Commercial Investment Rental Homes

Retail-Commercial for Sale
Also listed as Multi-Family
Catylist Listing ID: 30636337
Property Subtypes: Mixed Use, Other
Building Size (RSF): 2,000 SF
Gross Building Area: See Agent
Sale Price: $2,000,000 - 2,490,000
Unit Price: $1,000 - 1,245 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Average Occupancy Rate: 100
Last Updated: 10/10/2021

Overview / Comments

Eleven Homes Plus A Trailer Park With 6 Rental Lots And One Trailer. All properties have active leases. Student rental homes, easy to keep leased. Properties Are Located In Harrogate and Cumberland Gap. Do not enter the property or stop at the property without a Realtor. Tenant Occupied.
Property Addresses:

160 Nettleton Rd Harrogate, TN
139 Bolton Cir, Harrogate, TN
176 Boone Cir, Harrogate, TN
124 Rugby Dr Harrogate, TN Comes with additional lot
657 Washington Ave. Harrogate, TN
126 Cresent St, Harrogate, TN
110 Overton St, Harrogate, TN
169 Rector Dr, Harrogate, TN
124 Rose LN Cumberland Gap, TN
125 Rose LN Cumberland Gap, TN
Trailer Court Arthur RD/Rose LN Cumberland Gap, TN

Additional Details

Nearest MSA: Knoxville
County: Claiborne
Taxing Authority: Claiborne County
Tax ID/APN: 013015O A 00200, 015A A 012.00, 015 1 B 008.00, 015C E 023.00, 015G B 023.00, 015A B 011.00 7, 015 G B 0.19.00, 0150 A 002.00, 029H A 006.00, 015A C 011.00, 028 025 01, 028 023.01, 028 025 00,
Retail Clientele: General, Family, Business, Other
Property Located Between: Harrogate, Tennessee
Property Visibility: Good
Largest Nearby Street: US 25 Cumberland Gap Parkway
Highway Access: Cumberland Gap Parkway US 25E
Airports: Knoxville
Site Description: Several Rental Homes. Great Location! Near a Busy College Area
Area Description: College Community
Tenancy: Single Tenant
Total Number of Buildings: 11
Property Condition: Good
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, DSL, Satellite, Fiber Optic
Zoning Description: Residential
Water Service: Municipal
Sewer Type: Municipal, Septic
Legal Description: Multi-Rental Homes Residential Use. Owner will divide and sell 3 homes at a time

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,032 17,465
Median Age: 37.4 40.16
Households: 2,646 7,139


Photograph of Listing Agent

Beth Combs

Turn Key Realty of Harrogate, LLC
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