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$525,000

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0 Bedroom
0 Bath
Built 1942
0 SqFt

5-10 Acres.

MLS: 21610593
Multi-Family
Status: For Sale
County: Johnson
Date Listed: 12/10/2018

Description
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.

MLS/BLC Information
MLS/BLC #21610593 is a 0-bedroom, 0-bath property located at 3522 South Us Highway 31 Road, Franklin, IN 46131, in Johnson County. This Multi-Family was built in 1942 and offers 0 square feet of total space. The current listing status of 3522 South Us Highway 31 Road Franklin IN is "For Sale" See More Franklin homes for sale.
Bedrooms & Bathrooms
Bedrooms
0
Full Baths
0
Half-Baths
0
Total Bath Areas
0
Square Footage
Upper
0
Main
0
Main/Upper
0
Basement
0
Total
0
Architecture
Year Built
1942
New Construction
No
Garage
Exterior Amenities
Exterior Material(s)
Other
Lot Size
572x496
Lot Info
Access Street, Not In Subdivision, Tree Mature
Acres
5-10 Acres
Interior Amenities
Basement
No
Fireplace(s)
0
Utilities
Property Location
Address
3522 South Us Highway 31 Road
City
State
IN
Zip
County
Township
School District
Legal Description
NE SW S5 T11 R5
Real Estate Taxes & Homeowners Association Fees
Semi-Annual
$2,095
Tax Exemption(s)
None
Tax Year Due
0
Mandatory Fee
$0
Listing Info for 3522 South Us Highway 31 Road, Franklin, IN 46131
Date Listed
12/11/2018
Original List Price
$550,000
Sold Price
$0
Disclosure(s)
Not Applicable
MLS#
21610593
Property Type
1-4 Units Residential
Attached/Detached
Double/Duplex


3522 South Us Highway 31 Road, Franklin, IN 46131 Property displayed on MSWOODS.COM and listed by Jeff Paxson Team. The BLC® listing information is provided by the Metropolitan Indianapolis Board of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2019 Metropolitan Indianapolis Board of REALTORS® All Rights Reserved. The information provided is 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. All properties are subject to prior sale or withdrawal. All information provided on 3522 South Us Highway 31 Road, Franklin, IN 46131 (and all other homes for sale in Franklin) is deemed reliable but is not guaranteed accurate, and should be independently verified.

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