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.
|Bedrooms: 0||Property Type: Multi-Family|
|Bathrooms: 0||Year Built: 1942|
|Square Feet: 0||MLS #; 21610593|
|Lot Size: 5.7 acres||Price: $550,000.00|
Features and Amenities
|School District:||Franklin Community|
Listing provided courtesy of Jeff Paxson Team.
Information Deemed Reliable But Not Guaranteed. © 2019 Metropolitan Indianapolis Board of REALTORS®.