$358,000
Jamestown, TN 38556
MLS# 1267654
2900 sqft
1 / 29
Property Description
Prime cash-flowing investment opportunity in the heart of Jamestown! This fully rented duplex has updated units, with 3 beds/1bath in Unit A, and 4beds/1bath in Unit B, a separate shared laundry room, and a 1-car garage. Ideally located just outside of Downtown Jamestown, this property also generates additional income from RV parking and storage. The expansive paved area holds potential for storage units or more RV parking. You have the option to add 7 storage units for $14k, each renting for $160-$170 per month. With no restrictions and just minutes from Big South Fork hiking and horse trails, as well as a short 40-minute drive to Dale Hollow Lake and Brimstone ATV trails, this investment promises both immediate returns and future growth. Priced under recent appraised value. Don't miss out on this lucrative opportunity!
Details
Maps
Location, Tax & Legal Info
House #: 514
Street Name: Flatt Spur
St Suffix: Rd
State/Province: TN
Zip Code: 38556
Area: Fentress County - 43
City/County Code: City Limits
PIN #: 053P B 004.00
Elementary School: York
High School: Clarkrange
Total Tax: 618.57
Geo Lat: 36.431376
Geo Lon: -84.94528
Contract Info
Auction Y/N: No
Listing Price: 358000
Current Price: $358,000
Status: Active
Listing Date: 2024-06-26
Cooperation Comp: 2.4
Compensation Type: %
General Property Description
SqFt - Total (Aprox): 2900
Lot Dimensions: 155X195X150X139
Lot Size SqFt: 25507
Number of Units: 2
# Units Leased: 2
Utilities/Mo Avg: 260
Year Built: 1967
Property Status: N/A
Restrictions: No
Driveway: Paved
Lease Information: $3020/mo rental income
Remarks & Misc
Directions: From I-40, take exit 317 onto US-127 toward Jamestown
In 32 miles, turn left onto SR-52
Turn right onto E Central Ave
Turn right onto Flatt Spur Rd
Property is on the right. Sign on property.
From I-75, take exit 141 toward Huntsville
Turn left onto Howard H Baker Hwy
In 20 mi turn left onto Scott Hwy
In 8 mi turn right onto Rugby Hwy
In 18 mi turn right onto Pennsylvania Ave
Continue straight onto E Central Ave
Turn right onto Flatt Spur Rd
Property is on the right. Sign on property.
Public Remarks: Prime cash-flowing investment opportunity in the heart of Jamestown! This fully rented duplex has updated units, with 3 beds/1bath in Unit A, and 4beds/1bath in Unit B, a separate shared laundry room, and a 1-car garage. Ideally located just outside of Downtown Jamestown, this property also generates additional income from RV parking and storage. The expansive paved area holds potential for storage units or more RV parking. You have the option to add 7 storage units for $14k, each renting for $160-$170 per month. With no restrictions and just minutes from Big South Fork hiking and horse trails, as well as a short 40-minute drive to Dale Hollow Lake and Brimstone ATV trails, this investment promises both immediate returns and future growth. Priced under recent appraised value. Don't miss out on this lucrative opportunity!
Status Change Info
Status Change Date: 2024-06-26
Income/Expenses
Gross Annual Income: 36740
Annual Oper Expenses: 3120
Net Operating Income: 33620
Garage/Parking
Garage Spaces: 1
Property Features
Property Sub-Type: Duplex
Type of Units: 3 or more Bdrm Units; Other
Sale Includes: Building and Land
Floors: Vinyl
Tenant Expenses: Telephone
Owner Expenses: Electricity; Gas; Sewer; Taxes; Trash Collection; Water
Fuel: Electric; Gas (Natural)
Heat: Central
Cooling: Central Cooling
Appliances: Dryer; Microwave; Range; Refrigerator; Washer
Construction: Frame
Roof: Asphalt; Shingle
Siding: Vinyl
Garage/Parking: Attached; Off-Street Parking; On Premise Parking; Other
Exterior Features: Patio; Porch - Covered; Shed
Misc Features: Internet Available; Walk-in Shower
Other Rooms: Mstr Bdrm Main Level; Office
Miscellaneous: Patio; Porch; Washer/Dryer Cnctns
New Financing: Cash; Conventional; New Loan
Showing: See Agent Instructns
Listing Office: Wallace
Office Phone: 865-584-4000
Last Updated: July - 01 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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