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369 Warren St
Madisonville, TN 37354

$1,350,000 USD

Multifamily For Sale • 10,304 SF

Property Details

Property Type Multifamily
Total Building Size 10,304 SF
Lot Size 1.9 AC
Year Built 1990
Cap Rate 6.03 %
Zoning Commercial

0 Transit Score

8 Walk Score

                
                    Highlights
                
                                Two apartment buildings totaling 12 units with in-place rental income
                            
                                Adjacent ±1 acre parcel potentially available for assemblage
                            
                                Opportunity for long-term hold with stable workforce housing demand in the local market

Property Flyers

Offering Memorandum _Cherokee Apartments

Financial Summary (Actual)

Net Operating Income: $88,835 USD (2025)

Cap Rate:	6.03 %
Total Expenses:	$23,665 USD

Public Transportation

Airport	Drive	Walk	Distance
McGhee Tyson	48 min	-	35.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Molly Marcum 423-508-5265 Rise Partners

369 Warren St Madisonville, TN 37354