Multifamily Property For Sale - Pinewood Place

101-111 N. Roosevelt St., Tullahoma, TN, 37388

 

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Pinewood Place

101-111 N. Roosevelt St., Tullahoma, TN 37388

105/107 Roosevelt
  • $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!

Financial Summary

Unit Mix Information

  • Proforma
  • 2009
  • $66,000
  • $66,000
  • $1,560
  • $64,440

Map of 101-111 N. Roosevelt St., Tullahoma, TN 37388 (Coffee County)

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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.


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