$250,000
$299,500
16.5%For more information regarding the value of a property, please contact us for a free consultation.
2,655 SqFt
SOLD DATE : 01/26/2024
Key Details
Sold Price $250,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,655 sqft
Price per Sqft $94
MLS Listing ID 1243834
Year Built 1991
Lot Size 9,147 Sqft
Property Description
MAJOR PRICE REDUCTION - ESTATE SAYS SELL - WELL KEPT ALL BRICK FIVE UNIT IN JELLICO - JUST OFF I-75 - 44% RENTAL UPSIDE!
Rare opportunity to purchase a well cared for property on a corner lot with longterm residents that are month to month. Current rents for occupied units are 44% under market!These units are all one level, offer great amenities including washer/dryer connections, nice kitchens, and a beautiful private backyard & deck for all to enjoy. With parking at their doors and walking distance to downtown, these units offer the amenities that attract good residents. Current rent roll is $27,300 per year. Projected rent roll at $650 per unit gives a proforma cap rate of 9.8 making the asking price a bargain on a cost/foot and cost/unit basis.
Location
State TN
County Campbell County - 37
Area 9148.0
Rooms
Other Rooms Bedroom Main Level
Interior
Heating Other, Electric
Cooling Wall Cooling
Flooring Laminate, Carpet, Vinyl
Exterior
Exterior Feature Patio, Deck, Fenced - Yard
Parking Features On-Street Parking
Garage Description On-Street Parking
Roof Type Shingle
Building
Structure Type Brick
Others
Acceptable Financing New Loan, Cash
Listing Terms New Loan, Cash
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "