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1101-1103 E Clinton Street

Frankfort, IN 46041
  • $349,900
  • STATUS: Active
  • ON SITE: 31 Days
  • MLS #: 202501025
Price Reduced
UPDATED: 35 min ago
$349,900
  • 8
    BEDS
  • 0.2
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 3,428
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Listing provided by Courtney Lendman of C&C Home Realty: Agt: 765-532-7014.

Description

Turnkey 5-Unit Investment Property " Fully Rented & Renovated! Dont miss this prime investment opportunity! This fully rented, five-unit property brings in a strong monthly rental income of $4,377, with significant potential for increased rents as current rates remain below market value. There are three two-bedroom units, with the highest rent currently at only $1000 per month"leaving ample room for growth! Recently renovated from top to bottom, the property features new siding, windows, gutters, furnace, water heater, and appliances, ensuring low-maintenance ownership and long-term durability. With ample parking for all tenants, this property is both a smart investment and a highly desirable rental option. This is your chance to own a high-performing, income-generating asset with room for growth. Schedule a showing today!

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© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' 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 is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty. Data last updated: 2025-02-11T09:29:44.653.

www.movingwithteammelton.com/homes/159362473
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1101-1103 E Clinton Street Frankfort, IN 46041

  • Price: $349,900
  • Status: Active
  • On Site: 31 Days
  • Updated: 35 min ago
  • MLS #: 202501025
8
Beds
5
Baths
0
½ Baths
0.2
Acres
3,428
SQFT
$102
$/SQFT
1900
Built
Neighborhood:
None
County:
Clinton
Area:
Clinton
Elementary School:
Blue Ridge / Green Meadows
Middle School:
Frankfort
High School:
Frankfort
School District:
Community Schools Of Frankfort
Property Description
Turnkey 5-Unit Investment Property " Fully Rented & Renovated! Dont miss this prime investment opportunity! This fully rented, five-unit property brings in a strong monthly rental income of $4,377, with significant potential for increased rents as current rates remain below market value. There are three two-bedroom units, with the highest rent currently at only $1000 per month"leaving ample room for growth! Recently renovated from top to bottom, the property features new siding, windows, gutters, furnace, water heater, and appliances, ensuring low-maintenance ownership and long-term durability. With ample parking for all tenants, this property is both a smart investment and a highly desirable rental option. This is your chance to own a high-performing, income-generating asset with room for growth. Schedule a showing today!
Exterior Features

Exterior Vinyl Location City/Town/Suburb Lot Description Slope Lot Dimensions 66x132 Outbuilding None Parking GravelOff StreetStreet Parking Spaces 6 Pool YN No Roof Material Shingle Style Other Waterfront YN No

Interior Features

Above Grade Bedrooms 8 Above Grade Finished Sqft 3428 Above Grade Unfin Sq Ft 0 Amenities BasementPatio Covered Basement Foundation CrawlPartial Basement Basement Material Block Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 538 Cooling Window Dishwashers 0 Disposals 0 Dryers 2 Flooring CarpetVinyl Heating Fuel GasForced Air Microwaves 5 Ranges Ovens 5 Refrigerators 5 Rooms Below Grade 0 Total Baths 5 Total Below Grade Sqft 538 Total Sq Ft 3966 Unit1 Basement YN No Unit1 Bathrooms 1 Unit1 Bedrooms 2 Unit2 Basement YN No Unit2 Bathrooms 1 Unit2 Bedrooms 2 Unit3 Basement YN No Unit3 Bathrooms 1 Unit3 Bedrooms 2 Unit4 Basement YN No Unit4 Bedrooms 1 Unit5 Basement YN No Unit5 Bedrooms 1 Wash Dry Hookups 2 Washers 2

Property Features

Annual Electric Expense 3240 Annual Fuel Expense 1320 Annual Gross Rent 50520 Annual Insurance Expense 1440 Annual Maint Expense 0 Annual Misc 0 Annual Net Income 38363 Annual Property Tax 4057 Annual Trash Expense 900 Annual Water Sewer Exp 1200 Assoc Dues Frequency Not Applicable Auction Y / N No Buildings 2 Efficiencies 0 Electric Meters 1 For Sale Or Rent For Sale Four Bedrooms 0 Gas Meters 1 Gross Monthly Income 4210 Gross Monthly Rent 4210 Lease Term Month to Month1 Year New Construction No One Bedrooms 2 Owner Pays ElectricHeatingTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN Yes Planned Unit Dev YN No Property Sub Type Fiveplex Proposed Financing CashConventional Reo YN No Sale Includes BuildingLease Sewer City Tenant Pays Cable Three Bedrooms 0 Township Center Two Bedrooms 3 Unit1 Unit Rent 875 Unit1- Currently Rntd Y / N Yes Unit1- Garage Y / N No Unit2 Unit Rent 1000 Unit2- Currently Rntd Y / N Yes Unit2- Garage Y / N No Unit3 Unit Rent 892 Unit3- Currently Rntd Y / N Yes Unit4 Unit Rent 830 Unit4- Currently Rntd Y / N Yes Unit5 Unit Rent 780 Unit5- Currently Rntd Y / N Yes Units Rented 5 Water Meters 1 Water Utility City Year Taxes Payable 2024

Listing provided by Courtney Lendman of C&C Home Realty: Agt: 765-532-7014.

© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' 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 is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty.


© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' 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 is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty. Data last updated: 2025-02-11T09:29:44.653.

 
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Listing provided by Courtney Lendman of C&C Home Realty: Agt: 765-532-7014.