×
  • Left arrow.Go Back

  • Share

  • Add Note

  • Email to Friend

  • Ask a Question

  • Print

  • Heart Icon.Save

$495,000 $30,000on 10/9/2019

3522 S US Highway 31 Road Franklin, IN 46131

Property 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. 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.
Address:3522 US Highway 31 Road Franklin IN 46131
Status:Active
on site: 496 days
Price:$495,000
Bathrooms:0
Year Built:1942
Lot Size:5.70
County: Johnson
Township: Blue River
MLS #:21603006
Property Type:Retail

Lot Dimensions:572x496
Road Access:SeeRemarks
Zoning:bus
Building Utilities:Electric, Well, Septic System
Directions:Start out going south on S State Road 135, Turn left onto Old Plank Rd/IN-144, Turn right onto S Morton St/US-31 S, 3522 S US Highway 31, Franklin, IN 46131 Is on the right.
Loan Price
$3,137
Price And Interest $2,582/month
Property Tax $349/month
MTG INS $0/month
HOME INS $206/month
Price
$495,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$349/month
Home Owner Insurance
$2,472 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS
Shannon Shaffer
Shannon Shaffer

Senior Loan Officer

View My Profile

Courtesy of Tucker Mortgage
DateOld PriceNew PricePercent Change
10/09/19 $525,000 $495,000 -5.71%
05/04/19 $550,000 $525,000 -4.55%
Semi-Annual Property Tax:$2,095
Tax Year:2017
Financial Disclosures:Not Applicable
Other Disclosures:None
Area: 4109 - Johnson - Blue River
Zip Code:46131
Tour This Home
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company, Inc.
Tucker Customer Care
Additional Phone (317) 954-4768
Tour This Home
Active
3522 South US Highway 31Road Franklin, IN 46131

3522 Us Highway 31 Road

$495,000

Pending
3522 South US Highway 31Road Franklin, IN 46131

5187 250

Nearby Similar Homes Bathroom Icon4 Beds
Nearby Similar Homes Bedroom Icon2 Baths
Nearby Similar Homes Square Feet Icon4,940 sq. Ft

$540,000

Active
3522 South US Highway 31Road Franklin, IN 46131

2254 Heather Glen Way

Nearby Similar Homes Bathroom Icon3 Beds
Nearby Similar Homes Bedroom Icon3 Baths
Nearby Similar Homes Square Feet Icon2,728 sq. Ft

$449,900

Active
3522 South US Highway 31Road Franklin, IN 46131

778 Meadowbrook Lane

Nearby Similar Homes Bathroom Icon3 Beds
Nearby Similar Homes Bedroom Icon3 Baths
Nearby Similar Homes Square Feet Icon2,712 sq. Ft

$474,900

Pending
3522 South US Highway 31Road Franklin, IN 46131

0 Centerline Road

48.00 Acres

$480,000

Active
3522 South US Highway 31Road Franklin, IN 46131

1265 Paris Drive

Nearby Similar Homes Bathroom Icon4 Beds
Nearby Similar Homes Bedroom Icon3 Baths
Nearby Similar Homes Square Feet Icon3,642 sq. Ft

$450,000

Pending
3522 South US Highway 31Road Franklin, IN 46131

16021 Us Hwy 31

1.41 Lot Size

$479,900

Pending
3522 South US Highway 31Road Franklin, IN 46131

317 Creekside Court

Nearby Similar Homes Bathroom Icon4 Beds
Nearby Similar Homes Bedroom Icon4 Baths
Nearby Similar Homes Square Feet Icon5,739 sq. Ft

$495,000

Active
3522 South US Highway 31Road Franklin, IN 46131

7935 Ebony Drive

Nearby Similar Homes Bathroom Icon2 Beds
Nearby Similar Homes Bedroom Icon2 Baths
Nearby Similar Homes Square Feet Icon2,416 sq. Ft

$459,900

Active
3522 South US Highway 31Road Franklin, IN 46131

0 State Road 135

4.69 Acres

$475,000

Get more information

Listing provided courtesy of Jeff Paxson Team.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company, Inc. include the name of the listing IDX broker. This 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. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.