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298 Johnson Avenue

Franklin IN 46131

3964 sq. ft.
Duplex
Currently for sale - view listing

Overview

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.

Features

3964 sq. ft. lot size
Duplex

Happy sellers in Franklin

86%
86% of sellers in Franklin reported that their sale price either exceeded or met their price expectations.

Franklin stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 10 reviews in Franklin over the last 12 months.

Local market activity for duplexes in Franklin

In the last 12 months, 6 duplexes similar to 298 Johnson Avenue, have been sold.

This represents a 150% decrease in duplexes sales when compared to the previous 12 months.

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