12 Rental Homes Portfolio

Multi-Family for Sale
Catylist Listing ID: 30764510
Number of Units: 12 Units
Building Size (RSF): 1,008 SF
Gross Building Area: See Agent
Sale Price: $2,200,000
Unit Price: $183,333.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 6.3%
Last Updated: 12/27/2021

Overview / Comments

The Tera Jones Group, Courtesy of David Edens, is offering an immediate Cash flow in the Crossville Area. This portfolio contains 12 Rental Homes. One parcel has 8 single family homes in which one is a 2BR/1BA (729sq ft) and seven of them are a 3BR/1BA (884 sq ft). The other parcel, which is a 5 minute drive from the first parcel, has four 3BR/1 Ba (1,008 sq ft). The eight units have been there 11 years and the four units were built this year in March. All units are occupied with on time renters. The owner purchased this portfolio and made improvements as well as built the four new units.

Additional Details

Nearest MSA: Crossville
County: Cumberland
Tax ID/APN: 113E E 007.00 000
Percent Occupied: 100%
Total Number of Buildings: 12
Property Condition: Excellent
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,007 12,701 23,790
Median Age: 43.88 38.87 44
Households: 453 5,213 9,968

Contact

Photograph of Listing Agent

David Edens

Keller Williams KAAR CIE Member
Photograph of Listing Agent

Tera Stanton

Keller Williams KAAR CIE Member
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