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Key Facts

Type 
Levels Residential Income
Size 10911 sqft
Garage No
Maintenance Fees 
Taxes $11,226
Days Active 10
Approx. Age 1920
Avg. Price Per Sqft $140
MLS® Number 5049763

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

This attractive investment opportunity offers a strong mix of residential apartments and retail on the ground level. The majority of the units have been renovated, providing fresh, modern living spaces. Separately metered electric, paid by tenants, easy to manage! The retail units are either fully renovated or currently undergoing upgrades, further enhancing the property's appeal. The property is primarily 2 bedroom units, with 2 spacious one-bedroom units and 2 studio apartments. Signed three-year lease with annual rent escalations ensures long-term income growth and stability. Additional amenities include security cameras throughout the property for enhanced safety, a freshly paved parking area at the rear for added convenience, and coin-op laundry on site to serve residents while generating supplemental income. Located in Franklin, the property benefits from the ongoing development of Mill City Park and the city's designation as an Opportunity Zone, offering favorable tax incentives for future investors. Delayed showings begin 7/20/25.Show Description
MLS® Number5049763
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1920
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heatundefined, Natural Gas, Hot Water
A/CNone
Heating Fuel

Extras

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