Franklin Multi Family
Closed
Price: $1,050,000
Available Square Footage: 4,384 sf
Acreage: 1.15
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About this Listing
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615.790.5099
tom@lochcompany.com
Description
Prime Franklin Tennessee multi-family. Two individual duplexes for sale. Each unit has half acre of land, combined in 1+- acre of land taking 50% of a cul-de-sac. Townhouse style units. 2 bedrooms, 1/2 bath and 1 full bath. Living room and kitchen on level one, two bedrooms and full bath on second level. Large lots, fireplace, patio. Located very close to downtown Franklin and shopping. Each unit has approximately 1096 sq. ft.
Expenses:
Taxes $3450 each Unit. $2500 each for lawn care and insurance. Tenants pay their own utilities.
$67,308 annual gross income.
$55,408 Net Income.
Rents:
104 A Meredith Place $1,550.00: Lease dates: 9-15-2020 – 9-30-2021. Newly remodeled. All units are the same floor plan.
104 B Meredith Place $1,414.00 $25 pet fee: Lease Dates: 1/14/2019- 1/31/2021. Updated about 4+- years ago.
108 A Meredith Place $1,295.00: Lease Dates: 7/1/2019-6/30/2021 O
108 B Meredith Place $1,350.00: Lease Dates: 6-15-2020 – 6-30-2022. Updated about 4+- years ago
Details
Online:
Property Type: Building
Sub Type: Multifamily
Price: 1,050,000
Square Feet Available: 4,384 sf
Year Built: 1985
Sale Status: Closed
Tax: $$3,394.38 + 3,430.52
Sale Type: Sale
Cap Rate: 5
Building Square Feet: 4,384 sf
Tenancy: 100%
Class: B
Acreage: 1.15
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