Description
This is a premium, approximately one acre commercial site in the Town of Franklin, just across from the entrance to Franklin High School. The property is improved with a building with six apartment units. These units have been managed with low turnover in mind. These units are typically leased to long term tenants, with the majority of the leases on month to month terms. This allows a new owner to increase the rental rates to market levels, which are $850 and up for similar units in this area. Typical units feature painted sheetrock walls, carpeted flooring, average quality appliances, bathrooms and kitchens. There is adequate paved parking available for each unit with two separate driveways and access points fro Porter Street. The rental market in Franklin is incredible with very little vacancy and rents which have risen significantly over the past several years. The property is available for sale at price of $750,000.
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14BEDS
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0.97ACRES
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7BATHS
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01/2 BATHS
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4000+SQFT
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$188$/SQFT
School Ratings & Info
Description
This is a premium, approximately one acre commercial site in the Town of Franklin, just across from the entrance to Franklin High School. The property is improved with a building with six apartment units. These units have been managed with low turnover in mind. These units are typically leased to long term tenants, with the majority of the leases on month to month terms. This allows a new owner to increase the rental rates to market levels, which are $850 and up for similar units in this area. Typical units feature painted sheetrock walls, carpeted flooring, average quality appliances, bathrooms and kitchens. There is adequate paved parking available for each unit with two separate driveways and access points fro Porter Street. The rental market in Franklin is incredible with very little vacancy and rents which have risen significantly over the past several years. The property is available for sale at price of $750,000.
© 2023 Franklin Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Old Town Brokers. Data last updated: 2023-12-08T13:31:55.357.