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351 Porter St
Franklin, NC 28734
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Prime approximately one-acre commercial site located across from Franklin High School, offering high visibility and traffic exposure.
- Low tenant turnover with month-to-month leases, allowing potential for rent increases to market rates starting at $850.
- Ample paved parking with two separate driveways and access points from Porter Street.
- Two buildings with six apartment units, providing a mix of 3-bedroom and 2-bedroom configurations.
- Apartments feature basic finishes with painted sheetrock, carpeted floors, and average quality appliances.
- Robust rental market with low vacancy and rising rents, presenting a strong investment opportunity.
Property Facts
| No. Units | 6 | Lot Size | 0.97 AC |
| Property Type | Multifamily | Building Size | 5,800 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1980 |
| Building Class | C | Parking Ratio | 2.5/1,000 SF |
| Zoning | FNMU - Form based neighborhood mixed use | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.97 AC |
| Building Size | 5,800 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | FNMU - Form based neighborhood mixed use |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 550 |
| 2+1.5 | 2 | - | 900 |
| 2+2 | 2 | - | 1,100 |
Property Taxes
| Parcel Number | 6594074911 | Improvements Assessment | $275,780 |
| Land Assessment | $122,460 | Total Assessment | $398,240 |
Property Taxes
Parcel Number
6594074911
Land Assessment
$122,460
Improvements Assessment
$275,780
Total Assessment
$398,240
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