929 N Roane St - Apartments FOR SALE


Harriman, TN 37748
$640,000 USD
865-936-9999
929 N Roane St, Harriman, TN for Sale
$640,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

929 N Roane St
Harriman, TN 37748


HIGHLIGHTS

  • Two properties: Quadplex + 3BR/1BA house on one parcel
  • Income: $4,300/month with $5,100/month pro forma
  • Renovated: New roof, electric, flooring, kitchens, baths
  • Efficient layout: All quad units are identical
  • Upside: Room to increase rents and boost returns

OVERVIEW

925 and 929 N Roane St in Harriman, TN presents a strong value-add investment opportunity with a solid income stream already in place. This property includes a fully updated quadplex with four 1 bed, 1 bath units, as well as a separate 3 bed, 1 bath single-family home on the same parcel. With a total monthly income of $4,300 and a pro forma of $5,100/month, this asset provides immediate cash flow and future upside. The quadplex has been recently improved with all new electric meters, a new roof, new flooring, and completely renovated bathrooms and kitchens across all units—each with an identical, efficient layout. The detached single-family home adds another layer of rental income and tenant diversity. Located in a growing market with strong rental demand, 925 and 929 N Roane St is ideal for investors seeking a stabilized asset with long-term growth potential and minimal deferred maintenance.

FOR SALE DETAILS

PRICE

$640,000 USD

PRICE/SF

$232 USD /SF

# OF UNITS

5

PRICE/UNIT

$128,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ford CollierSVN | Wood PropertiesMore Info
865-936-9999

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Ford CollierSVN | Wood PropertiesMore Info
865-936-9999

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