3229 Blue Springs rd - Apartments FOR SALE


Strawberry Plains, TN 37871
$1,250,000 USD
423-552-0881
3229 Blue Springs rd, Strawberry Plains, TN for Sale
$1,250,000 USD
Apartments - FOR SALE
1/37
null | 9.1% Cap Rate

3229 Blue Springs rd
Strawberry Plains, TN 37871


HIGHLIGHTS

  • Desirable area, easy to find tenants.
  • Level lot and back yards.
  • Possibly room for a 5th duplex but would need septic.

OVERVIEW

Back on Market at no fault of the seller. Buyer's financing fell through. There are 4 duplexes ranging from being built in 1980 to 1984. Square feet ranges from 1,984 to 2,072. 3 of the duplexes are 2 bed and 1.5 bath while the 4th is 2 bed and 2 full bath. Gross monthly income is $10,200 when all units are full. 2 units are vacant right now for viewing but can be filled once under contract. Total expenses including property management being 10% is right around 30k annually. Additional interior photos available upon request.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$157 USD /SF

# OF UNITS

8

PRICE/UNIT

$156,250

CAP RATE

9.1%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 duplexes on 1 lot.

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,999 SF

ZONING

-

APN/PARCEL ID

053-102.00

ASK ABOUT THIS PROPERTY

Jessee CookCook and Company RealtyMore Info
423-552-0881

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Jessee CookCook and Company RealtyMore Info
423-552-0881

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.