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+19312711667
Elevate Real Estate
340 Briar Ave, Jamestown, TN 38556
- $3,200,000
- 25,980
- SqFt
- List Price
- $3,200,000
- MLS#
- 247266
- Status
- ACTIVE
- County
- Fentress
- City
- Jamestown
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.
Additional Information
- Heating
- Electric
- Cooling
- Central Air
- Water
- Utility District, City
- Sewer
- Public Sewer
- Roof
- Metal
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Listing courtesy of True North Real Estate Services, LLC.