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Contact Information


John Becker / Bald Head
Bald Head Realty
33 Pine Lane
Franklin NC 28734
(828) 506-3719 Cell
(828) 369-0000 Office
(828) 369-0009 Fax
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Listing Details
MLS Number: 26035777
List Price: $649,000
Property Type: Commercial
House #: 351
Address: Porter Street
City: Franklin
State: NC
Zip Code: 28734
Subdivision: Summer Hill
Listing Office: Realty One Group Vibe (#:301)
Listing Agent: Thomas Evan Harrell (#:260)
Remarks: This is a premium, approximately one-acre commercial site in the Town of Franklin, just across from the entrance to Franklin High School. The property is improved with a building with six apartment units. These units have been managed with low turnover in mind. These units are typically leased to long-term tenants, with the majority of the leases on month-to-month terms. This allows a new owner to increase the rental rates to market levels, which are $850 and up for similar units in this area. Typical units feature painted sheetrock walls, carpeted flooring, average quality appliances, bathrooms and kitchens. There is adequate paved parking available for each unit with two separate driveways and access points from Porter Street. The rental market in Franklin is incredible with very little vacancy and rents which have risen significantly over the past several years. The property is available for sale at the price of $649, 000.
Area: Franklin
Township: Franklin (Macon Co.)
Parcel Size: 0.97
Apx Acreage Range: < 1 acre
Miles Out:  
Deed Book: J-16
Deed Page: 10
Parcel ID: 6594074911
City Tax: 1314.19
County Tax: 2147.93
Year Built: 1946
Easements/Restrictions: Yes
Zoning:  
Restrooms: 7
Loading:  
Building Size: 52.5 x 28 and 24 x 2
Building 2: 32 x 23
Building 3: N/A
Building 4: N/A
Highways:  
Type of Property: Multi-Family
Construction: Frame
Utilities: Electricity Available, Water Available, Sewer Available
Heating System: Electric Baseboard
Air Conditioning: None
Terms of Existing Lease: Month To Month
Access: City Street
Location: City
Floors: Vinyl
Roof System: Wood Joist
Parking: Parking Lot, Paved Driveway
Miscellaneous: Restroom-Private
Apx SqFt: Other-See Remarks
Financing Type(s): Cash, Conventional
IDX
Listing Office Name: Realty One Group Vibe
Listing Office Phone1: (M) (828) 370-8423
Listing Agent Name: Thomas Evan Harrell