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40 Jamestown Ct - 3 Townhouse style condos 101, 102 & 103 3 Unit Apartment Building Offered at $895,000 at a 7.55% Cap Rate Crossville, TN 38555
INVESTMENT HIGHLIGHTS
- 2 Units Fully Furnished - short or mid term corporate. 1 is partially furnished rented long term
- Registered as 3 separate condos
- Beautifully constructed brick buildling on quiet center green
EXECUTIVE SUMMARY
Turnkey rental with 3 townhouse condos at Jamestown Court. #101 - partially furnished 3 BDR/2.5BA $1625/mo plus $25 pet fee, long term rental. Tenant pays electricity, water, internet. #102 - fully furnished 2BDR/2.5BA rented long term $2100; owner pays all utilities. #103 fully furnished 3BDR/2.5BA, currently rented as STVR $2500-$3000/mo and also listed as long term. Construction companies and people moving to the area love renting this place on a monthly basis.
Owner/Agent/Interior Designer/Property Manager is retiring. Jamestown Court was recently converted from one complex to condos so 32 units can be sold individually. First offering is Building #40 with 3 condo townhouses. New HOA is Jamestown Court Condominium Owners Association. HOA fees are $100 per unit per month and cover trash, landscape, HOA insurance and some maintenance savings.
Owner/Agent/Interior Designer/Property Manager is retiring. Jamestown Court was recently converted from one complex to condos so 32 units can be sold individually. First offering is Building #40 with 3 condo townhouses. New HOA is Jamestown Court Condominium Owners Association. HOA fees are $100 per unit per month and cover trash, landscape, HOA insurance and some maintenance savings.
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (PRO FORMA - 2026) 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
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) 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 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Wi-Fi
- Island Kitchen
- Lawn
- Linen Closet
- Pantry
- Vinyl Flooring
SITE AMENITIES
- Individual Locking Bedrooms
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 1 | $1,625 | 1,515 |
| 2+2.5 | 1 | $2,100 | 1,104 |
| 3+2.5 | 1 | $2,750 | 1,536 |
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PROPERTY TAXES
| Parcel Number | 087O-D-001.00 | Total Assessment | $910,600 (2024) |
| Land Assessment | $84,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $826,600 (2024) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
087O-D-001.00
Land Assessment
$84,000 (2024)
Improvements Assessment
$826,600 (2024)
Total Assessment
$910,600 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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40 Jamestown Ct - 3 Townhouse style condos 101, 102 & 103
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