Welcome to this charming cottage located at 408 North Petway Street in Downtown Franklin, TN! This cozy one-story home, built in 1954, offers 806 square feet of living space on a generous .28-acre lot. With a spacious family room and real hardwood floors throughout the entire home, this adorable home includes two spacious bedrooms and one bathroom and features a welcoming front porch in this quaint downtown Franklin neighborhood. This home is within walking distance to all the shops on Main in Franklin's highly desirable downtown hotspot. To make this an even sweeter deal, behind the main home there is also a full apartment, with approximately 475 sf of living space, equipped with a kitchen and shower with a newer HVAC mini-split that was installed in 2020. This would be perfect for a mother-in-law suite or a sweet apartment for an adult child that is still living at home. Apartment and/or main house could also potentially be an Airbnb pending city approval. Home is livable but there is a large backyard that would also be perfect to build a brand new home. The options are endless on this one. Don't miss this amazing investment opportunity before it's gone.