500 Cumberland Ave, Jasper, TN 37347
Commercial property for lease
- Description
- ATTENTION INVESTORS - RARE OPPORTUNITY - 24 unit apartment complex located in Jasper Tennessee (formerly government subsidized - will transfer WITHOUT the rent restrictions) 4 - 1BR 1BA 741 sq ft units, 16 - 2BR 1BA 965 sq ft units, 4 - 3BR 1BA 1062 sq ft units. 4 apartment buildings, On site management office, playground, basketball court, laundry facility and 50+ paved parking spots. Current rents are at restricted rated and new owner will have opportunity for higher cap rates due to lifted restrictions at sale. Building price details: $799,000.
- Exterior Features
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Parking: Yes Parking Spaces: 50 Parking Type: Surface - Contact info
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Pamela D BrownCentury 21 Professional Group
- Note
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- Property Details
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Building Name: Town Creek Apartments Property Type: Commercial (Other) Status: Available Building Size: 3 SF Number of Stories: 2 Year Built: 1983 Submarket: Low-Rise/Garden MSA: Chattanooga Zoning: R-2 Buildings: 5 Construction: Brick/Vinyl Siding Terms: Cash to Seller Added: 05/11/2019 Last Update: 06/25/2019