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254 Natchez St 4 Unit Apartment Building $1,195,000 ($298,750/Unit) 7.04% Cap Rate Franklin, TN 37064
Investment Highlights
- Downtown Franklin
Executive Summary
Multi-Unit Investment Opportunity in Historic Franklin Discover this unique property in the heart of Franklin featuring two separate buildings with a total of four individual units, with potential to expand to five units. Each unit offers its own character and functionality with a bright and open feeling. Two Distinct Buildings: Offers privacy and separation between tenants. Four Current Units, Five Possible: Income-producing now, with room for additional growth. Private Entrance: One of the units includes its own dedicated private entry, adding appeal for long-term renters or short-term rental opportunities. Prime Location: Situated on Natchez Street, you’re just minutes from Franklin’s charming downtown square, restaurants, shopping, and entertainment. This property combines historic Franklin charm with modern rental potential—perfect for anyone looking to expand their real estate portfolio in Williamson County.
Property Facts
| Price | $1,195,000 | Apartment Style | Low-Rise |
| Price Per Unit | $298,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 7.04% | Building Size | 4,586 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1930/1956 |
| Property Subtype | Apartment | ||
| Zoning | R01 | ||
| Price | $1,195,000 |
| Price Per Unit | $298,750 |
| Sale Type | Investment |
| Cap Rate | 7.04% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,586 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1930/1956 |
| Zoning | R01 |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Kitchen
1 1
Walk Score®
Very Walkable (70)
Property Taxes
| Parcel Number | 078G-H-034.00 | Improvements Assessment | $272,600 |
| Land Assessment | $130,000 | Total Assessment | $402,600 |
Property Taxes
Parcel Number
078G-H-034.00
Land Assessment
$130,000
Improvements Assessment
$272,600
Total Assessment
$402,600
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254 Natchez St
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