Description
Fully leased triplex in Franklin, producing from day one at $2,600/month gross - $31,200 annually - with all three units renting below current Franklin market rates. Two 1BR/1BA units plus a studio, separately metered so tenants carry their own utilities. Every unit is under lease through February 28, 2027, and these aren't turnover tenants: current residents have been in place anywhere from five to fifteen years. Built in 1935, two stories, covered front porch, on a 3,964 sq ft lot close to downtown Franklin. Maintained and rented consistently - no deferred-maintenance surprise waiting on the other side of closing. Collect the in-place income now, with room to bring rents to market as leases roll on March 1, 2027. Rent roll and expense figures available on request.
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0BEDS
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0.09ACRES
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0BATHS
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01/2 BATHS
School Information
Description
Fully leased triplex in Franklin, producing from day one at $2,600/month gross - $31,200 annually - with all three units renting below current Franklin market rates. Two 1BR/1BA units plus a studio, separately metered so tenants carry their own utilities. Every unit is under lease through February 28, 2027, and these aren't turnover tenants: current residents have been in place anywhere from five to fifteen years. Built in 1935, two stories, covered front porch, on a 3,964 sq ft lot close to downtown Franklin. Maintained and rented consistently - no deferred-maintenance surprise waiting on the other side of closing. Collect the in-place income now, with room to bring rents to market as leases roll on March 1, 2027. Rent roll and expense figures available on request.
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