Jefferson City Townhomes

Multi-Family for Sale
Catylist Listing ID: 30277709
Property Subtypes: Low-Rise/Garden
Number of Units: 5 Units
Building Size (RSF): 7,728 SF
Gross Building Area: See Agent
Gross Land Area: 0.80 Acres
Sale Price: $469,000
Unit Price: $93,800 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/14/2018

Overview / Comments

Jefferson City Townhomes are located in the heart of Jefferson City and just blocks away from Carson Newman University. Built in 2008, this 5-unit investment opportunity cannot be passed up due to location, newer construction and historical occupancy. Each unit has 3-bedroom, 2.5 bath with garage and living room gas fireplace. Each unit is individually metered for water, electricity & gas, has central heat & air with washer/dryer connections. Total Tax Appraisal is $447,500.

See Agent. Do not disturb tenants.

Square footage and acreage per public record, not guaranteed and should be verified.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $6,354 (Annual)
Assessed Value - Total($) $447,500 (Annual)
Potential Rental Income $49,200 (Annual)
Gross Operating Income $49,200 (Annual)
Net Operating Income $32,616 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Morristown
County: Jefferson
Tax ID/APN: 023E F 018.0
Zoning: R-2 - MULTI-FAMILY RESIDENTIAL
Percent Occupied: 100%
Site Description: 2008 Construction, paved surface parking lot, quiet setting one block from Broadway/11-E. In the heart of Jefferson City, one block south of Broadway/Hwy 11-E and to the south of Carson Newman University. Neighboring retailers include Walmart, Food City, Walgreens and CVS.
Area Description: Once in Jefferson City, turn south on Georgia Ave and take first left onto E. Elmwood St. Jefferson City Townhomes less than 100 yards on right.
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Year Built: 2008
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding, Brick/Aluminum Siding
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,857 11,935 26,412
Median Age: 25.45 34.73 39.38
Households: 1,221 4,455 10,091
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