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3229 Blue Springs rd - 4 duplexes on 1 lot. 8 Unit Apartment Building Offered at $1,250,000 at a 9.10% Cap Rate Strawberry Plains, TN 37871
Investment Highlights
- Desirable area, easy to find tenants.
- Possibly room for a 5th duplex but would need septic.
- Level lot and back yards.
Executive Summary
Back on Market at no fault of the seller. Buyer's financing fell through. There are 4 duplexes ranging from being built in 1980 to 1984. Square feet ranges from 1,984 to 2,072. 3 of the duplexes are 2 bed and 1.5 bath while the 4th is 2 bed and 2 full bath. Gross monthly income is $10,200 when all units are full. 2 units are vacant right now for viewing but can be filled once under contract. Total expenses including property management being 10% is right around 30k annually. Additional interior photos available upon request.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 6 | $1,250 | - |
| 2+2 | 2 | $681.50 | - |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
3229 Blue Springs rd - 4 duplexes on 1 lot.