Franklin, GA 30217,284 Newnan ST
Franklin, GA 30217,284 Newnan ST
Franklin, GA 30217,284 Newnan ST
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$515,000
Est. payment /mo
1.45 Acres Lot
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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 10636222

HOA Y/N No

Year Built 1910

Annual Tax Amount $1,165

Tax Year 24

Lot Size 1.450 Acres

Acres 1.45

Lot Dimensions 1.45

Property Sub-Type Multi Family

Source Georgia MLS 2

Property Description

284 Newnan Street is a five-unit residential income property with four units already leased and producing consistent returns. Current gross monthly rent brings in roughly $4,000 per month. This property offers stable in-place income while leaving room for expansion. Each unit features separate water and gas meters, fresh interior paint, and updated appliances. The fifth unit is vacant and ready for renovation, providing a simple and immediate value-add opportunity that can push cash flow even higher. Located in a peaceful area of Franklin and close to town, this property could be a strong, long-term, income-producing real estate asset with dependable cash flow and room for future growth.

Location

State GA

County Heard

Rooms

Basement None

Interior

Heating Other

Cooling Window Unit(s)

Fireplace No

Laundry In Unit

Exterior

Parking Features Attached

Community Features None

Utilities Available Sewer Connected

View Y/N No

Garage Yes

Private Pool No

Building

Faces From Newnan: Take GA 34 West towards Franklin. Continue into Heard County. Take a slight left onto Newnan St. Property is on your left. From Carrollton: Take US-27 South Towards Roopville. Follow signs for GA-34 West. Turn Left onto GA-34 West towards Franklin. Take a slight left onto Newnan Street. Property is on your left. From LaGrange: Take US-27 North towards Carrollton. Follow signs for GA-34 West. Turn left onto GA-34 West towards Franklin. Take a slight left onto Newnan St. Property is on your left.

Foundation Pillar/Post/Pier

Sewer Public Sewer

Water Public

Structure Type Brick,Wood Siding

New Construction No

Schools

Elementary Schools Heard County

Middle Schools Heard County

High Schools Heard County

Others

HOA Fee Include None

Tax ID 0039 A 0075

Special Listing Condition Resale


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Carissa Mason

Carissa Mason

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