Log In/Sign Up
Your email has been sent.
520 Baird Cove Rd 14 Unit Apartment Building $3,200,000 ($228,571/Unit) Franklin, NC 28734
Investment Highlights
- Located in a quiet, rural neighborhood within 5 min drive of retail stores for tenant convenience.
- Potential for future development of additional units.
- Property is currently fully occupied.
- Financials available upon request.
Executive Summary
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 consisting of 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!
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $3,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $228,571 | Building Class | C |
| Sale Type | Investment | Building Size | 16,000 SF |
| No. Units | 14 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 2012 |
| Zoning | FR1 - Residential | ||
| Price | $3,200,000 |
| Price Per Unit | $228,571 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 16,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2012 |
| Zoning | FR1 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 6 | - | - |
| 2+2 | 8 | - | - |
Property Taxes
| Parcel Number | 6584495942 | Improvements Assessment | $1,698,820 (2025) |
| Land Assessment | $152,880 (2025) | Total Assessment | $1,851,700 (2025) |
Property Taxes
Parcel Number
6584495942
Land Assessment
$152,880 (2025)
Improvements Assessment
$1,698,820 (2025)
Total Assessment
$1,851,700 (2025)
Contacts
-
Vanessa Moore -
Craig Berry (MLS Only) -
Highlands Sotheby's International Real Estate
1 of 84
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
520 Baird Cove Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.