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    603 E Franklin Street

    Spencer, IN 47460
    • $150,000
    • STATUS: Cont-AccptngBackupOffers
    • ON SITE: 44 days
    • MLS #: 202041908
    UPDATED: 10 min ago
    $150,000
    • 4
      BEDS
    • 0.19
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 1,672
      SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    This property offers a remarkable opportunity to live in one unit while paying the mortgage with the income from the second unit. The main level is leased through October 2021. The upstairs unit is not currently leased. The property can also be easily returned to a single family home. Spacious, with beautiful hardwood throughout the entire property, the upkeep is minimal- no painting needed between tenants! Each unit has two generous bedrooms, a family room, a kitchen and a full bath. The main level unit also has a full basement. There is an attached two car garage, shared by each unit. This unique property is located near downtown Spencer and is a rare find. The upstairs unit is easy to show- contact the listing agent for access to the main level unit.

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    © 2020 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Parker Team | Keller Williams Realty. Data last updated: 2020-11-30T08:27:50.897.

    www.parkerteamhomes.com/homes/111070427
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    603 E Franklin Street Spencer, IN 47460

    • Price: $150,000
    • Status: Cont-AccptngBackupOffers
    • Updated: 10 min ago
    • MLS #: 202041908
    4
    Beds
    2
    Baths
    0
    ½ Baths
    0.19
    Acres
    1,672
    SQFT
    $90
    $/SQFT
    1949
    Built
    Neighborhood:
    None
    County:
    Owen
    Area:
    Owen
    Elementary School:
    Spencer
    Middle School:
    Owen Valley
    High School:
    Owen Valley
    School District:
    Spencer-Owen Community Schools
    Property Description
    This property offers a remarkable opportunity to live in one unit while paying the mortgage with the income from the second unit. The main level is leased through October 2021. The upstairs unit is not currently leased. The property can also be easily returned to a single family home. Spacious, with beautiful hardwood throughout the entire property, the upkeep is minimal- no painting needed between tenants! Each unit has two generous bedrooms, a family room, a kitchen and a full bath. The main level unit also has a full basement. There is an attached two car garage, shared by each unit. This unique property is located near downtown Spencer and is a rare find. The upstairs unit is easy to show- contact the listing agent for access to the main level unit.
    Exterior Features

    Architectural Style Salt Box Driveway Gravel Exterior Vinyl Location City/Town/Suburb Lot Description Corner Lot Dimensions 60 X 136 Outbuilding None Parking GarageGravelOff Street Parking Spaces 4 Pool YN No Roof Material Asphalt Style Two Story Unit1 Garage Type Attached Unit2 Garage Type Attached Waterfront YN No

    Interior Features

    Above Grade Bedrooms 4 Above Grade Finished Sqft 1672 Above Grade Unfin Sq Ft 0 Amenities BasementCeiling FanOff Street ParkingGarage Door Opener Basement Foundation Full Basement Basement Material Block Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 836 Cooling Central Air Dishwashers 0 Disposals 0 Dryers 2 Flooring Wood Heating Fuel Gas Main Level Sq Ft 836 Microwaves 0 Ranges Ovens 2 Refrigerators 2 Rooms Below Grade 0 Total Baths 2 Total Below Grade Sqft 836 Total Sq Ft 2508 Unit1 Basement YN Yes Unit1 Bathrooms 1 Unit1 Bedrooms 2 Unit2 Basement YN No Unit2 Bathrooms 1 Unit2 Bedrooms 2 Unit2 Sq Ft 836 Upper Level Sq Ft 836 Wash Dry Hookups 2 Washers 2

    Property Features

    Annual Electric Expense 750 Annual Fuel Expense 1000 Annual Gross Rent 16200 Annual Insurance Expense 1430 Annual Maint Expense 500 Annual Misc 0 Annual Net Income 9701 Annual Property Tax 2079 Annual Trash Expense 240 Annual Water Sewer Exp 500 Assessed Value 103900 Assoc Dues Frequency Not Applicable Documents Available Sellers Disclosure Efficiencies 0 Electric Company Duke Energy Indiana Energy Efficient Appliances Exemptions Mortgage Existing Financing Conventional For Sale Or Rent For Sale Four Bedrooms 0 Gas Company Community Natgas(Spencer) Gross Monthly Income 1350 Gross Monthly Rent 1350 Lease Term 1 Year New Construction No One Bedrooms 2 Owner Pays SewerWater Owner Real Estate License YN No Pet Restrictions YN Yes Planned Unit Dev YN No Property Sub Type Duplex Proposed Financing ConventionalFhaVa Reo YN No Sale Includes BuildingLease Sewer Private Tenant Pays ElectricHeatingLawn MaintenanceTrash Collection Three Bedrooms 0 Township Washington Two Bedrooms 2 Unit1 Unit Rent 700 Unit2 Unit Rent 650 Units Rented 1 Water Company Bbp Water Meters 1 Water Utility City Year Taxes Payable 2019

    Listing courtesy of Michelle Papp of Re/Max Acclaimed Properties.
    © 2020 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Parker Team | Keller Williams Realty.


    © 2020 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Parker Team | Keller Williams Realty. Data last updated: 2020-11-30T08:27:50.897.

     
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    Lafayette IN, 47905