139 Shady LoopCrossville, TN 38571
- Mixed-use properties
- 5.00 AC
Property Details for 139 Shady Loop
- Year built
- 1943
- Lot size
- 5.00 AC
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
This Crossville, Tennessee investment opportunity presents two homes situated on a spacious 5-acre lot, offering significant potential. The property boasts frontage on two roads, providing convenient access and ample space. Currently operating as a multi-family rental portfolio with 100% occupancy, generating a Net Operating Income (NOI) of $16,200 annually. The property includes a stick-built home and a mobile home, each with its own utilities. The combined net rentable square footage is 1,848 square feet, distributed across two buildings and two units. Built in 1943, the property presents a redevelopment opportunity. Public utilities are available at the roadside. A survey is pending completion. The seller is open to considering subdividing the property with a suitable offer. The property's mostly level and cleared land presents numerous possibilities, from expanding the existing rental units to creating a mini-farm or subdividing the land for individual lots. This property is zoned for multi-family use. The property's address is 139 Shady Loop, Crossville, TN 38571. A 24-hour notice is required for all showings. The asking price is $324,000.
Location Insight
- City
- Crossville
- County
- 47035
- State
- Tennessee
- Latitude
- 36.0416
- Longitude
- -85.2001
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