1. Tennessee
  2. Chattanooga
  3. 5 Franklin Place
$190,000

5 Franklin Place, Chattanooga, TN 37412

  • 908 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1930
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $209/sqft
  • Property List Date Icon Listed 5 months ago

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.

Listing Status:
Active
Date Added:
February 10, 2025 at 06:00AM
Listing Office:
Crye-Leike, REALTORS : 423-870-5202
MLS ID:
1507159
  • Laundry: Common Area
  • Basement: Cellar
  • A/C: Multi UnitsWindow Unit(s)
  • Heating: Electric

This listing courtesy of Crye-Leike, REALTORS

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

E

East Ridge Elementary School

1014 John Ross Rd, Chattanooga, TN, 37412

Grades PK-5

1.19 miles away

E

East Ridge Middle School

4400 Bennett Rd, Chattanooga, TN, 37412

Grades 6-8

1.82 miles away

E

East Ridge High School

4320 Bennett Rd, Chattanooga, TN, 37412

Grades 9-12

1.75 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.