FANTASTIC BUY AND HOLD OPPORTUNITY in Frankton!!! Located in Frankton, Indiana, a small town in Madison County with great schools, this double duplex deal is a WINNER! Both duplexes are all brick and three of the four units are tenant occupied. One unit recently became vacant. These duplexes are next door to each other with 2 bedrooms and 1 bath per unit. All tenants are currently month-to-month.
5757 unit – $650/month in rent
5763 unit – $800/month in rent
5789 unit – $650/month in rent
5783 unit – just became vacant but was getting $950/month in rent
These are currently being professionally managed. Potential cash flow is $950 per month/ per unit for a total of $3800 gross rents per month. Owner pays electric which runs about $36 per month per duplex. Tenants pay for their own trash.
Roof – unsure of age but both look good
Furnaces – unsure of age
Water Heater – 2023
Crawl Spaces – both property crawls were recently waterproofed
Septic – just pumped on 5783/5789 property
Recently updated bathroom on unit 5763
Do NOT disturb occupants. Please reply for showing information.
DO NOT Disturb occupants. All of our properties are sold “AS IS, WHERE IS” and buyer is responsible for their own due diligence before purchase. Our properties sell quickly to our highest and best offer. We require a signed purchase agreement and $5000 non-refundable earnest money upon acceptance to lock up the deal. This house is being offered for all cash. Also, it is our company policy that the buyer pays for all closing costs including title insurance fee, and assumes taxes due in November or May of this year. All information provided has been gathered to the best of our knowledge. However, we make no representations of any kind and buyer is responsible for conducting their own research before submitting an offer. If you are interested in viewing this property, please respond to this email or contact me at 630.303.3444.
Realtors, we love working with you, please add your fee on top of our price.