Description
Welcome to 5 Franklin Pl, Chattanooga, TN 37411an 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.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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908SQFT
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$209$/SQFT
School Information
Description
Welcome to 5 Franklin Pl, Chattanooga, TN 37411an 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.
5 Franklin Place Chattanooga, TN 37412
Property Description
Architectural Style [] Attached Garage YN No Carport Spaces 1 Carport YN Yes Construction Materials Aluminum Siding Exterior Features [] Fencing [] Foundation Details [] Garage YN No Lot Features Split Possible Other Structures [] Parking Features Off Street Patio And Porch Features DeckPatio Pool Features [] Roof Metal Roof Metal Yes Structure Type [] View [] View YN No Waterfront Features [] Waterfront YN No
Accessibility Features [] Appliances [] Basement Cellar Basement YN Yes Building Area Total 908 Cooling Multi UnitsWindow Unit(s) Cooling YN Yes Fireplace Features [] Fireplace YN No Flooring [] Heating Electric Heating YN Yes Interior Features [] Laundry Features Common Area Levels One Window Features []
Association Amenities [] Association YN2 No Auction YN2 No Community Features [] Green Energy Efficient [] Green Sustainability [] Green Water Conservation [] Listing Terms CashConventional New Construction YN No Other Equipment [] Property Sub Type Triplex Security Features [] Senior Community YN No Sewer Public Sewer Special Listing Conditions Investor Tax Annual Amount 1263.52 Utilities Sewer Connected Utilities Sewer Connected Yes Water Source Public
Listing information © 2025 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of Crye-Leike, REALTORS: 423-870-5202.
