520 Baird Cove Rd, Franklin NC 28734

$3,200,000
Est. $10,675/mo
3
Beds
2.0
Baths
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

Property Overview

Added Neighborhood
4 days ago Crawford Land
Type Status Lot Size
Residential Active 8.4 acres
County Built MLS#
Macon 2012 26043206

Commute Time


Additional Details

Legal
Property
Utilities
Community

Payment Estimator

Total Monthly Payment
$9,200
Monthly Interest
$311
% Down
% Principal
% Interest
$3,200,000.0
20% ($640,000)
3.5%
520 Baird Cove Rd
520 Baird Cove Rd

Any questions?

Get in touch to learn more about this property or schedule a tour.

0/250