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207-215 Main St 6 Unit Apartment Building $299,900 ($49,983/Unit) 17.03% Cap Rate Troy, TN 38260
EXECUTIVE SUMMARY
Don't miss this rare opportunity to own a two-property, six-unit rental package located at 207 & 215 Main St. in Troy, TN, currently generating over $4,800 per month in rental income. This investment includes a quadplex at 207 Main and a duplex at 215 Main, both featuring brand-new roofs installed in August. Each unit offers 2 bedrooms, 1 bathroom, in-unit laundry hookups, and individual HVAC systems, giving tenants modern comfort and independence. Recent updates include flooring, lighting, kitchens, HVAC repairs, plumbing, and more, ensuring long-term durability and minimal maintenance. All tenants are on year leases and pay their own utilities, maximizing investor cash flow. Located in a strong rental demand area, this package is a perfect turnkey investment with immediate income and future growth potential.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$58,560
|
$12.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$58,560
|
$12.20
|
| Taxes |
$2,769
|
$0.58
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$2,769
|
$0.58
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $58,560 |
| Annual Per SF | $12.20 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $58,560 |
| Annual Per SF | $12.20 |
| Taxes | |
|---|---|
| Annual | $2,769 |
| Annual Per SF | $0.58 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $2,769 |
| Annual Per SF | $0.58 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $299,900 | Building Class | C |
| Price Per Unit | $49,983 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 4,800 SF |
| Cap Rate | 17.03% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1994 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | M | ||
| Price | $299,900 |
| Price Per Unit | $49,983 |
| Sale Type | Investment |
| Cap Rate | 17.03% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 4,800 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1994 |
| Opportunity Zone |
Yes |
| Zoning | M |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Ceiling Fans
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Storage Space
1 1
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United Country Southern Lifestyle Properties
207-215 Main St
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