452 W Adams St Franklin, IN 46131
About This Home
As of August 2024Discover a versatile property in Franklin offering three distinct units, each tailored for living and exceptional investment potential. This property is perfect for investors seeking to maximize rental income or homeowners interested in strategic house hacking. Enjoy privacy and convenience in the vacant lower-level 2 bedroom apartment, complete with its own laundry room and separate utilities. Ideal for tenants seeking comfortable, independent living. Ascend to the upper-level apartment, featuring a layout that includes a formal dining room. This unit provides a galley kitchen, living areas, and convenient laundry facilities, making it an attractive option for tenants. A unique addition, the detached garage has been transformed into an apartment with dedicated laundry amenities, and a versatile layout. With two units already leased and separate meters for electric and gas, this property offers immediate cash flow and the flexibility for house hacking. Conveniently located within walking distance to downtown Franklin, there is easy access to local shops, dining options, and entertainment venues. Quick access to U.S. 31 and direct routes to I-65 ensures effortless commuting and travel, enhancing the property's appeal to both tenants and future buyers. This property not only offers a prime location but also multiple revenue streams and the adaptability to suit various investment strategies. Seize this exceptional opportunity to own a multifaceted property in Franklin's thriving market. Whether you're expanding your investment portfolio or exploring strategic owner-occupied options, this property promises both immediate returns and long-term value.
Last Agent to Sell the Property
Real Broker, LLC Brokerage Email: macie@jpgrealtyservices.com License #RB24001019
Co-Listed By
Real Broker, LLC Brokerage Email: macie@jpgrealtyservices.com License #RB22000730
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,330
Year Built
- Built in 1950
Home Design
- Triplex
Schools
- Northwood Elementary School
- Franklin Community Middle School
- Custer Baker Intermediate School
- Franklin Community High School
Additional Features
- 2-Story Property
- 8,168 Sq Ft Lot
Community Details
- Hamilton Subdivision
Listing and Financial Details
- Tenant pays for electricity, gas
- The owner pays for insurance, lawncare, sewer, trash collection, water
- Tax Lot 12,13
- Assessor Parcel Number 410814032030000009
- Seller Concessions Not Offered
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2024 08/08/24 | Sold | $270,000 | -1.8% | $165 / Sq Ft |
| 07/10/2024 07/10/24 | Pending | -- | -- | -- |
| 07/07/2024 07/07/24 | Price Changed | $275,000 | -1.8% | $168 / Sq Ft |
| 06/20/2024 06/20/24 | For Sale | $280,000 | -- | $171 / Sq Ft |
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,330 | $212,400 | $26,900 | $185,500 |
| 2023 | $4,330 | $194,600 | $26,900 | $167,700 |
| 2022 | $3,967 | $177,900 | $26,900 | $151,000 |
| 2021 | $3,341 | $149,800 | $25,200 | $124,600 |
| 2020 | $3,675 | $164,800 | $25,200 | $139,600 |
| 2019 | $3,381 | $151,600 | $16,100 | $135,500 |
| 2018 | $2,750 | $137,500 | $16,100 | $121,400 |
| 2017 | $2,590 | $129,500 | $16,100 | $113,400 |
| 2016 | $1,854 | $122,600 | $16,100 | $106,500 |
| 2014 | $1,666 | $86,200 | $14,300 | $71,900 |
| 2013 | $1,666 | $83,300 | $14,200 | $69,100 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $189,000 | New Conventional |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $270,000 | Chicago Title | |
| Warranty Deed | -- | -- | |
| Quit Claim Deed | -- | None Available |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 21986146
APN: 41-08-14-032-030.000-009
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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