5 Franklin PL Active Save Request In-Person Tour Request Virtual Tour
Chattanooga,TN 37412
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 908 sqft
Price per Sqft $209
Subdivision Hewitt Wilson Etal
MLS Listing ID 1507159
Year Built 1930
Property Sub-Type Triplex
Property 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.
Location
State TN
County Hamilton
Interior
Heating Electric
Cooling Multi Units,Window Unit(s)
Laundry Common Area
Exterior
Parking Features Off Street
Garage Description Off Street
Utilities Available Sewer Connected
Roof Type Metal
Building
Lot Description Split Possible
Story One
Sewer Public Sewer
Water Public
Structure Type Aluminum Siding
Schools
Elementary Schools East Ridge Elementary
Middle Schools East Ridge Middle
High Schools East Ridge High
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Investor