351 Porter Street
Franklin,
NC
28734
Property Details
List Price: |
$649,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
-- |
Agency: |
Evan Harrell Realty, Inc. |
Description/Comments
Lot Size: |
-- |
Property Type: |
Commercial |
Year Built: |
-- |
Notes: |
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. |
MlsNumber: |
26035777 |
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Listing Provided By: |
Evan Harrell Realty, Inc., original listing |
Name: |
Evan Harrell Realty, Inc. |
Phone: |
(828) 371-5103 |
Office Name: |
Realty One Group Vibe |
Office Phone: |
(828) 370-8423 |
Agent Name: |
Thomas Evan Harrell |
Disclaimer: |
Copyright © 2024 Carolina Smokies Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |