Active
5 Franklin Place
Chattanooga TN, 37412
$190,000
$209.25 per sqft
Active
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.
1507159
MLSⓇ ID
February 10, 2025
Listed
February 19, 2025
Updated
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
Area Name
East Ridge
Taxes
$1,264
Tax Frequency
Annually
Garage
No
Parking
Off Street
View
No
County
Hamilton
Water Source
Public
Pool
No
Utilities
Sewer Connected
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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