3 months on rocket

106/108 N Franklin St, Greenfield, IN, 46140

$350,000

Home List Price

$4,156*

Closing Credit

0 Baths
Multi

Location

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106/108 N Franklin St, Greenfield$350,000

Buyer Closing Credits

$4,156*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1940
BasementYes
MLS #21995048
Lot Size0.11 Acres
StatusActive

About 106/108 N Franklin St

This investment property, featuring two addresses and three separate, fully remodeled units, offers a fantastic opportunity for both short-term and long-term rental income. Located at 106 and 108, each unit comes fully furnished and shares a large common laundry space, making it ideal for traveling professionals or event-goers. The first address, 106, includes a spacious main floor unit with a large foyer, bedroom, living room, and kitchen. Additionally, it offers an efficiency unit that features a main floor foyer and a charming reading nook or extra storage space. The second address, 108, is a second-floor studio space boasting a generous living, bedroom, and kitchen area. The property also includes an oversized one car garage and paved parking. Currently, all three units are exclusively utilized as Furnished Finder or Airbnb rentals, achieving an impressive occupancy rate of over 90% (July 2023 - June 2024), with several bookings projected into next year. Most tenants are traveling professionals who rent on a monthly basis, though the property has also attracted visitors attending major events in Indianapolis, such as the Indy 500. With a successful rental model already in place, this property holds great potential for continued short-term rentals or could be easily transitioned to long-term tenants. Operating Expenses and Net Income listed below are average monthly. Don't miss out on this instant income producing property!

Property Details

Property Features

Property Information:

  • Year Built: 1940

Listing Office:

  • Office Name: Level Up Real Estate Group
  • Office Email: MelissaEwaldRealtor@gmail.com
  • Listing Agent: Melissa Ewald

Interior Features

Interior Information:

  • Basement: Yes

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Other

Directions Information:

  • Directions: GPS Friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $350,000
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Housing Market Comparison

See how this home compares to others in Greenfield, IN.

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Greenfield, IN

City

Med. Sold Price

$279.9K

Med. Price/SqFt

$154

Avg. Days On Market

33

# of Sold Homes

45

106/108 N Franklin St vs Greenfield

94 DAYS ON ROCKET

+61 Days

$350,000

+$70K More

KEY TAKEAWAY

This property is $70K more than the Median Sold Price in Greenfield, IN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MIBOR
  • MLS Number: #21995048

Listing Office:

  • Office Name: Level Up Real Estate Group
  • Office Email: MelissaEwaldRealtor@gmail.com
  • Listing Agent: Melissa Ewald

IDX Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Copyright ©2024 MIBOR REALTOR® Association. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Last updated on: 11/17/2024, 6:16:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$1,814

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,116

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-590468
5
/10

  • Weston Elementary School

  • 140 Polk Ave

  • 0.26 miles

  • Public District Grades KG-3

school-card-donut-590469
6
/10

  • Harris Elementary School

  • 200 W Park Ave

  • 0.87 miles

  • Public District Grades KG-3

school-card-donut-590470
7
/10

  • Jb Stephens Elementary School

  • 1331 N Blue Rd

  • 2.55 miles

  • Public District Grades PK-3

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,761. Typical income of Greenfield, IN residents is less than $35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Greenfield, IN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Greenfield, IN?

Greenfield's housing market showcases a blend of residential options, with single-family homes being the most prevalent, reflecting a mix of architectural styles from classic American craftsman to contemporary designs. The housing stock also includes a selection of apartments and townhouses, accommodating a range of preferences and needs. The majority of homes were constructed during a growth phase in the late 20th century, with many neighborhoods featuring mature trees and established landscaping. The homeownership rate in Greenfield is robust, with a significant majority of residents owning their homes, while a smaller yet substantial segment of the population opts for renting.

Is Greenfield, IN a good place to live?

Greenfield is celebrated for its small-town charm and community-oriented atmosphere. The city prides itself on its rich history, with local landmarks and museums commemorating the life and legacy of notable figures such as James Whitcomb Riley, the famed Hoosier poet. Seasonal festivals and community events, like the Riley Festival, contribute to the city's vibrant cultural scene and provide residents with opportunities to connect and celebrate their shared heritage.

Are things conveniently located in Greenfield, IN?

The community is served by a solid educational system, including a number of public schools that cater to various age groups, private educational institutions, and specialized programs that cater to diverse learning needs. Healthcare services in Greenfield are comprehensive, with facilities offering urgent care, primary care, and emergency services to meet the health needs of residents. The city also features a public library system that serves as a resource and gathering place for the community. Retail and dining options reflect the local culture, with a mix of independent shops and eateries alongside familiar chains, providing a range of choices for shopping and dining.

What does the transportation in Greenfield, IN look like?

Transportation in Greenfield includes a network of well-maintained roads and highways that connect residents to nearby cities and towns, facilitating easy commuting and travel. Public transit options are available, providing residents with alternatives to private vehicle use. The community's layout encourages walkability in several areas, particularly in the downtown district, and there are bike-friendly routes for cycling enthusiasts. While specific ride-sharing services are operational in the area, residents also have access to traditional taxi services for added convenience.

Rocket Homes›Indiana›Hancock County›Greenfield›46140›106/108 N Franklin St

This home is located at 106/108 N Franklin St in Greenfield, IN and zip code 46140. This home, which was built in 1940, sits on a 0.11 acre lot. It has been listed on Rocket Homes since August 15, 2024 and is currently priced at $350,000.

Greenfield, IN housing market in October 2024 saw over 5 listings sold above listed price, more than 14 sold at listed price and over 26 sold below. Between September 2024 and October 2024, Greenfield, IN real estate market has seen increase in the number of listings by 3.4%. The median list price of listings available in October 2024 was $279,932, while the average time on the real estate market was 33 days.

From Rocket Homes Real Estate and based on county public records data.

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