5 Franklin Place, Chattanooga

$190,000

0 Bed
0 Bath
908 Sqft
0 Acre
0 Garage

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.

Essential Information
MLS® #1398635
Price$190,000
Bathrooms0.00
Square Footage908
Acres0.00
Year Built1930
TypeResidential Income
Sub-TypeTriplex
StatusPending
Community Information
Address5 Franklin Place
SubdivisionHewitt Wilson Etal
CityChattanooga
CountyHamilton
StateTN
Zip Code37412
Amenities
UtilitiesSewer Connected
Interior
HeatingElectric
CoolingWall Unit(s), Window Unit(s)
Has BasementYes
BasementCellar
Exterior
Lot DescriptionSplit Possible
RoofMetal
ConstructionAluminum Siding
School Information
ElementaryEast Ridge Elementary
MiddleEast Ridge Middle
HighEast Ridge High
Additional Information
Date ListedOctober 28th, 2024
Days on Market34
Property History
Status Changed from Active to PendingStatus Changed from Pending to Active
Status Changed from Active to Pending
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Listing Courtesy Of: Crye-Leike, REALTORS

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This site was last updated on December 2nd, 2024 at 6:15pm