$250,000
$299,500
16.5%For more information regarding the value of a property, please contact us for a free consultation.
212 Broad St Jellico, TN 37762
2,655 SqFt
Key Details
Sold Price $250,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,655 sqft
Price per Sqft $94
MLS Listing ID 1243834
Sold Date 01/26/24
Originating Board East Tennessee REALTORS® MLS
Year Built 1991
Lot Size 9,147 Sqft
Acres 0.21
Lot Dimensions 94x95
Property Description
MAJOR PRICE REDUCTION - ESTATE SAYS SELL - WELL KEPT ALL BRICK FIVE UNIT IN JELLICO - JUST OFF I-75 - 44% RENTAL UPSIDE!
Rare opportunity to purchase a well cared for property on a corner lot with longterm residents that are month to month. Current rents for occupied units are 44% under market!These units are all one level, offer great amenities including washer/dryer connections, nice kitchens, and a beautiful private backyard & deck for all to enjoy. With parking at their doors and walking distance to downtown, these units offer the amenities that attract good residents. Current rent roll is $27,300 per year. Projected rent roll at $650 per unit gives a proforma cap rate of 9.8 making the asking price a bargain on a cost/foot and cost/unit basis.
Location
State TN
County Campbell County - 37
Area 9148.0
Rooms
Other Rooms Bedroom Main Level
Interior
Heating Other, Electric
Cooling Wall Cooling
Flooring Laminate, Carpet, Vinyl
Appliance Refrigerator
Heat Source Other, Electric
Exterior
Exterior Feature Patio, Deck, Fenced - Yard
Parking Features On-Street Parking
Garage Description On-Street Parking
Roof Type Shingle
Porch true
Garage No
Building
Faces Take I-75 North to Exit 160 towards Jellico. Turn right and in approximately one mile turn right again onto Broad St. Property is at the corner of Broad St and 3rd St.
Structure Type Brick
Others
Tax ID 004G A 044.00
Energy Description Electric
Acceptable Financing New Loan, Cash
Listing Terms New Loan, Cash
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