254 N Womack St $350,000

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    254 N Womack St Franklin, NC 28734

    Sold
    SOLD 6/7/2019

    $350,000

    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 8488085
    Favorite Share
    Views: 75 Days On Market: 254

    Property Details

    Consists of 8 apartments, each apartment consisting of 2 bedroom, 1 1/2 baths approximately 7,308 total square feet.The building is all brick with concrete poured second floor porches and ground level porches. The metal roof is approximately 1 1/2 years old. The lot has plenty of parking . The building has farm land on two sides and other rental property on others. Property is in the city limits with very convenient proximity to shopping. Estimate of expenses are approx. $11,000. Present rent roll $48,180. With each apartment simply paying 550/month annual income would be $52,800/year It appears market rent pricing for apartments in present condition are between $550-650/month. A lot of upward potential. Call agent for showing today.

    • General Features
      • Multi-family Type Apartments (5+ Units)
      • Possible Financing Owner Financing
      • Tax Year 2018
      • Property Type Multifamily
      • Year Built 1978
      • Taxes 3997.88
      • Subdivision None
      • County Macon
      • Area MACN
    • Building Features
      • Construction Status Resale
      • Construction Brick 4 Sided
      • Energy Related Insulation-ceiling, Insulation-floor, Water Heater-electric
      • Cooling Type Other (See Remarks)
      • Cooling Source Electric
      • Utility Billiing Electricity Ind. Meters
      • Total Fireplaces 0
      • Total Units 8
      • Stories 2 Stories
      • Special Conditions Investor Owned
      • Heating Type Baseboard
      • Heating Source Electric
    • Property Features
      • Annual Gross Expense 11471
      • Annual Gross Income 48180
      • Acreage 0.84
      • Parking 3 Car Or More
      • Water Sewer Public Water, Sewer Connected
    • Schools
      • Middle School Macon County
      • Elementary School Macon County
      • High School Macon County

    Neighborhood

    28734 (Franklin) Demographics

    47 Median Age
    89 Population Density (per sq. mile)
    30% College Educated
    $37,311 Estimated Median Income
    8,541 Estimated Total Home Owners
    3,214 Estimated Total Renters
    73% / 27% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    26,780 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $475,000 Median Sales Price
    1 Homes Sold
    5 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        6/7/2019 3:00:00 AM Sold Source New Value: $350,000

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