Pending

Contingent

5 Franklin Place

Chattanooga TN, 37412

$190,000


$209.25 per sqft

Pending

Contingent

908 sqft

Multi-family

Built in 1930

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.

1398635

MLS ID

October 28, 2024

Listed

December 12, 2024

Updated

Map

5 Franklin Place
Chattanooga TN, 37412

Interior Features

Total Stories

1


Laundry Description

Common Area


Fireplace

No


Cooling

Yes


Cooling Description

Wall Unit(s), Window Unit(s)


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Features

Split Possible


Roof

Metal

School Information

High School

East Ridge High


Elementary School

East Ridge Elementary

Other Property Details

Taxes

$1,264


Tax Frequency

Annually


Garage

No


View

No


County

Hamilton


Water Source

Public


Pool

No

Listing History

Date

Event

Price

10/28/2024

Pending

 

Courtesy of Crye-Leike, REALTORS

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Lawrence Team Homes shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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