: 8

Tax Info

  • Annual Property Tax: 3179.32

MLS Schools

  • High School: Frankfort
  • Middle School: Frankfort
  • School District: Community Schools of Frankfort

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
10/02/2023 10/02/23 Sold $575,000 -1.7% $85 / Sq Ft
09/21/2023 09/21/23 Pending -- -- --
09/15/2023 09/15/23 For Sale $585,000 -- $86 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Erin Walker

    Seller's Agent in 2023

    Erin Walker

    BerkshireHathaway HS IN Realty

    (765) 242-4814

    70 Total Sales

    Erin Walker
    Section Image
  • Courtney Lendman

    Buyer's Agent in 2023

    Courtney Lendman

    C&C Home Realty

    (765) 532-7014

    128 Total Sales

    Courtney Lendman
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202333599

Indiana Regional MLS

Indiana Clinton County Frankfort 46041

201 W Palmer St, Frankfort, IN

Homes for Sale in Frankfort, IN

This home is located at 201 W Palmer St, Frankfort, IN 46041 since 15 September 2023. This property was built in 1976. 201 W Palmer St is a home located in Clinton County with nearby schools including Frankfort Senior High School and Frankfort Covenant Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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