1433 W Franklin Street Elkhart, IN 46516
4 bed / 5 bath / 2,904 Sq. Ft. / 7,841 Sq. Ft., 0.18 acres lot size / Fourplex
Status: Sold
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Turnkey investment opportunity with built-in cash flow! This 100% occupied fourplex delivers immediate income with reliable long-term tenants already in place who would like to stay, minimizing vacancy risk from day one. Unit A includes valuable basement access with newer mechanicals and offers additional storage and added tenant convenience. Unit B, located on the upper level, has been refreshed with newer flooring, windows, and paint. Unit C features an attached garage, a highly desirable amenity that increases rental value. Studio Apartment D has been recently painted and is currently leased, adding to the property's stable income stream. A strong addition to any investment portfolio with immediate returns and excellent long-term potential.
property details
Type
Fourplex
Status
Closed
County
Elkhart
Year Built
1910
Sq. Ft.
3,872
Lot Size
7,841 Sq. Ft., 0.2 acres
Listing Id
202606198
Courtesy Of
Heidi Gaskill - Berkshire Hathaway HomeServices Elkhart Office: 574-293-1010
List Office Phone
+1 (574) 293-1010
Subdivision
None
Interior Features
Beds
4
Full Baths
4
Half Baths
1
Living Area Units
Sq. Ft.
Flooring
Vinyl
Appliances
Range
Refrigerator
Refrigerator
Bathrooms Total
5
Exterior Features
Parking
Off Street
Stories
1
Utility & Building Info
Below Grade Finished Area
0
Price Per Sq Meter
$0
Heating
Gas Heat
Forced Air
Forced Air
Building Area Total
3,872 Sq. Ft.
Architectural Style
Other
Northern Michigan MLS, Inc listings presented by:
203 Bridge St.
Charlevoix, Michigan 49720
(231) 547-9905
Price History
| date | event | price | source |
|---|---|---|---|
|
04/14/2026
04/14/2026
|
Sold |
$232,500
|
Indiana Regional MLS |
|
04/01/2026
04/01/2026
|
Pending |
$250,000
|
Indiana Regional MLS |
|
02/27/2026
02/27/2026
|
Active |
$250,000
|
Indiana Regional MLS |
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Market Trends
Source: Constellation1
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