298 Johnson Avenue, Franklin, IN 46131
- $265,000
- List Price
- $265,000
- Price Change
- ▼ $5,000 1788912882
- MLS#
- 22122086
- Status
- ACTIVE
- Days on Market
- 15
Property Description
Fully leased triplex in Franklin, producing from day one at $2,600/month gross - $31,200 annually - with all three units renting below current Franklin market rates. Two 1BR/1BA units plus a studio, separately metered so tenants carry their own utilities. Every unit is under lease through February 28, 2027, and these aren't turnover tenants: current residents have been in place anywhere from five to fifteen years. Built in 1935, two stories, covered front porch, on a 3,964 sq ft lot close to downtown Franklin. Maintained and rented consistently - no deferred-maintenance surprise waiting on the other side of closing. Collect the in-place income now, with room to bring rents to market as leases roll on March 1, 2027. Rent roll and expense figures available on request.
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Additional Information
- Expenses
- 5700
- Tenant Pays
- Electricity
- Owner Pays
- Lawncare, Taxes, Sewer, Water
- Stories
- Two
- Acres
- 0.09
- Financing
- Conventional
- Region
- Franklin
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Listing courtesy of Real Broker, LLC.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative