30 Faith CvBells, TN 38006

Property Details for 30 Faith Cv

Property type

Residential income homes

Property subtype

Apartment buildings

Description

This exceptional multifamily investment opportunity in Bells, Tennessee, presents a portfolio of 19 duplex buildings comprising 38 units. The property is strategically located just 16.5 miles from Brownsville, 13 miles from Humboldt, and 14 miles from Interstate 40 in Jackson, offering convenient access to major transportation routes. The portfolio includes a mix of unit sizes: eleven 3-bedroom, 2-bathroom units; five 2-bedroom, 2-bathroom units; four 2-bedroom, 1.5-bathroom units; and eighteen 2-bedroom, 1-bathroom units. The asking price is $3,600,000, representing a price per unit of $94,736.84 and a 6.08% capitalization rate based on a Net Operating Income (NOI) of $218,719. Significant recent upgrades enhance the property's value and appeal, including six new roofs, remodeled units, three upgraded HVAC systems, and five to six new water heaters. The portfolio is comprised of 14 duplexes in Bells and 5 in Alamo, near the Blue Oval development. A rent roll is available upon request. This Class B property offers a strong return on investment and significant potential for future growth. The property is situated in Crockett County, Tennessee, with the address listed as 30 Faith Cove, Bells, TN 38006.

Location Insight

City

Bells

County

Crockett

State

Tennessee

Latitude

35.7327

Longitude

-89.0838

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