Skip to content

Franklin Multi Family
For Sale

Price: $1,050,000

Available Square Footage: 4,384 sf
Share this Property

Description

Prime Franklin Tennessee multi-family.  Two individual duplexes for sale.  Each unit has half acre of land, combined in 1+- acre of land taking 50% of a cul-de-sac.  Townhouse style units.  2 bedrooms, 1/2 bath and 1 full bath. Living room and kitchen on level one, two  bedrooms and full bath on second level.  Large lots, fireplace, patio.  Located very close to downtown Franklin and shopping.  Each unit has approximately 1096 sq. ft. Expenses: Taxes $3450 each Unit.   $2500 each for lawn care and insurance.  Tenants pay their own utilities. $67,308 annual gross income. $55,408 Net Income. Rents: 104 A Meredith Place $1,550.00: Lease dates: 9-15-2020 - 9-30-2021.  Newly remodeled.  All units are the same floor plan. 104 B Meredith Place $1,414.00 $25 pet fee: Lease Dates:  1/14/2019- 1/31/2021. Updated about 4+- years ago. 108 A Meredith Place $1,295.00: Lease Dates:  7/1/2019-6/30/2021 O 108 B Meredith Place $1,350.00: Lease Dates:  6-15-2020 - 6-30-2022.  Updated about 4+- years ago

Details

Property type: Building

Sub type: Multifamily

Price: 1,050,000

Available square feet: 4,384 sf

Year built: 1985

Tax amount: $3,394.38 + 3,430.52

Sale status: Closed

Sale / lease: For Sale

Cap rate: 5

Building square feet: 4,384 sf

Acreage: 1.15

Building class: B

Tenancy: 100%

Terms

Cash

Gallery

Map