Chattanooga, TN 37412,5 Franklin PL
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Chattanooga, TN 37412,5 Franklin PL
Chattanooga, TN 37412,5 Franklin PL
Chattanooga, TN 37412,5 Franklin PL
Chattanooga, TN 37412,5 Franklin PL
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$ 190,000
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Pending

5 Franklin PL Chattanooga, TN 37412

908 SqFt


UPDATED:

10/28/2024 10:49 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

Square Footage 908 sqft

Price per Sqft $209

Subdivision Hewitt Wilson Etal

MLS Listing ID 1398635

Originating Board Greater Chattanooga REALTORS�

Year Built 1930

Lot Dimensions 72.5X126

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

Rooms

Basement Cellar

Interior

Heating Electric

Cooling Wall Unit(s), Window Unit(s)

Fireplace No

Heat Source Electric

Laundry Common Area

Exterior

Carport Spaces 1

Utilities Available Sewer Connected

Roof Type Metal

Porch Deck, Patio

Garage No

Building

Lot Description Split Possible

Faces From I-24 W, take exit 184 toward Moore Rd. Merge onto North Terrace. Turn left onto S Germantown Rd. Turn right onto Cathy Ln. Turn left onto Donaldson Rd. Continue straight onto Poindexter Ave. Turn right onto Franklin Pl. Home will be on the left.

Story One

Water Public

Structure Type Aluminum Siding

Schools

Elementary Schools East Ridge Elementary

Middle Schools East Ridge Middle

High Schools East Ridge High

Others

Senior Community No

Tax ID 156m A 006

Acceptable Financing Cash, FHA, Owner May Carry

Listing Terms Cash, FHA, Owner May Carry

Special Listing Condition Investor


Listed by Crye-Leike, REALTORS

Nic Nicaud

Broker | License ID: 302707

+1(865) 742-1312

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5 Franklin PL