5 Franklin Place, Chattanooga, TN 37412
5 Franklin Place, Chattanooga, TN 37412
5 Franklin Place, Chattanooga, TN 37412
5 Franklin Place, Chattanooga, TN 37412
5 Franklin Place, Chattanooga, TN 37412
5 Franklin Place, Chattanooga, TN 37412
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Cullum Stirling

Cullum Stirling

+1(615) 882-4178
Listed by Dustin Mullins • Real Estate Partners Chattanooga, LLC
$ 150,000
Est. payment | /mo

2,724 SqFt

Save
$ 150,000
Est. payment | /mo
Save

2,724 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,724 sqft

Price per Sqft $55

Subdivision Hewitt Wilson Etal

MLS Listing ID 3132231

HOA Y/N No

Year Built 1930

Annual Tax Amount $1,264

Lot Dimensions 72.5X126

Property Description

Income-producing multi-family property with 2 of the 3 units rented month to month with LONG TERM TENANTS, each featuring one bedroom and one bathroom. This investment opportunity offers immediate cash flow with a gross monthly income of $1,440 per month, a 9.3% CAP RATE. Unit #1 was previously rented for $740 a month. With all 3 units rented out, the new owner could have a +/- 14% CAP RATE.

The property includes a metal roof, a convenient community laundry area, and owner-paid utilities. Whether you're looking to continue renting for a 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 contingent on the buyer touring the property and approving the property.

Location

State TN

County Hamilton County

Interior

Heating Electric

Cooling Wall/Window Unit(s)

Fireplace N

Exterior

Utilities Available Electricity Available, Water Available

View Y/N false

Roof Type Metal

Private Pool false

Building

Story 1

Sewer Public Sewer

Water Public

Structure Type Aluminum Siding,Other

New Construction false

Schools

Elementary Schools East Ridge Elementary School

Middle Schools East Ridge Middle School

High Schools East Ridge High School

Others

Senior Community false

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Nearby Locations

Cullum Stirling
Cullum Stirling

Agent | Investor | Adventurer | License ID: 356937

+1(615) 882-4178 | cullum@stirlingventuregroup.com

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5 Franklin Place