For Sale
$2,680,000

500 Cumberland AveJasper, TN 37347

29-unit value-add multifamily investment.

Overview

Added:
Dec 11, 2024
Days on market:
113

Highlights

  • 31-minute drive from downtown Chattanooga.
  • $37,772 in capital improvements in the past 36 months.
  • Recent renovations include paint, flooring, cabinets, countertops, appliances, bathroom vanities, toilets, tub refinishing, and light fixtures.
  • Approximately half of the HVAC units replaced since 2019.
  • All but one building roof is less than 5 years old.
  • Individual water and electric meters; hot water on master meter with monthly fee.

Property Details for 500 Cumberland Ave

Property type
Apartment buildings
Class
B
Year Built
1983
Buildings
6
Stories
2
Lot Size (sq. ft)
120,661 SF
Units
29

Location Insight

City
Jasper
County
Marion
State
Tennessee
Latitude
35.078766880064
Longitude
-85.634271711722
500 Cumberland Ave, Jasper, Tennessee
Leaflet | © OpenStreetMap contributors

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500 Cumberland Ave
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