520 Baird Cove Rd - Apartments FOR SALE


Franklin, NC 28734
$3,200,000 USD
828-349-4600
520 Baird Cove Rd, Franklin, NC for Sale
$3,200,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

520 Baird Cove Rd
Franklin, NC 28734


HIGHLIGHTS

  • Located in a quiet, rural neighborhood within 5 min drive of retail stores for tenant convenience.
  • Property is currently fully occupied.
  • Potential for future development of additional units.
  • Financials available upon request.

OVERVIEW

Exceptional commercial investment opportunity nestled in Franklin, NC! Situated just minutes from Downtown, this prime 7.8+/- acre parcel within city limits offers an unparalleled investment opportunity with a diversified portfolio of income-generating properties and room for future growth. The property includes five townhomes, ideal for attracting long-term tenants, eight apartments that cater to the area’s strong rental demand, ensuring a reliable income stream, and one single-family home, offering flexible usage as a primary residence or a short-term rental opportunity. The parcel allows for expansion potential with additional unused acreage providing ample space for additional units or amenities - allowing you to maximize your return on investment in growing a highly desirable location. Franklin's charm, proximity to major highways, and local attractions make this a sought-after area for residents and investors alike! Whether you're looking to build your portfolio or capitalize on a mixed-use development opportunity- this property is a rare find with incredible upside potential! Don't miss your chance to invest in the beautiful WNC mountains!

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$200 USD /SF

# OF UNITS

14

PRICE/UNIT

$228,571

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.39 AC

LAND SF

278,278 SF

ZONING

FR1

APN/PARCEL ID

6584495942

ASK ABOUT THIS PROPERTY

Katelyn VanderWoudeRe/Max EliteMore Info
828-349-4600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Katelyn VanderWoudeRe/Max EliteMore Info
828-349-4600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.