6362 Maynardville Hwy Maynardville, TN 37807
- Apartment buildings
- 3,756 SF
- 2.07 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 6362 Maynardville Hwy
- Year built
- 1974
- Lot size
- 2.07 lot acres
- Property size
- 3,756 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a 10-unit apartment building situated on a spacious 2.07-acre lot in Maynardville, Tennessee. The property, located at 6362 Maynardville Hwy, 37807, boasts a total of 3,756 square feet and features a single-story design built in 1974. Currently configured as a 5-unit apartment complex, the property also includes two houses and three trailer rental properties, providing diverse income streams. Further enhancing its profitability is a coin-operated laundry facility and five self-storage units, catering to tenant needs and generating additional revenue. The asking price is $1,100,000, translating to $110,000 per unit and a price per square foot of $292.86. The property's projected net operating income (NOI) exceeds $100,000, resulting in a pro-forma capitalization rate of 9.09%. This multifamily investment offers a compelling combination of established rental income, supplementary revenue streams, and significant potential for future growth. The property's location in Maynardville, Tennessee provides access to a stable rental market. This turnkey investment is ideal for those seeking a strong return on investment in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Maynardville
- County
- Union
- State
- Tennessee
- Longitude
- -83.7522
- Latitude
- 36.3166
