Welcome to LoopNet! Check out the listing below or search over 725,000 other listings.
Browse More Listings in Multifamily For Sale, Tullahoma, TN or Tennessee
Pinewood Place
101-111 N. Roosevelt St., Tullahoma, TN 37388
$499,900
10
1,876 SF
$49,990
Multifamily
Garden/Low-Rise
Investment
3%
100%
1
1994
62,200 SF
09 124E E 124E 01200
-
Find Out More...
Last Verified 9/22/2009
Listing ID 14880586
Highlights
Low Maintenance
Near Arnold Air Force Base, Nissan, Jack Daniels
Excellent growth area
Description
5 brick duplex buildings {total of 10 units renting for $550 avg. mo.}w/vinyl trim on 5 separate surveyed lots grouped together in beautiful cluster of pine trees. Each building has two identical 2 bedrm 1 bath, laundry rm, large living rm & kitchen-dining w/refer,stove,dishwasher, all electric CHA & water heater,carport w/entrance. Tullahoma city water/sewer/power. Each building and lot can be financed as an individual home loan by buyer, or purchase all 5 as one property since survey of the 5 lots is not recorded. NOTE: Due to LoopNet listing templet the price per unit is not correct. It should be $105,000 per building & lot. Each building contains two units.
Just off 4-lane hwy 55 in Tullahoma,Tn. 8 mi from Manchester and I-24. Easy access to Arnold Air Force Base, Jack Daniels Distillery in Lynchburg, Nissan Decherd plant, restaurants [Red Lobster,Applebees, Ruby Tuesday,more} and cinema 8 theater. Retail includes shopping mall and centers. All carports have ample driveway parking for tenant and guests. Excellent condition roofs & no maintenence brick and vinyl trim. All 10 units are 100% occupied w/ waiting list due to constant influx of people into area. High growth environment! Fenced rear area under pine trees could be a community picnic activity center. Property maintenence includes seasonal grass cutting/trimming. All units have front covered porch,gutters and secure crawl space. City of Tullahoma will permit conversion of this property to condo's! Excellent investment opportunity in economically thriving area!
Proforma
2009
$66,000
$66,000
$1,560
$64,440
| Description | No. Units | Avg. Mo. Rent | Sq. Ft. |
|---|
| 1111/1113 E. Lincoln St | 2 | $1,100 | 1,876 |
| 101/103 N. Roosevelt St | 2 | $1,100 | 1,876 |
| 105/107 N. Roosevelt St | 2 | $1,100 | 1,876 |
| 109/111 N. Roosevelt St | 2 | $1,100 | 1,876 |
| 1114/1116 E. Grundy St | 2 | $1,100 | 1,896 |
Map of 101-111 N. Roosevelt St., Tullahoma, TN 37388 (Coffee County)
Created 11/12/2006
Additional Information for 101 N Roosevelt Street, Tullahoma, TN 37388
- Active For Sale - 1 Listing
- Active For Lease - 0 Listing
- Previously Listed - 0 Historic Listing
- Sales Comparables Available - 0 RecentSales Record
View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.