www.felecialivingstonrealestate.com/homes/161794485
258
Main Avenue
, 1-8
Frankfort,
IN
46041
Elementary School:
Blue Ridge / Green Meadows
School District:
Community Schools Of Frankfort
This fully rented 8-plex is an incredible investment opportunity, offering steady income from day one. Each unit is occupied, providing immediate cash flow, while the property itself has a range of desirable features. A detached garage, already rented, along with a large carport for additional covered parking. Tenants enjoy the convenience of an in-building laundry facility located in the basement, making day-to-day living even easier. The charming covered front porch creates a welcoming entrance, adding to the character of this well-maintained building. With solid rental history and multiple income-generating spaces, this property is a must-see for any investor looking to expand their portfolio.
Driveway
Gravel
Exterior
Vinyl
Location
City/Town/Suburb
Lot Description
Irregular
Lot Dimensions
130x255
Outbuilding
2nd Detached Garage
Outbuilding Sq Ft
360
Parking
GarageGravelLotOff StreetPrivateUnpavedOther
Parking Spaces
2
Pool YN
No
Road Access
City
Road Surface
Gravel
Roof Material
Shingle
Style
Three Story
Unit1 Garage Type
Carport
Unit2 Garage Type
Carport
Unit3 Garage Type
Detached
Unit4 Garage Type
Carport
Unit5 Garage Type
Carport
Unit6 Garage Type
Carport
Waterfront YN
No
Above Grade Bedrooms
6
Above Grade Finished Sqft
8234
Above Grade Unfin Sq Ft
0
Amenities
BasementOff Street ParkingPorch CoveredWater Heater Gas
Basement Foundation
Full BasementUnfinished
Basement Material
Block
Basement YN
Yes
Below Grade Baths
0
Below Grade Bedrooms
0
Below Grade Finished Sqft
0
Below Grade Unfin Sq Ft
2028
Cooling
None
Dishwashers
0
Disposals
0
Dryers
0
Flooring
CarpetVinyl
Heating Fuel
Forced Air
Main Level Sq Ft
2028
Microwaves
0
Ranges Ovens
8
Refrigerators
8
Rooms Below Grade
0
Total Baths
8
Total Below Grade Sqft
2028
Total Sq Ft
10262
Unit1 Basement YN
No
Unit2 Basement YN
No
Unit2 Bathrooms
1
Unit2 Bedrooms
2
Unit3 Basement YN
No
Unit3 Bathrooms
1
Unit4 Basement YN
No
Unit4 Bedrooms
1
Unit5 Basement YN
No
Unit5 Bedrooms
1
Unit6 Basement YN
No
Unit6 Bathrooms
1
Unit6 Bedrooms
1
Upper Level Sq Ft
2028
Wash Dry Hookups
0
Washers
0
Annual Electric Expense
1860
Annual Fuel Expense
0
Annual Gross Rent
52860
Annual Insurance Expense
4400
Annual Maint Expense
0
Annual Misc
0
Annual Net Income
43293
Annual Property Tax
3307
Annual Trash Expense
0
Annual Water Sewer Exp
0
Assoc Dues Frequency
Not Applicable
Auction Y / N
No
Buildings
1
Common Amenities
Laundry Facilities
Cross Street
Armstrong
Efficiencies
3
Electric Company
Frankfort Munic. Util.
Electric Meters
8
For Sale Or Rent
For Sale
Four Bedrooms
0
Gas Company
CenterPoint Energy
Gas Meters
1
Government Subsidized YN
No
Gross Monthly Income
4405
Gross Monthly Rent
4405
Inside City Limits
Yes
Lease Term
1 Year
New Construction
No
One Bedrooms
4
Owner Pays
Building InsuranceElectricFuelTrash CollectionWater
Owner Real Estate License YN
No
Pet Restrictions YN
Yes
Planned Unit Dev YN
No
Property Sub Type
Eightplex
Proposed Financing
CashConventional
Reo YN
No
Restrictions YN
No
Sale Includes
BuildingLand
Sewer
City
Tenant Pays
ElectricFuel
Three Bedrooms
0
Township
Center
Two Bedrooms
1
Unit1 Unit Rent
530
Unit1- Currently Rntd Y / N
Yes
Unit1- Garage /#of Cars
1
Unit1- Garage Y / N
No
Unit2 Unit Rent
700
Unit2- Currently Rntd Y / N
Yes
Unit2- Garage /#of Cars
2
Unit2- Garage Y / N
No
Unit3 Unit Rent
610
Unit3- Currently Rntd Y / N
Yes
Unit3- Garage /#of Cars
2
Unit3- Garage Y / N
Yes
Unit4 Unit Rent
525
Unit4- Currently Rntd Y / N
Yes
Unit4- Garage Y / N
No
Unit5 Unit Rent
575
Unit5- Currently Rntd Y / N
Yes
Unit5- Garage Y / N
No
Unit6 Unit Rent
650
Unit6- Currently Rntd Y / N
Yes
Unit6- Garage Y / N
No
Units Rented
8
Water Meters
1
Water Utility
City
Year Taxes Payable
2025
Zoning Description
4-6 Family R 01
Listing provided by Jazah Jones of BerkshireHathaway HS IN Realty: Agt: 765-670-9065.
© 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 Keller Williams 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 Keller Williams Realty. Data last updated: 2025-05-16T00:28:07.387.
