317-756-9895
1057 S Jackson St, Frankfort, IN for Sale
Apartments - FOR SALE
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1057 S Jackson St
Frankfort, IN 46041


HIGHLIGHTS

  • High Historic Occupancy
  • Under Market Rents
  • High Submarket Occupancy
  • New Roof in 2024

OVERVIEW

XMark Midwest is pleased to present to market The Key Motel in Frankfort, IN. Located at 1057 S Jackson St, Frankfort, IN, this 1969, 2-story building sits on on .3 acres and has 22 studio units with approximately 400 sqft. This offering is a fantastic opportunity for an investor to continue the efforts of the previous owner. The Key Motel received a new roof in 2024, and has received miscellaneous cosmetic upgrades. The property remains highly occupied throughout the year. Moreover, new ownership can elevate rents to match market rates ($57 average increase).

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

22

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,520 SF

ZONING

-

APN/PARCEL ID

12-10-10-482-023.000-021

ASK ABOUT THIS PROPERTY

Michael WernkeXMark MidwestMore Info
317-756-9895

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Michael WernkeXMark MidwestMore Info
317-756-9895

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.