40 Jamestown Ct - Multi-Family FOR SALE


Crossville, TN 38555
$895,000 USD
865-566-8841
40 Jamestown Ct, Crossville, TN for Sale
$895,000 USD
Multi-Family - FOR SALE
1/27
null | 7.55% Cap Rate

40 Jamestown Ct
Crossville, TN 38555


HIGHLIGHTS

  • 2 Units Fully Furnished - short or mid term corporate. 1 is partially furnished rented long term
  • Beautifully constructed brick buildling on quiet center green
  • Registered as 3 separate condos

OVERVIEW

Turnkey rental with 3 townhouse condos at Jamestown Court. #101 - partially furnished 3 BDR/2.5BA $1625/mo plus $25 pet fee, long term rental. Tenant pays electricity, water, internet. #102 - fully furnished 2BDR/2.5BA rented long term $2100; owner pays all utilities. #103 fully furnished 3BDR/2.5BA, currently rented as STVR $2500-$3000/mo and also listed as long term. Construction companies and people moving to the area love renting this place on a monthly basis. Owner/Agent/Interior Designer/Property Manager is retiring. Jamestown Court was recently converted from one complex to condos so 32 units can be sold individually. First offering is Building #40 with 3 condo townhouses. New HOA is Jamestown Court Condominium Owners Association. HOA fees are $100 per unit per month and cover trash, landscape, HOA insurance and some maintenance savings.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$215 USD /SF

# OF UNITS

3

PRICE/UNIT

$298,333

CAP RATE

7.55%

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Building 40

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

087O-D-001.00

ASK ABOUT THIS PROPERTY

Marette St JohnRE/MAX PREFERRED PROPERTIES. INCMore Info
865-566-8841

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

Marette St JohnRE/MAX PREFERRED PROPERTIES. INCMore Info
865-566-8841

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