Discover an exceptional multi-family investment opportunity in the heart of Franklin, NC!
This remarkable property spans approximately 8.2 acres and is located just minutes from the vibrant downtown area. It features city sewer and water connections that are already in place for existing buildings, with additional connections available for expansion. This presents a rare and lucrative opportunity for savvy investors. With a well-balanced portfolio of income-generating properties, this site is positioned for both immediate returns and future growth potential. The property features 14 rental opportunities, including 5 thoughtfully designed 3-bedroom, 2-bathroom townhomes built in 2010, ideal for attracting long-term tenants seeking quality housing. Additionally, there is an 8-unit apartment building built in 2012, with each unit comprising 2 bedrooms and 2 bathrooms, strategically located to meet the region's strong rental demand, ensuring a consistent and reliable income stream.
Furthermore, the property includes a charming 3-bedroom, 2-bathroom single-family home built in 1954, offering flexibility for use as either a primary residence or a short-term rental and appealing to a variety of potential occupants. One of the standout features of this property is its expansion potential. There is a considerable amount of undeveloped land available, and plans are already in place to construct an additional 17 residential units, including 15 townhomes and 2 apartment units. Investors can maximize returns in this highly desirable location. Additionally, these townhomes possess the opportunity for subdivision, allowing for each unit to be transformed and sold individually. Franklin is renowned for its enchanting mountain charm and offers convenient access to major highways and an array of local attractions, making it a prime choice for both residents and investors alike. Whether you're aiming to enhance your real estate portfolio or explore the potential of a mixed-use development, this property is a rare find with substantial upside.
Don’t let this opportunity slip away! Seize your chance to invest in the stunning landscapes of the Western North Carolina mountains today!
Discover Investment Opportunities in Franklin, North Carolina
Nestled in the heart of the picturesque Appalachian Mountains, Franklin, NC, offers a unique blend of small-town charm and growing economic vitality. Known for its stunning natural beauty, friendly community, and increasing demand for quality housing, Franklin is rapidly becoming a sought-after destination for both residents and investors alike.
Why Invest in Franklin?
Thriving Community: Franklin is home to a welcoming population, including families, retirees, and young professionals drawn by its excellent schools, safe neighborhoods, and vibrant community events.
Growing Demand for Housing: With its expanding job market supported by local businesses, healthcare facilities, and tourism, Franklin’s demand for affordable, quality housing has never been stronger. Multi-unit family properties here meet the needs of a wide range of residents, ensuring steady occupancy and rental income.
Natural Appeal: Surrounded by national forests, waterfalls, and outdoor recreational activities such as hiking, fishing, and kayaking, Franklin attracts nature enthusiasts seeking a peaceful yet active environment.
Strategic Location: Just a short drive from larger cities, Franklin offers the perfect balance between peaceful mountain living and easy access to urban amenities.
Investing in a multi-unit family property in Franklin means tapping into a promising market with consistent rental demand, excellent community support, and a rewarding lifestyle for tenants. This opportunity represents a chance to grow your portfolio while contributing to a thriving, supportive community.
520 Baird Cove Rd
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