Description
Welcome to 5 Franklin Pl, Chattanooga, TN 37411--an 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 37411--an 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 Pl Chattanooga, TN 37412
Property Description
Exterior Aluminum/Vinyl Garage Parking Single Carport Lot Description Extra Lot Available Lot Size Dimensions 72.5X126 Roof Metal
Basement Cellar Cooling Window/Wall Unit Description 1 Level Heating Electric Unit One Bedrooms 1 Unit One Features 1 Bath1 BedroomDeck/PatioEfficiencyOven/RangeRefrigerator Unit One Full Baths 1 Unit Three Bedrooms 1 Unit Three Features 1 Bath1 BedroomEfficiencyKitchenOven/RangeRefrigerator Unit Three Full Baths 1 Unit Two Bedrooms 1 Unit Two Features 1 Bath1 BedroomDeck/PatioKitchenOven/RangeRefrigerator Unit Two Full Baths 1
Community Features Community Laundry Existing Financing None Financing CashFHAOwner Gross Monthly Rent 2300.00 Home Warranty No Owner Pays All Utilities Possession Day of Closing Property Sub Type Triplex Senior Community YN No Taxes 1263.52 Tenant Pays None Type Of Sale Home OwnerInvestor Unit One Unit Number 1 Unit Three Unit Number 3 Unit Two Unit Number 2 Water Sewer On SewerPublic Water
Listing information © 2024 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of Crye-Leike, REALTORS: (423) 870-5202.
