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Listed by Martha Durham • Red Realty, LLC
$ 800,000
Est. payment | /mo
8,060 SqFt
$ 800,000
Est. payment | /mo
8,060 SqFt
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 8,060 sqft
Price per Sqft $99
MLS Listing ID 3615615
Year Built 1965
Lot Size 0.390 Acres
Acres 0.39
Property Sub-Type Unimproved Land
Property Description
Great Investment Opportunity! Don't miss this five-unit income-producing property, including a basement unit, with established tenants and an excellent rental history! All five units are currently rented at $650 per month each, generating $3,250 in monthly rental income and $39,000 annually.
The property has an excellent occupancy history, with the seller reporting virtually no vacancies and minimal tenant turnover. Current rental rates offer potential for increased income, making this an attractive opportunity for investors looking to expand their portfolio.
Additional highlights include a roof approximately 8 years old and HVAC systems of varying ages, with most being less than 5 years old.
Whether you're an experienced investor or looking to begin building your rental portfolio, this property offers immediate income with potential for future growth.
Schedule your showing today and explore the possibilities!
The property has an excellent occupancy history, with the seller reporting virtually no vacancies and minimal tenant turnover. Current rental rates offer potential for increased income, making this an attractive opportunity for investors looking to expand their portfolio.
Additional highlights include a roof approximately 8 years old and HVAC systems of varying ages, with most being less than 5 years old.
Whether you're an experienced investor or looking to begin building your rental portfolio, this property offers immediate income with potential for future growth.
Schedule your showing today and explore the possibilities!
Location
State TN
County Sullivan County
Zoning Commercial
Interior
Fireplace N
Others
Special Listing Condition Standard
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NEARBY SCHOOLS & PROPERTIES
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