520 Baird Cove Rd, Franklin, NC 28734
sale
$3,200,000
|
Other
Courtesy Of Highlands Sotheby's International Realty (MLS)
Discover an exceptional multi-family investment opportunity in the heart of Franklin, NC! This remarkable property spans approximately 8.2 acres & is minutes from the vibrant downtown area. It features city sewer & water connections already in place, with additional options for expansion. With a well-balanced portfolio of income-generating properties, this site is positioned for immediate returns & future growth. The property includes 14 rental opportunities: 5 thoughtfully designed 3-bedroom, 2-bathroom townhomes built in 2010, perfect for attracting long-term tenants. There's an 8-unit apartment building built in 2012, each unit with 2 bedrooms & 2 bathrooms, meeting the region's strong rental demand. Additionally, a charming 3-bedroom, 2-bathroom single-family home built in 1954 offers versatility as a primary residence or a short-term rental. With considerable undeveloped land & plans for 17 additional residential units, including 15 townhomes & 2 apartments, investors can maximize returns in this desirable location. Franklin's mountain charm & access to highways make this property a rare find. Seize this opportunity to invest in stunning landscapes of Western North Carolina!
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Copyright © 2026 Carolina Smokies 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.
Property Features
- Amenities: Ceiling Fan
- Architecture Style: Other
- Cooling System: Heat Pump
- Cooling System: Ceiling Fan(s)
- Cooling System: Electric
- Cooling System: Central Air
- Exterior Type: Stone
- Exterior Type: Other
- Floor Covering: Wood
- Floor Covering: Tile
- Floor Covering: Carpet
- Floor Covering: Hardwood
- Heating System: Electric (Heating)
- Heating System: Heat Pump (Heating)
- MLSID: 26043204
- Roof Type: Shingle
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