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MLS Number:
26043204
Subdivision:
CRAWFORD LAND
Township:
Franklin (Macon Co.)
City:
Franklin
State:
NC
Zip Code:
28734
List Price:
$3,100,000
Type of Property:
Commercial, Multi-Family
Area:
Franklin
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Restrooms:
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Listing Office:
Highlands Sotheby's International Realty (MLS) (#:2631)
Listing Agent:
Vanessa Moore (#:340)
Apx Acreage Range:
7-9.99
Parcel Size:
8.2
Remarks:
Discover an exceptional multi-family investment opportunity in the heart of Franklin, NC! This remarkable property spans approximately 8.2 acres & is minutes from the vibrant downtown area. It features city sewer & water connections already in place, with additional options for expansion. With a well-balanced portfolio of income-generating properties, this site is positioned for immediate returns & future growth. The property includes 14 rental opportunities: 5 thoughtfully designed 3-bedroom, 2-bathroom townhomes built in 2010, perfect for attracting long-term tenants. There’s an 8-unit apartment building built in 2012, each unit with 2 bedrooms & 2 bathrooms, meeting the region's strong rental demand. Additionally, a charming 3-bedroom, 2-bathroom single-family home built in 1954 offers versatility as a primary residence or a short-term rental. With considerable undeveloped land & plans for 17 additional residential units, including 15 townhomes & 2 apartments, investors can maximize returns in this desirable location. Franklin’s mountain charm & access to highways make this property a rare find. Seize this opportunity to invest in stunning landscapes of Western North Carolina!
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