Bought with CRM Properties, Inc
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Key Details
Sold Price $1,600,000
Property Type Other Types
Sub Type Apartment Complex
Listing Status Sold
Purchase Type For Sale
Square Footage 15,568 sqft
MLS Listing ID IRM202610440
Sold Date 07/29/26
Style Traditional
Bedrooms 31
Full Baths 16
HOA Y/N No
Year Built 1967
Annual Tax Amount $16,526
Tax Year 2025
Lot Size 1.650 Acres
Acres 1.65
Lot Dimensions 1.65
Property Sub-Type Apartment Complex
Property Description
Nestled in the heart of Franklin, 1410 E Jefferson Street presents a well-maintained and fully occupied 16-unit investment opportunity comprised of two attractive brick buildings, each containing 8 spacious apartments. Many units have been recently updated with vinyl plank flooring, and each unit features a functional floorplan with a large private patio or balcony, enhancing overall tenant appeal. A common area laundry facility is available for tenant use, providing an additional income stream. The buildings are thoughtfully positioned across from one another, with a large central parking lot offering approximately 40 spaces. Tenants are responsible for all utilities. With consistent rental demand in the Franklin market, this asset presents a compelling opportunity for both stable in-place income and immediate upside, making it an ideal addition for investors seeking a balance of manageability and portfolio growth. Financials available upon request. Seller financing offers will not be considered.
Location
State IN
Rooms
Basement Crawl Space
Interior
Heating Forced Air
Fireplace N
Exterior
Parking Features Parking Lot, Paved
View Y/N true
Total Parking Spaces 40
Building
Lot Description Level
Story Two
Sewer Public Sewer
Water City
Level or Stories Two
New Construction No
Schools
Elementary Schools Webb
Middle Schools Franklin
High Schools Franklin
School District Franklin Community School Corp.
Others
Pets Allowed No
Tax ID 41-08-13-043-096.000-018
Monthly Total Fees $13, 000
Acceptable Financing IRM202610440
Listing Terms IRM202610440
Financing Conventional
Special Listing Condition None
Pets Allowed Yes
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IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.
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