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500 Cumberland Ave
Jasper, TN 37347
Town Creek Apartments · Multifamily Property For Sale
·
24 Units
PROPERTY FACTS
| No. Units | 24 | Lot Size | 2.77 AC |
| Property Type | Multifamily | Building Size | 21,079 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1983 |
| Building Class | C | Parking Ratio | 1.91/1,000 SF |
| Zoning | Commercial | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.77 AC |
| Building Size | 21,079 SF |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 1.91/1,000 SF |
| Zoning | Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Carpet
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
ABOUT 500 CUMBERLAND AVE , JASPER, TN 37347
ATTENTION INVESTORS - RARE OPPORTUNITY - 24 unit apartment complex located in Jasper Tennessee (formerly government subsidized - will transfer WITHOUT the rent restrictions) 4 - 1BR 1BA 741 sq ft units, 16 - 2BR 1BA 965 sq ft units, 4 - 3BR 1BA 1062 sq ft units. 4 apartment buildings, On site management office, playground, basketball court, laundry facility and 50+ paved parking spots. Current rents are at restricted rated and new owner will have opportunity for higher cap rates due to lifted restrictions at sale.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 741 |
| 2+1 | 16 | - | 965 |
| 3+1 | 4 | - | 1,062 |
PROPERTY TAXES
| Parcel Number | 108-011.02 | Improvements Assessment | $285,240 |
| Land Assessment | $26,000 | Total Assessment | $311,240 |
PROPERTY TAXES
