139 Shady Loop Crossville, TN 38571

This Crossville, Tennessee investment opportunity presents two homes situated on a spacious 5-acre lot, offering significant potential. The property boasts frontage on two roads, providing convenient access and ample space. Currently operating as a multi-family rental portfolio with 100% occupancy, generating a Net Operating Income (NOI) of $16,200 annually. The property includes a stick-built home and a mobile home, each with its own utilities. The combined net rentable square footage is 1,848 square feet, distributed across two buildings and two units. Built in 1943, the property presents a redevelopment opportunity. Public utilities are available at the roadside. A survey is pending completion. The seller is open to considering subdividing the property with a suitable offer. The property's mostly level and cleared land presents numerous possibilities, from expanding the existing rental units to creating a mini-farm or subdividing the land for individual lots. This property is zoned for multi-family use. The property's address is 139 Shady Loop, Crossville, TN 38571. A 24-hour notice is required for all showings. The asking price is $324,000.