Franklin TN Multi Family for Sale

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Type:
Cluster
Sq.Ft.:
1,914
Status:
Active
Beds:
n/a
Year built:
1981
Baths:
MLS#:
2701963
Subdivision:
Heritage Place

ADDITIONAL INFORMATION

INVESTMENT PROPERTY in FRANKLIN!! DUPLEX Rental : Each unit is 2Bed/1Bath with Large Parking area & fenced in back yard - currently month-to-month at $1600 (Unit A) + $1550 (Unit B) - Tenants have been in place for nearly 2 & 4 years respectively - have expressed interest in staying. Current leases would transfer to new owners. Brand NEW Roof & Gutters!! HUGE .36 acre lot measured from tax record - tons of potential & great location!!

Type:
Cluster
Sq.Ft.:
2,400
Status:
Active
Beds:
n/a
Year built:
1981
Baths:
MLS#:
2690394
Subdivision:
Heritage Place

ADDITIONAL INFORMATION

No showings allowed without accepted contract. Franklin Duplex. A unit: 3 bedrooms, 2.5 baths on one side. B unit: 2 bedrooms 1 bath on other side. A unit rented for $2500 per month, 12 month lease, B side is for $900 per month to a family friend, market rate is $2000.00. B side is month to month and could be occupied by an owner occupant. Large deck and large backyard. A unit has been updated. B unit requires 90 days notice to vacate. Annual 2023 Taxes $4,110.10. Insurance $1500+-, $1200 +- maintenance. Current cap rate is 4.5%, but with unit B rented at market rates, 6%+-. Units have been updated periodically.

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Andrea D. Conner, License 344441, Xome Inc., License 262361, [email protected], 844-400-XOME (9663), 751 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067

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Franklin Real Estate

The median home value in Franklin, TN is $784,100. This is lower than the county median home value of $802,500. The national median home value is $338,100. The average price of homes sold in Franklin, TN is $784,100. Approximately 62.74% of Franklin homes are owned, compared to 33.01% rented, while 4.25% are vacant. Franklin real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Franklin real estate agent to arrange a tour today!

Franklin, Tennessee 37067 has a population of 81,531. Franklin 37067 is less family-centric than the surrounding county with 39.67% of the households containing married families with children. The county average for households married with children is 42.06%.

The median household income in Franklin, Tennessee 37067 is $102,721. The median household income for the surrounding county is $116,492 compared to the national median of $69,021. The median age of people living in Franklin 37067 is 37.2 years.

Franklin Weather

The average high temperature in July is 89.5 degrees, with an average low temperature in January of 26.3 degrees. The average rainfall is approximately 53.2 inches per year, with 3.6 inches of snow per year.

Franklin Real Estate Market Conditions

  • Median sales price

    N/A
  • # Active listings

    118
    30-day change

Franklin Schools and Demographics

Education near Franklin, TN

Metric City County
High School Graduates 95.6 95.78
College Degree - 2 year 6.45 6.59
College Degree - 4 year 64.35 61.94
Graduate Degree 18 16.54
Expenditures per Student 13,371 13,371
Students per Teacher 15.8 15.8

Elementary Schools near Franklin, TN

School Grades Students P/T Ratio ZIP
Allendale Elementary School PK - 05 851 15.8 37174
Bethesda Elementary School PK - 05 576 15.3 37179
Chapman's Retreat Elementary School KG - 05 733 15.2 37174
Clovercroft Elementary School KG - 05 795 15.5 37067
College Grove Elementary School PK - 05 316 14.3 37046
Crockett Elementary School PK - 05 838 17.6 37027
Edmondson Elementary School KG - 05 761 16.5 37027
Grassland Elementary School PK - 05 518 15.2 37027
Heritage Elementary School PK - 05 707 14.8 37179
Hunters Bend Elementary School PK - 05 564 16.7 37069
Kenrose Elementary School PK - 05 820 16.4 37027
Lipscomb Elementary School PK - 05 775 16.6 37027
Longview Elementary School PK - 05 863 17.3 37174
Nolensville Elementary School PK - 05 911 15.3 37135
Oak View Elementary School PK - 05 665 15.9 37064
Pearre Creek Elementary School PK - 05 753 16.4 37064
Scales Elementary School PK - 05 785 16.7 37027
Sunset Elementary School PK - 05 779 16.3 37027
Trinity Elementary School PK - 05 595 15.3 37067
Walnut Grove Elementary School PK - 05 662 15.4 37069

Middle Schools near Franklin, TN

School Grades Students P/T Ratio ZIP
Brentwood Middle School 06 - 08 1,261 18.6 37027
Fairview Middle School 06 - 08 572 12.7 37062
Fred J Page Middle School 06 - 08 1,056 18.1 37064
Grassland Middle School 06 - 08 921 17.1 37064
Heritage Middle School 06 - 08 1,028 16.8 37179
Spring Station Middle School 06 - 08 1,032 17.5 37174
Sunset Middle School 06 - 08 851 17.6 37027
Woodland Middle School 05 - 08 866 19.1 37027

High Schools near Franklin, TN

School Grades Students P/T Ratio ZIP
Brentwood High School 08 - 12 1,689 18.7 37027
Centennial High School 09 - 12 1,716 17.7 37067
Fairview High School 09 - 12 657 12.3 37062
Franklin High School 09 - 12 1,747 18.5 37064
Fred J Page High School 09 - 12 937 16.4 37064
Independence High School 09 - 12 1,432 17.1 37179
Ravenwood High School 09 - 12 2,025 19.3 37027
Renaissance High School 09 - 12 141 11.8 37064
Summit High School 09 - 12 1,319 18.2 37174

Demographics near Franklin, TN 37067

Metric Zip Code City
Neighborhood Type Suburban
Population 81,531 242,386
Population Density 1,961 416
Median Age 37.2 39.5
People per Household 2.6 2.8
Median Household Income 102,721 116,492
Average Income per Capita 51,811 56,545