510 East Franklin Street

Spencer, IN 47460

$295,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

A great investment opportunity conveniently located in Spencer. This property includes a 2 bedroom, 1- bath house. A rented 1-bedroom trailer and 3 rented trailer lots. 5 potential rental incomes on one piece of property. The house has been completely remodeled. New carpet, new vinyl windows, new baseboard heaters, new vinyl floor, new toilet, new vanity, and freshly painted inside and out just to name a few.A great investment opportunity conveniently located in Spencer. This property includes a 2 bedroom, 1- bath house. A rented 1-bedroom trailer and 3 rented trailer lots. 5 potential rental incomes on one piece of property. The house has been completely remodeled. New carpet, new vinyl windows, new baseboard heaters, new vinyl floor, new toilet, new vanity, and freshly painted inside and out just to name a few.
  1. Listed by Robert Ranard • HOME TEAM Properties • rranard@homefinder.org

Property Details for 510 East Franklin Street

Architectural Style
Bungalow
Subdivision Name
No Subdivision
Township
Washington
Waterfront
No
Zoning
Residential

Location

Listing Courtesy of HOME TEAM Properties
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LISTING UPDATED: 03/19/2024 09:41 AM

Property Details for 510 East Franklin Street

StatusActive
MLS #21968121
Days on Market59
Taxes$1,284 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1950
Lot Size0.84 AC / 36,590 SF
CountyOwen County

Location

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Add your commute

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Building Information for 510 East Franklin Street

Stories-Residences5Year Built1950Building Size-Lot Size0.84 AC / 36,590 SF

Payment Calculator

$1,824 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,610

Property Taxes

$214

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 510 East Franklin Street

Summary
Location and General Information
  • City: Spencer
  • County Or Parish: Owen
  • Directions: GPS Friendly
  • Postal Code: 47460
  • Road Access: Not Applic
  • Road Frontage Type: City Street
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 601021300400335028
  • Semi Annual Property Tax Amt: 1284
  • Tax Exemption: Homestead Tax Exemption,Mortgage Tax Exemption,Veteran Tax Exemption
  • Tax Year: 2023
  • TaxLot: 601021300400335028
School Information
  • Elementary School: Spencer Elementary School
  • High School: Owen Valley Community High School
  • Middle Or Junior School: Owen Valley Middle School
  • School District: Spencer-Owen Community Schools
Parking
  • Carport Spaces: 0.0
  • Garage Spaces: 0.0
Virtual Tour
Property
Lot Information
  • Acreage: 1/2-1 Acre
  • Current Use: Residential, See Remarks
  • Lot Description: Irregular Lot, Not In Subdivision
  • Lot Size Square Feet: 36590.0
  • Lot Size Acres: 0.84
  • New Construction: False
  • Structure Type: FreeStand
  • Year Built Numeric: 1950
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • Legal Subdivision: SW SW S21 T10 R3 .84A
  • Photos Count: 36
  • Property Attached: No
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Road Surface Type: Asphalt
  • Transaction Type: Sale
  • Property Condition: Updated/Remodeled
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: No
Interior and Exterior Features
Exterior Features
  • Construction Materials: Aluminum Siding
  • Foundation Details: Crawl Space
  • Roof: Asphalt
  • Fencing: Partial
Interior Features
  • Basement YN: No
  • Cooling: None
  • Heating: Baseboard
  • Levels: One
  • Laundry Features: Connections Some
Multi Family
Multi-Family Information
  • Total Units: 5
  • Garage Parking: 2 Car Space, Other
Income & Expenses
  • Expenses: 9073
  • Net Operating Income: $15,887.00
  • Gross Income: $24,960.00
Unit 1
  • Unit Kitchen: 10x17
  • Unit Levels: 1
  • Unit Miscellaneous: Dryer,Eat In Kitchen,Lndry Conn,Range/Oven,Refrigrater,Washer
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Elec,Heat Base Bd,Hot Wtr Elec
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Kitchen: 10x12
  • Unit Levels: 1
  • Unit Miscellaneous: Eat In Kitchen,Lndry Conn
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Elec,Fuel Elec,Fuel Elec,Fuel Elec,Fuel Elec,Fuel Elec,Fuel Elec,Fuel Elec,Fuel Elec,Fuel Elec,Fuel Elec,Fuel Elec
  • Unit Type Type: 1 Bedroom
Unit 3
  • Unit Kitchen: 1
  • Unit Levels: 1
  • Unit Miscellaneous: No Equip
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Other
Unit 4
  • Unit Kitchen: 1
  • Unit Levels: 1
  • Unit Miscellaneous: No Equip
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Other
Unit 5
  • Unit Kitchen: 1
  • Unit Levels: 1
  • Unit Miscellaneous: No Equip
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Other

Property History for 510 East Franklin Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 510 East Franklin Street

Taxable ValueLand$48,900Additions$79,500Total$128,400
Tax Record2023$2,568 ($214 / month)
Home Facts
Beds2Baths1Total Finished SqFt1,020 SqFtAbove Grade Finished SqFt1,020 SqFtStories1Lot Size36,590 SqFtStyleSingle Family ResidenceYear Built1950CountyOWENAPN60-10-21-300-400.335-028

Schools near 510 East Franklin Street

This home is within Spencer-Owen Community Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Spencer Elementary School
PublicPK to 6

Owen Valley Middle School
Public7 to 8

Owen Valley Community High School
Public9 to 12

Mccormick's Creek Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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510 East Franklin Street is a multi-family home for sale in Spencer, IN 47460. This property was listed for sale on March 12, 2024 by HOME TEAM Properties, it's currently listed at $295,000. This listing's school district is Spencer-Owen Community Schools. Nearby schools include Spencer Elementary School, Owen Valley Middle School and Owen Valley Community High School. 510 East Franklin Street is a 0-bed, 0-bath, multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of HOME TEAM Properties

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.