49
See all 49 photos
$3,200,000
Est. payment /mo
25,980 SqFt
Active
340 Briar Ave Jamestown, TN 38556
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Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 25,980 sqft
Price per Sqft $123
Subdivision Jamestown City Limits, Tn
MLS Listing ID 242556
Year Built 1993
Annual Tax Amount $7,316
Property Sub-Type Apartment
Property Description
Tremendous capital-producing investment with upside! Offering a 43 unit apartment complex in Jamestown, TN with a strong cap rate around 8%. These units have an impressive high occupancy history and potential to increase cash flow (the only units not currently occupied are the ones undergoing a remodel). Current owners have updated approximately 25% of the units (in transition time between tenants), and they continue to improve this asset as we go to market. Turn-key operation with immediate cash flow. This real estate will appreciate in value as you profit from the cash flow that results from the impressive cap rate.
Location
State TN
County Fentress
Area Jamestown City Limits, Tn
Rooms
Basement Crawl Space
Interior
Heating Electric
Cooling Central Air
Exterior
View Y/N No
Water Access Desc Utility District,City
Roof Type Metal
Garage No
Building
Sewer Public Sewer
Water Utility District, City
Others
Acceptable Financing 3e7651eaa3d06c747b1f9b4cd3a1f178
Listing Terms 3e7651eaa3d06c747b1f9b4cd3a1f178
Virtual Tour https://tour.usamls.net/340-Briar-Ave-Jamestown-TN-38556/unbranded
Listed by True North Real Estate Services, LLC
Nearby Locations
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