4 Single Family Homes - Currently Leased

Multi-Family for Sale
Catylist Listing ID: 30294617
Property Subtypes: Mobile Home Park, Other
Number of Units: 4 Units
Building Size (RSF): 3,802 SF
Gross Building Area: See Agent
Gross Land Area: 1.48 Acres
Sale Price: $125,000
Unit Price: $31,250 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/17/2018

Overview / Comments

Great opportunity for four income producing properties grouped together in Madisonville. One site-built home next to three manufactured homes. Situated on three separate lots. The site-built home features hardwood floors, a partial basement, large bedrooms, new HVAC system, a large back yard and more. Good rental history. One tenant on 6-month lease (started Aug 2018); remaining on month-to-month.


Finance Data Year 2018
Gross Operating Income $23,400 (Annual)

Additional Details

Nearest MSA: Athens
County: Monroe
Percent Occupied: 100%
Total Number of Buildings: 4
Number of Stories: 1
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,931 4,967 16,636
Median Age: 38.33 39.51 39.73
Households: 1,147 2,011 6,550


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