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520 Baird Cove Rd, Franklin NC 28734
$3,200,000
Est. $10,675/mo
—
Beds
—
Baths
1,305
SqFt
Discover an exceptional multi-family investment opportunity in the heart of Franklin, NC! This remarkable property spans approximately 8.2 acres & is minutes from the vibrant downtown area. It features city sewer & water connections already in place, with additional options for expansion. With a well-balanced portfolio of income-generating properties, this site is positioned for immediate returns & future growth. The property includes 14 rental opportunities: 5 thoughtfully designed 3-bedroom, 2-bathroom townhomes built in 2010, perfect for attracting long-term tenants. There's an 8-unit apartment building built in 2012, each unit with 2 bedrooms & 2 bathrooms, meeting the region's strong rental demand. Additionally, a charming 3-bedroom, 2-bathroom single-family home built in 1954 offers versatility as a primary residence or a short-term rental. With considerable undeveloped land & plans for 17 additional residential units, including 15 townhomes & 2 apartments, investors can maximize returns in this desirable location. Franklin's mountain charm & access to highways make this property a rare find. Seize this opportunity to invest in stunning landscapes of Western North Carolina!
Listed by:
Vanessa Moore, Highlands Sotheby's International Realty (Mls)
Source: Carolina Smokies Association of Realtors
Vanessa Moore, Highlands Sotheby's International Realty (Mls)
Source: Carolina Smokies Association of Realtors
Property Overview
| Added | Neighborhood | |
|---|---|---|
| 4 days ago | Crawford Land | |
| Type | Status | Lot Size |
| Commercial sale | Active | 8.4 acres |
| County | Built | MLS# |
| Macon | 2012 | 26043204 |
Commute Time
Additional Details
Legal
| Parcel Number | Deed/Plat Book | Deed/Plat Pages |
|---|---|---|
| 6584495942 | G-41 | 852 |
Property
| Type | Subtype |
|---|---|
| Commercial_sale | Commercial |
| Elevation | Zoning Spec |
| — | — |
Utilities
| Heating | |
|---|---|
| Electric heat pump | |
| Water | Sewer |
Community
| Elementary School | Middle School | High School |
|---|---|---|
| — | — | — |
Payment Estimator
Total Monthly Payment
$9,200
$9,200
Monthly Interest
$311
$311
% Down
% Principal
% Interest
$3,200,000.0
20% ($640,000)
3.5%
520 Baird Cove Rd
Any questions?
Get in touch to learn more about this property or schedule a tour.