520 Baird Cove Road is a multi-family property with development potential located in beautiful Franklin, NC. There is a 3bed/bath house, recently built townhouses 5- 3bed/bath, and -8 2bed 2bath apartments. All are currently rented on a month to month lease. Total gross monthly income is $17,460.00 from reliable steady tenants. The property consists of approximately 8 acres, 4.5 acres are undeveloped and site planned for 15 additional units. Roadway with curbing is in for 6 additional villas and an addition 4 plex apartment building. Property has city water sewer and high speed internet all available at site. The townhouses and apartments were built in 2012 and 2013. The total heated area is 16,000 square feet. The current cost for new construction in Franklin, NC is $250.00 per sq foot for a replacement value of $4M. Franklin is one of the most desirable Appalachian mountain community just north of Atlanta-south of Knoxville and west of Asheville. Current tax assessment is $2,800,000.00. Asking $3,200,000.