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509 Alexander Drive. Franklin TN
For Sale

Price: $595,000

Available Square Footage: 2,244 sf
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Description

Franklin Multi Family.  Duplex with large back yard.  Each tenant pays $1425.00 per month.  2 Bedroom 1 1/2 bath units.  A side lease expires 3-30-2023.  B side lease expires May 31, 2022.  Both units have been upgraded in recent years. Fireplaces. Washer and Dryer area off kitchen.  Property Taxes $3432, Insurance $850, Maintenance $1500. NOI: $28,418

Details

Property type: Building

Sub type: Multifamily

Price: 595,000

Available square feet: 2,244 sf

Net operating income: 4.8

Year built: 1983

Zoning: PD

Tax ID: 063J C 012.00 000

Tax amount: 3,442

Sale status: Closed

Sale / lease: For Sale

Cap rate: 28,418

Building square feet: 2,244 sf

Building class: B

Terms

Cash or conventional Financing

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