6362 Maynardville HwyMaynardville, TN 37807

This exceptional investment opportunity presents a 10-unit apartment building situated on a spacious 2.07-acre lot in Maynardville, Tennessee. The property, located at 6362 Maynardville Hwy, 37807, boasts a total of 3,756 square feet and features a single-story design built in 1974. Currently configured as a 5-unit apartment complex, the property also includes two houses and three trailer rental properties, providing diverse income streams. Further enhancing its profitability is a coin-operated laundry facility and five self-storage units, catering to tenant needs and generating additional revenue. The asking price is $1,100,000, translating to $110,000 per unit and a price per square foot of $292.86. The property's projected net operating income (NOI) exceeds $100,000, resulting in a pro-forma capitalization rate of 9.09%. This multifamily investment offers a compelling combination of established rental income, supplementary revenue streams, and significant potential for future growth. The property's location in Maynardville, Tennessee provides access to a stable rental market. This turnkey investment is ideal for those seeking a strong return on investment in a desirable location.