5 Franklin Place Chattanooga, TN 37412
Multi-Family (2-4 Units)
MLS #: 1507159
Courtesy Of Crye-Leike Realtors
Property InformationDescription
Welcome to 5 Franklin Pl, Chattanooga, TN 37411 an income-producing multi-family property with three rented units, each featuring one bedroom and one bathroom. This investment opportunity offers immediate cash flow with a gross monthly income of $2,300, with all tenants currently on month-to-month leases. The property includes a durable metal roof, a convenient community laundry area, and utilities covered by the owner. Whether you're looking to continue renting for steady income, renovate and increase rents for greater returns, or even live in one unit while renting out the others to cover your mortgage, this property offers endless possibilities. Don't miss out on this versatile investment in a prime location! No showings without an accepted offer.
Features
- Age: Over 50 Years Old
- Amenities: Deck, Patio
- Architecture Style: Other
- Cooling System: Wall Unit(s) A/C, Window Unit(s) A/C
- Exterior Type: Aluminum Siding
- Roof Type: Metal
MAP & DIRECTIONS
School Information
5 Franklin Place, Chattanooga, TN 37412
Elementary School
Grades PK-5 |
Public School
EAST RIDGE ELEMENTARY SCHOOL
Chattanooga, TN 37412
1014 John Ross Rd
423.493.9296
Distance: 1.2 mi
School Rating
D+
Student:Teacher Ratio
13:1
Total Students
928
Middle School
Grades 6-8 |
Public School
EAST RIDGE MIDDLE SCHOOL
Chattanooga, TN 37412
4400 Bennett Rd
423.867.6214
Distance: 1.8 mi
School Rating
D+
Student:Teacher Ratio
15:1
Total Students
687
High School
Grades 9-12 |
Public School
EAST RIDGE HIGH SCHOOL
Chattanooga, TN 37412
4320 Bennett Rd
423.867.6200
Distance: 1.7 mi
School Rating
D+
Student:Teacher Ratio
15:1
Total Students
864
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Belvoir Christian Academy | 1.1 mi | Private | PK-8 | |
| East Side Elementary School | 1.2 mi | Public | KG-5 | C- |
| Brainerd Baptist School | 1.2 mi | Private | PK-5 | |
| Chattanooga Charter School Of Excellence Middle School | 1.2 mi | Public | 6-8 | D+ |
| Chattanooga Charter School Of Excellence | 1.3 mi | Public | KG-5 | C- |
| East Lake Elementary School | 1.3 mi | Public | KG-5 | D |
| East Lake Academy | 1.3 mi | Public | 6-8 | D+ |
| Calvary Christian School | 1.5 mi | Private | 12 | |
| Marty's Center | 1.6 mi | Private | PK | |
| Our Lady Of Perpetual Help School | 1.6 mi | Private | PK-8 | |
| Clifton Hills Elementary School | 1.7 mi | Public | KG-5 | D+ |
| Barger Academy | 1.8 mi | Public | KG-5 | D+ |
| Chattanooga Preparatory School | 1.8 mi | Public | 6-8 | C+ |
| Chattanooga Girls Leadership Academy | 1.8 mi | Public | 6-12 | B- |
| Notre Dame High School | 1.9 mi | Private | 9-12 | |
| Orchard Knob Elementary School | 2.1 mi | Public | PK-5 | D- |
| Orange Grove Center | 2.2 mi | Private | UG |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Chattanooga, TN 37412
| Median Age: | 41.3 |
|---|---|
| Married: | 40% |
| Number of Households: | 9,750 |
| Households with Children: | 21.6% |
Chattanooga, TN 37412
Demographic Data
-
Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
Copyright © 2025 Greater Chattanooga Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
