Nearby Schools
Church HillElementary School
Church HillMiddle School
VolunteerHigh School
Description
Newer built brick apartment building with TONS are capital improvements that's an investors DREAM to own! Cash flow pro-forma at 12 CAP!!! Want to buy a property with virtually no deferred maintenance? Well..... here it is!!13 units all of which are 2 bedrooms. 9 are townhouses that are 2 bedrooms 1.5 baths and the bottom 4 units are 2 bedrooms 1 bath with a large double vanity bathroom.Individually metered for water and electric, new windows(over $20k), new porches, most heat pumps have been replaced, and blacktop on the topside has been completely redone($25k). 2 flats downstairs have new paint, carpet, etc Plumbing access through the breezeway is fantastic! Two access points to pressure reducer valves, etc, sewer, etc. EASY! Yes, rents are low, but are coming up. There are 3 vacant units. 2 of which are flats on the bottom that have tenants moving in at $975 and $995. They were just completed. The townhouse unit #1 should rent for $1075 and would be ready end of January/early February.MULTIPLE OFFERS DUE IN TUESDAY JANUARY 17th BY 4PM!!!Buyer/Buyer's agent to verify
Location
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Courtesy of: BRIDGE POINTE REAL ESTATE JONESBOROUGH Copyright 2022 Tennessee Virginia Regional MLS®. All rights reserved. Information herein deemed reliable but not guaranteed. Updated: 26th January, 2023 9:46 PM (UTC)