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351 Porter Street

Franklin, NC 28734
  • $649,000
  • STATUS: Active
  • ON SITE: 70 Days
  • MLS #: 26035777
UPDATED: 42 min ago
$649,000
  • 0
    BEDS
  • 0.97
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1946
County:
Area:

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 from 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 the price of $649,000.

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© 2024 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: 2024-04-24T16:31:25.257.
www.oldtownbrokers.com/homes/147568842
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351 Porter Street Franklin, NC 28734

  • Price: $649,000
  • Status: Active
  • On Site: 70 Days
  • Updated: 42 min ago
  • MLS #: 26035777
0
Beds
0
Baths
0
½ Baths
0.97
Acres
1946
Built
Neighborhood:
Summer Hill
County:
Macon
Area:
Franklin
Property 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 from 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 the price of $649,000.
Exterior Features

Access City Street Acreage Range < 1 acre Construction Frame Parking Parking LotPaved Driveway Roof Wood Joist Utilities Electricity AvailableWater AvailableSewer Available

Interior Features

Apx Sq Ft Other-See Remarks Cooling None Floors Vinyl Heating Electric Baseboard Restrooms 7

Property Features

Building Size 52.5 x 28 and 24 x 2 Building2 32 x 23 Building3 N/A Building4 N/A City Tax 1314.19 County Tax 2147.93 Easements Restrictions Yes Financing CashConventional Lease Terms Month To Month Location City Miscellaneous Restroom-Private Parcel ID 6594074911 Possession At Closing Township Franklin (Macon Co.) TV / Internet Cable Internet Type Multi-Family

Listing information © 2024 Franklin Board of Realtors MLS
Listing provided courtesy of Thomas Evan Harrell of Realty One Group Vibe: 8283708423.



© 2024 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: 2024-04-24T16:31:25.257.
 
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