Property is in Sweetwater and Madisonville Tn. 1 Site has 24 Town home units sitting on 9 acres. 13 (2) bedroom units and 11 (1) bedroom units. The other location has 27 units and is made up of 8 duplex's and 3 quad buildings. There are 11 (2) bedrooms, 4 (3) bedrooms and 12 (1) bedrooms. These were build in 1980. Some tenants have been there since it was built. They stay 95-100% occupied and usually have a waiting list. These are all tenants that the rent is paid by the government under a THDA 20 year contract. Contract goes thru 10-27-32. Income is increased every year. Contract has recently been renewed for another 20 years. HUD used to audit the complex's every year but no longer does due to budget cuts. There is a laundry room and office on site at both locations. Crosscreek- 1 bed- 850sq ft 2 bed- 1000sq ft. Crestview 1 bed- 800 sq ft 2 bed- 900 sq ft 3 bed- 1125 sq ft. Maintenance is diff every depending on the weather and depending on inspections. Utilities goes up every yr, at least from the fee standpoint.
#1 Package 36 rental homes@ $1,600,000 #2 Package Walker Mobile Home Park 61 pads,40 mobile homes,2 commercial Building + 1 home @ $750,000 #3 Packages 17 apx 1 ac lots,ready to build on Lots @ $250,000.All @$3,400,000
Great income producing property, very well kept. All units have tenants with contracts. There is also an excellent manager in place.
RENT TO OWN - NO CREDIT REQUIRED- $50K DOWN AND PAY $2700 A MONTH- USE IT AS YOUR GATLINBURG RESORT, RENT IT OR WHATEVER YOU WANT TO DO.....2 BEDROOMS 2 BATH, UPSCALE LUXURIOUS CONDO SUITES AMIDST SMOKEY MOUNTAINS IN GATLINBURG RESORT TOWN. FULLY FURNISHED WITH COUCHES, BEDS, DINING, FLAT SCREEN TV, PHONE SYSTEM, WIFI EVEN THE HIGH QUALITY KITCHEN UTENCILS AND CUTLERY. OWNER FINANCING: LEASE OPTION.. 20% DOWN $2500 A MONTH 15 YEARS TO PAY. CREATIVE FINANCING RENT TO OWN. OWNER WILLING TO WORK WITH POTENTIAL BUYERS. These suites are located at 523 Gatlin drive, Gatlinburg, tn.37738, you can google to see how these condos nestled among the smokies. Not your typical condos in the middle of city, yet we are close to Arts and Craft Community of Gatlinburg and only few minutes drive to downtown Gatlinburg, where we give you free parking at 431 Parkway, Downtown Gatlinburg. Click on the links below to see video and slide show of the suites: http://www.venuslodges.com/venus-condos1.html video http://www.venuslodges.com/venus-condos.html slide show
61 units, 3 all brick buildings with new roofs, hvac, wood floors, light etc. This complex is made up or 1,2 & 3 bedroom units with central heat and air. There is a Speed Queen coin operated laundry facility that is owner owned. Complex was fully rehabbed in 2009 & 2010& 2014. NO, I WILL NOT LOAN YOU MONEY OR TRADE FOR FLORIDA REAL ESTATE TO BUY THIS COMPLEX. Cap rate is based on Pro Forma Numbers. WE are currently 97 percent leased.
Offered at half its Wholesale Value. This is a single family Solid Brick Home. It has 3 bedroom. This was a recent U.S Bank foreclosure. Available for sale at a fraction of its value. Home is located at 1091 Leath St Memphis TN 38107. Built in 1929. All wholesale assets are sold as is where is of course. Property is vacant and will need interior rehab. This is a very recent Foreclosures.
This is a package sale - Three duplex properties, 6 total units. Excellent cash flow, 100% occupancy makes for a great investment. Each unit is 2 bedrooms, 1.5 bathrooms, full kitchen, large living room, 2-stories, each 1200 sq ft, central HVAC, built in 1979. Private parking for each unit.
23 total units 2 bdrm. 12 1 bdrm. and 9 weekly apts. And a public Laundromat also on the property with an oversized lot.
Income Producing Real Estate Investment Package 1 of 2 Lexington, TN (multifamily units) For Sale by Owners - Bow Properties, LLC. (25 total, 2 x 3 bd. 1.5 b, 22 x 2 bd. 1.5 b & 1 x 1bd. 1 b.) LakeSide Townhouses 16563 HWY 104 N, Lexington, TN 38351 ($1,050,000) For more information see MLSID # 9932025 Built in 2001