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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

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.
More about this property
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