Great Investment on Rental Property-All Leased

Multi-Family for Sale
Catylist Listing ID: 30557499
Property Subtypes: Duplex/Fourplex, Mixed Use
Number of Units: 5 Units
Building Size (RSF): 2,450 SF
Gross Building Area: See Agent
Gross Land Area: 2.29 Acres
Sale Price: $225,000
Unit Price: $45,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/18/2020

Overview / Comments

Great opportunity for an investor seeking a good rental property. Tri-plex (2,450 sq. ft.) with 3 units (1BR/1BA each), and two mobile homes (2BR/1BA each) all currently leased. Monthly income is just under $3000. Plus, there's a 30x45 garage/shop, 15x22 mobile storage, 12x20 metal building, 10x30 shed and a two-car carport on a corner lot with 2.29 acres. Room for adding more storage units if desired.

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Additional Details

Nearest MSA: Crossville
County: Cumberland
Tax ID/APN: 018061 05000
Property Located Between: Fredonia Rd and Virgil Smith Rd
Highway Access: I-40
Airports: Nashville and Knoxville
Total Number of Buildings: 7
Property Condition: Good

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 8,485 14,236
Median Age: 41.37 40.94
Households: 3,472 5,860

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