165 Watauga St, Franklin, NC 28734

Property Description

ATTENTION INVESTORS! In-Town Location with City Water and Sewer! This versatile property offers excellent potential for investors looking for rental income, multigenerational living, or future development opportunities. The main level features 3 bedrooms, 1 bath, an open kitchen and dining area, and a spacious great room. An additional bonus room with plenty of windows provides flexible space for an office, hobby room, or extra living area. Step out onto the deck from the bonus room, where you will also find storage cabinets. Additional features include a large carport, a welcoming front porch with a ramp, and separate electrical meters for each level. The lower-level apartment has a history of rental use, although rental records are not available. Its layout includes a great room, kitchen, dining or office space, and two additional rooms suitable for sleeping, each with a closet. This space offers possibilities for a small-family rental, adult children, or aging parents seeking a separate living arrangement. A separate driveway provides additional parking, and the lower-level carport accommodates two vehicles. There may also be an opportunity to explore creating additional outdoor living space. Enjoy the convenience of an established in-town neighborhood where you can walk along the sidewalks, visit with neighbors, and access nearby schools, parks, shopping, restaurants, and a local brewery. The Little Tennessee River is close by for fishing and canoeing, while the hospital, grocery stores, and Highway 441 are just a short distance away. The elementary school is directly across the street, with open space nearby for children to ride bikes, run, and play. The spacious backyard extends to a stream, offering room for gardening, a children's play area, or a fenced space for pets. Current listing includes 2 parcels 2nd PIN # 6595426568 EVEN MORE INVESTMENT POTENTIAL! Two adjoining parcels totaling approximately 0.75 acres are also available for $89,900. With city water and sewer available, these additional parcels may offer an opportunity to explore building more rental units, subject to zoning, permitting, and local development requirements. Whether you're looking for a property with existing rental potential, a multigenerational living arrangement, or an opportunity to expand your investment portfolio, this in-town property deserves a closer look! Seller is a licensed Real Estate Agent.