MLS® ID: 21610593

3522 South US Highway 31 Road

Franklin, IN, 46131

$525,000 Active
  • - SQFT
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 - Apartments $205/week. 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.
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Listing courtesy of Jeff Paxson Team

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    46131
  • Office name
    Jeff Paxson Team
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Multi-Family
  • Zoning type
    bus
  • School district
    Franklin Community
  • Year built
    1942
  • Lot size
    572x496
  • Tax year
    2017
  • Agent name
    Jeffrey Paxson
  • Tax amount
    $ 2095.0
  • Purchase Type
    Active
  • Price Range
    $500k-$600k
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    JPTM01
  • Agent ID
    18702

Location

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