About This Home

This 0-bedroom, 0-bathroom multi-family at 340 Briar Ave in Jamestown, TN is listed for $3,200,000 ($123 per sqft). Built in 1993, the home offers 25,980 sqft of living space on a 0.00 acres lot.

Key Features

Built in 1993
0.00 acre lot

Property Details

1993

Amenities

A/C

Listing Description

Tremendous capital-producing investment with upside! Offering a 43 unit apartment complex in Jamestown, TN with a strong cap rate around 8%. These units have an impressive high occupancy history and potential to increase cash flow (the only units not currently occupied are the ones undergoing a remodel).

Current owners have updated approximately 25% of the units (in transition time between tenants), and they continue to improve this asset as we go to market. Turn-key operation with immediate cash flow. This real estate will appreciate in value as you profit from the cash flow that results from the impressive cap rate.

Monthly Cost Estimate

$17,114/mo

20% down · 6.5% · 30 years

Principal$2,314

Interest$13,867

Insurance$933

Estimates only. Actual payments may vary.

Location

340 Briar Ave

Jamestown, TN 38556

Property Details

Construction

Vinyl Siding

Heating

Electric (Heating)

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 340 Briar Ave is listed at $3,200,000 ($123/sqft). The estimated monthly payment is $17,114 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1993, 0.00 acre lot.

This property is listed by Landon Dickerson.

Landon Dickerson

Agent at True North Real Estate Services, LLC

340 Briar Ave, Jamestown, TN 38556

About This Home

Key Features

Property Details

Amenities

Monthly Cost Estimate

Location

Property Details

Construction

Heating

Cooling

Questions & Answers

Landon Dickerson