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Welcome to 5 Franklin Pl, Chattanooga, TN 37411″”an income-producing multi-family property with three rented units, each featuring one bedroom and one bathroom. This investment opportunity offers immediate cash flow with a gross monthly income of $2,300, with all tenants currently on month-to-month leases. The property includes a durable metal roof, a convenient community laundry area, and utilities covered by the owner. Whether you’re looking to continue renting for steady income, renovate and increase rents for greater returns, or even live in one unit while renting out the others to cover your mortgage, this property offers endless possibilities. Don’t miss out on this versatile investment in a prime location! No showings without an accepted offer.
Multi Family
| Last Updated | 2/10/2025 | Tract | Hewitt Wilson Etal |
|---|---|---|---|
| Year Built | 1930 | Community | East Ridge |
| County | Hamilton |
SCHOOLS
| Elementary School | East Ridge Elementary |
|---|---|
| Jr. High School | East Ridge Middle |
| High School | East Ridge High |
Additional Details
| AIR | Multi Units, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | East Ridge |
| CONSTRUCTION | Aluminum Siding |
| HEAT | Electric |
| LOT | 0 |
| LOT DESCRIPTION | Split Possible |
| LOT DIMENSIONS | 72.5X126 |
| PARKING | Off Street |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | Hewitt Wilson Etal |
| TAXES | 1263.52 |
| UTILITIES | Sewer Connected |
| WATER | Public |
Location
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This site was last updated on 7/3/25 11:59 AM PDT
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