$50,000
$70,000
28.6%For more information regarding the value of a property, please contact us for a free consultation.
1,526 SqFt
SOLD DATE : 11/20/2020
Key Details
Sold Price $50,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,526 sqft
Price per Sqft $32
MLS Listing ID 2421281
Sold Date 11/20/20
HOA Y/N No
Year Built 1945
Annual Tax Amount $991
Lot Dimensions 190X145 IRR
Property Description
Investors, here's the deal you've been looking for! This $500,000 investment package deal features 8 properties with a total of 13 units all located within a block of each other in a quiet Jasper neighborhood. Currently 100% occupied with a GMI of $6,600. Composed of 4 single family homes, 3 duplexes, and 1 triplex, the addresses included are 202, 204 & 206 Meadow Ave, 405 W 3rd St, 301 Elm Ave, 404 W 3rd St, 406 W 3rd St, 209 Elm Ave, 403 W 3rd St, and 402 & 404 2nd St. All properties have off street parking. Situated just minutes from interstate access, these properties are only 20 minutes away from Bridgeport, AL and 35 minutes from downtown Chattanooga. Currently there is a housing shortage in Bridgeport, AL due to the influx of workers at the new Google facility. Because of this, the current rental rates are priced under market value and there is the potential to increase rents. Call today for more information.
Location
State TN
County Marion County
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace N
Exterior
Utilities Available Natural Gas Available, Water Available
Waterfront false
View Y/N false
Roof Type Other
Parking Type Detached
Private Pool false
Building
Story 2
Water Public
Structure Type Other
New Construction false
Schools
Elementary Schools Jasper Elementary School
Middle Schools Jasper Middle School
High Schools Marion Co High School
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