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$1,650,000 (Pending)

401 N Main Street Franklin, IN 46131

Property Description
What an Opportunity to own this updated 18 unit Apartment Building in Sought After Downtown Franklin! Located on Coveted Main St. Only 1/4 Mile From the Courthouse the Owners have created a truly unique experience for Tenants to enjoy all of the Activities downtown Franklin has to offer. Total Renovation of Main Street Commons completed in 2018 Inside & Out. Offered at Roughly 6.4% Cap Rate based on Trailing 12 Financials. Come see today these opportunities don't happen often.
Address:401 N Main Street Franklin IN 46131
on site: 11 days
Year Built:1972
Lot Size:0.40
County: Johnson
Township: Franklin
School System : Franklin Community
MLS #:21739470
Property Type:5+Units Commercial

Lot Dimensions:17424
Road Access:Frontage Road, CityStreet
Road Surface:Asphalt
Lot Features:Irregular, Sidewalks, Storm Sewer, Street Lights, Not In Subdivision
Building Utilities:Electric, Separate Gas Meter, Sewer, Water, Cable Available, Gas Connected, Municipal Storm Connected, Municipal Sewer Connected
Directions:From Jefferson St. & Main St. Head North on Main St. to Property on East Side of Rd.
Sq. Ft. Source:Assessor
Loan Price
Price And Interest $8,607/month
Property Tax $650/month
MTG INS $0/month
HOME INS $688/month
Down Payment %
0 %
Down Payment
Property Taxes
Home Owner Insurance
$8,256 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
Shannon Shaffer
Shannon Shaffer

Senior Loan Officer

View My Profile

Courtesy of Tucker Mortgage
Semi-Annual Property Tax:$3,897
Tax Year:2019
Financial Disclosures:Not Applicable
Other Disclosures:Sales Disclosure On File, Sales Disclosure Supplements
Area: 4105 - Johnson - Franklin
Zip Code:46131
School System:Franklin Community
Exterior Features:Driveway Asphalt
Exterior Type:Brick, Cedar
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company, Inc.
Tucker Customer Care
Additional Phone (317) 954-4768
401 North MainStreet Franklin, IN 46131

2515 & 2563 Mullinix Road


401 North MainStreet Franklin, IN 46131

152 Habig Street


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Listing provided courtesy of Smythe & Co, Inc.

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.