Site Map
-
Commercial Real Estate
- Brokerage Services
- Develop and Construct
- Group Brokerage
- Industrial
- Land
- Multi-Family
- Retail
- Property Management
- Tenant Representation
-
Group Brokerage
- Churches
- Medical Space
- Hotel/Motel
- Restaurant
BEDS0
BATHS
SQUARE FEET2,724
MLS#3132231
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONHewitt Wilson Etal
Property Description
Income-producing multi-family property with 2 of the 3 units rented month to month with LONG TERM TENANTS, each featuring one bedroom and one bathroom. This investment opportunity offers immediate cash flow with a gross monthly income of $1,440 per month, a 9.3% CAP RATE. Unit #1 was previously rented for $740 a month. With all 3 units rented out, the new owner could have a +/- 14% CAP RATE. The property includes a metal roof, a convenient community laundry area, and owner-paid utilities. Whether you're looking to continue renting for a 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 contingent on the buyer touring the property and approving the property.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s)
Heating: Electric
Lot Size: 0.21 Acres
Roof Type: Metal
Stories: 1.0
Taxes: $1,264
Year Built: 1930
Feature Descriptions
Days on Site: 12
Exterior: Aluminum Siding, Other
Lot Dimensions: 72.5X126
Parcel#: 156M A 006
Parking: Detached, Attached, Driveway
Parking Notes: Detached, Attached, Driveway
Sewer: Public Sewer
Units: 3
Utilities: Electricity Available, Water Available
Water: Public
Local Schools
High School: East Ridge High School
Middle School: East Ridge Middle School
Elementary School: East Ridge Elementary School
Listed By / Shown By
Listed By
Agency Name: Real Estate Partners Chattanooga, LLC
Agency Phone: 4232650088
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: Nashville MLS
Estimate Your Payment
Estimated Payment
$ 105.33 per month $0.00 Principal & Interest $105.33 Property Tax $0.00 Homeowner's Insurance
5 Franklin Place | MLS# 3132231
This multi-family property located at 5 Franklin Place, Chattanooga, TN 37412 is currently listed for sale with an asking price of call for price. Search Chattanooga real estate on www.clcommercialrealestate.com today.