For Sale
$1,459,900

5640 Us-41Jasper, TN 37347

14-Unit Apartment Complex, 7% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a meticulously renovated 14-unit apartment building located at 5640 US-41 in Jasper, Tennessee. Originally constructed in 1952 and completely refurbished in 2024, this Class A property boasts 7,644 square feet situated on a one-acre lot with Commercial zoning. The building features a single story and offers 14 units, providing a strong rental income stream. The property's impressive pro-forma net operating income (NOI) is $103,100, resulting in a compelling 7.00% capitalization rate. Its prime location offers easy access to Chattanooga (just 17 miles or a 27-minute drive), catering to the growing workforce housing demand in the area. The property's proximity to outdoor recreational activities, including the Sequatchie River, Nickajack Lake, and the Fiery Gizzard Trail, adds significant appeal to potential tenants. Owner financing may be considered. This is a rare chance to acquire a high-performing multifamily asset in a thriving market with strong potential for future appreciation. The property is ideally suited for investors seeking a stable, high-yield investment with significant upside potential. This turnkey operation requires minimal management and offers immediate cash flow. The building's recent renovation ensures long-term value and minimizes future maintenance costs. This is a truly unique opportunity to own a piece of this desirable Tennessee community.

Property Details for 5640 Us-41

Property type
Apartment buildings
Square Feet
7,644 SF
Class
A
Year Built/Renovated
1952/2024
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF
Units
14

Location Insight

City
Jasper
County
Marion
State
Tennessee
Latitude
35.0666005
Longitude
-85.6080937
5640 Us-41, Jasper, Tennessee

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
5640 Us-41
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message