165 Lakeview Drive

Franklin NC 28734

77101 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Investment Opportunity. Five unit apartment complex that has been managed with low turnover in mind. These units have been occupied by an average of five years or greater for each unit, with 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 a two-bedroom unit 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 and each unit has a deck which overlooks the Little Tennessee River. 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 $475, 000. The sales price includes the adjacent lot which allows for room for future expansion.

Features

8 bedrooms

5 bathrooms

77101 sq. ft. lot size

Multi-Family

Happy sellers in Franklin

We have insufficient information to provide an overview of customer satisfaction for Franklin. Viewing the agent profiles, reviews and sales for Franklin can provide insights for this location.