Description
Welcome to 5 Franklin Pl, Chattanooga, TN 37411an income-producing multi-family property with three rented units, each featuring one bedroom and one bathroom. This investment opportunity offers immediate cash flow with a gross monthly income of $2,300, with all tenants currently on month-to-month leases. The property includes a durable metal roof, a convenient community laundry area, and utilities covered by the owner. Whether you're looking to continue renting for steady income, renovate and increase rents for greater returns, or even live in one unit while renting out the others to cover your mortgage, this property offers endless possibilities. Don't miss out on this versatile investment in a prime location! No showings without an accepted offer.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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908SQFT
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$209$/SQFT
School Information
Description
Welcome to 5 Franklin Pl, Chattanooga, TN 37411an income-producing multi-family property with three rented units, each featuring one bedroom and one bathroom. This investment opportunity offers immediate cash flow with a gross monthly income of $2,300, with all tenants currently on month-to-month leases. The property includes a durable metal roof, a convenient community laundry area, and utilities covered by the owner. Whether you're looking to continue renting for steady income, renovate and increase rents for greater returns, or even live in one unit while renting out the others to cover your mortgage, this property offers endless possibilities. Don't miss out on this versatile investment in a prime location! No showings without an accepted offer.
5 Franklin Place Chattanooga, TN 37412
Property Description
Attached Garage YN No Carport Spaces 1 Carport YN Yes Construction Materials Aluminum Siding Garage YN No Lot Features Split Possible Patio And Porch Features DeckPatio Roof Metal Roof Metal Yes View YN No Waterfront YN No
Basement Cellar Basement YN Yes Building Area Total 908 Cooling Wall Unit(s)Window Unit(s) Cooling YN Yes Fireplace YN No Heating Electric Heating YN Yes Laundry Features Common Area Levels One
Association YN2 No Auction YN2 No Listing Terms CashFHAOwner May Carry New Construction YN No Property Sub Type Triplex Senior Community YN No Special Listing Conditions Investor Tax Annual Amount 1263.52 Utilities Sewer Connected Utilities Sewer Connected Yes Water Source Public
Listing information © 2024 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of Crye-Leike, REALTORS: 423-870-5202.
