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202 Meadow Ave
Jasper, TN 37347

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Property Details


List Price: $160,000
Beds: 9
Baths: 3
Status: Active
SqFt: 2880
Agency: Real Estate Partners Chattanooga LLC

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Description/Comments


Lot Size: --
Property Type: MultiFamily
Year Built: 1998
Notes: Investors, here's the deal you've been looking for! This $775,000 investment package deal features 9 properties with a total of 15 units all located within a block of each other in a quiet Jasper neighborhood. Currently 100% occupied with a GMI of $7,150. One of the units is owner occupied - rent for that particular unit would be $550 a month if occupied by a tenant. Composed of 4 single family homes, 4 duplexes, and 1 triplex, the addresses included are 202, 204 & 206 Meadow Ave, 305 & 307 Elm 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.


Listing Provided By: Real Estate Partners Chattanooga LLC, original listing
Office Phone: (423) 265-0088
Agent Name: Grace Frank


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