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14 Apartments 5640 Highway 41 14 Unit Apartment Building $1,210,000 ($86,429/Unit) Jasper, TN 37347
Executive Summary
14 Unit Efficiency Apartments. Originally built as a hotel, this 14 Unit Apartment Rental, has been expertly refurbished. Tons of charm and only 17 miles or 27 minutes to Chattanooga. Excellent for Chattanooga, Monteagle, Sequatchie Valley workforce needs. Great for the outdoor enthusiast, who would work in Chattanooga during the week and would want to enjoy the outdoors on the weekend. Walking distance to the Sequatchie River's canoeing and Kayaking. Only minutes to Nickajack Lake and it's award-winning Bass fishing and water sports. Bring your ski-boat and make a day of it on the lake! Nearby Monteagle gives you tons of Hiking Opportunities, such as the Fiery Gizzard Trail. This 14 Unit Rental is perfectly located to fulfill part of the growing need for workforce housing in a very tight housing market in the area.
Property Facts
| Price | $1,210,000 | Building Class | C |
| Price Per Unit | $86,429 | Lot Size | 1.00 AC |
| Sale Type | Investment | Building Size | 7,644 SF |
| No. Units | 14 | Average Occupancy | 79% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1952 |
| Apartment Style | Low-Rise | Parking Ratio | 3.14/1,000 SF |
| Zoning | C2 - Commercial | ||
| Price | $1,210,000 |
| Price Per Unit | $86,429 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 7,644 SF |
| Average Occupancy | 79% |
| No. Stories | 1 |
| Year Built | 1952 |
| Parking Ratio | 3.14/1,000 SF |
| Zoning | C2 - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- Picnic Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | - |
1 1
Property Taxes
| Parcel Number | 120-013.05 | Improvements Assessment | $353,800 |
| Land Assessment | $34,800 | Total Assessment | $388,600 |
Property Taxes
Parcel Number
120-013.05
Land Assessment
$34,800
Improvements Assessment
$353,800
Total Assessment
$388,600
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14 Apartments | 5640 Highway 41
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