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1433 W Franklin Street Elkhart, IN 46516
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Key Details
Sold Price $232,500
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,904 sqft
MLS Listing ID 202606198
Sold Date 04/13/26
Style One and Half Story
Bedrooms 4
Full Baths 4
Half Baths 1
Abv Grd Liv Area 2,904
Total Fin. Sqft 2904
Year Built 1910
Annual Tax Amount $2,400
Lot Size 7,840 Sqft
Property Sub-Type Fourplex
Property Description
Turnkey investment opportunity with built-in cash flow! This 100% occupied fourplex delivers immediate income with reliable long-term tenants already in place who would like to stay, minimizing vacancy risk from day one. Unit A includes valuable basement access with newer mechanicals and offers additional storage and added tenant convenience. Unit B, located on the upper level, has been refreshed with newer flooring, windows, and paint. Unit C features an attached garage, a highly desirable amenity that increases rental value. Studio Apartment D has been recently painted and is currently leased, adding to the property's stable income stream. A strong addition to any investment portfolio with immediate returns and excellent long-term potential.
Location
State IN
County Elkhart County
Area Elkhart County
Direction Main Street to W. Franklin
Rooms
Family Room 1250 x 895
Dining Room 0 x 975
Kitchen , 875
Interior
Flooring Vinyl
Fireplaces Number 4
Appliance Building
Laundry , 8
Exterior
Garage Spaces 1.0
Amenities Available Detector-Carbon Monoxide, Detector-Smoke
Total Parking Spaces 8
Building
Lot Description Level
Story 15
Structure Type Vinyl
New Construction No
Schools
Elementary Schools Mary Daly
Middle Schools West Side
High Schools Elkhart
School District Elkhart Community Schools
Others
Financing Cash,Conventional
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IDX information provided by the Indiana Regional MLS
Bought with Ed Viruez • RE/MAX Results The Viruez Team
NEARBY SCHOOLS & BUSINESSES
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