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    5640 Us-41 Jasper, TN 37347

    Sponsored
    For Sale
    $1,459,900

    14-Unit Apartment Complex, 7% Cap Rate

    Property size:
    7,644 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a meticulously renovated 14-unit apartment building located at 5640 US-41 in Jasper, Tennessee. Originally constructed in 1952 and completely refurbished in 2024, this Class A property boasts 7,644 square feet situated on a one-acre lot with Commercial zoning. The building features a single story and offers 14 units, providing a strong rental income stream. The property's impressive pro-forma net operating income (NOI) is $103,100, resulting in a compelling 7.00% capitalization rate. Its prime location offers easy access to Chattanooga (just 17 miles or a 27-minute drive), catering to the growing workforce housing demand in the area. The property's proximity to outdoor recreational activities, including the Sequatchie River, Nickajack Lake, and the Fiery Gizzard Trail, adds significant appeal to potential tenants. Owner financing may be considered. This is a rare chance to acquire a high-performing multifamily asset in a thriving market with strong potential for future appreciation. The property is ideally suited for investors seeking a stable, high-yield investment with significant upside potential. This turnkey operation requires minimal management and offers immediate cash flow. The building's recent renovation ensures long-term value and minimizes future maintenance costs. This is a truly unique opportunity to own a piece of this desirable Tennessee community.

    Property Features for 5640 Us-41

    General Information

    Property type
    Multifamily properties
    Square Feet
    7,644 SF
    Class
    A
    Lot Size
    43,560 SF

    Building Details

    Year Built/Renovated
    1952/2024
    Buildings
    1
    Stories
    1
    Units
    14
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Jasper
    County
    Marion
    State
    Tennessee
    Longitude
    -85.6080937
    Latitude
    35.0666005

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    FAQs

    What type of property is this?
    Multifamily property - 14-Unit Apartment Complex, 7% Cap Rate
    Where is this multifamily property located?
    The property is located at 5640 Us-41 Jasper, TN.
    What is the asking price?
    The asking price for this property is $1,459,900.
    Request Owner's contact information
    5640 Us-41 Jasper, TN 37347
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    Jasper, TN 37347
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5640 Us-41 Jasper, TN 37347
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