5640 Us-41 Highway Active

Jasper,TN 37347

$ 1459900

- Bed

- Bath

7644 SqFt


Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,644 sqft

Price per Sqft $190

MLS Listing ID 2709693

HOA Y/N No

Year Built 1982

Annual Tax Amount $2,080

Lot Dimensions 382x231x422

Property Description

7.0% Cap. Originally built as a hotel, this 14 Unit Apartment Rental, has been expertly refurbished. Tons of charm and only 17 miles or 27 minutes to Chattanooga. Excellent for Chattanooga, Monteagle, Sequatchie Valley workforce needs. Great for the outdoor enthusiast, who would work in Chattanooga during the week and would want to enjoy the outdoors on the weekend. Walking distance to the Sequatchie River's canoeing and Kayaking. Only minutes to Nickajack Lake and it's award-winning Bass fishing and water sports. Bring your ski-boat and make a day of it on the lake! Nearby Monteagle gives you tons of Hiking Opportunities, such as the Fiery Gizzard Trail. This 14 Unit Rental is perfectly located to fulfill part of the growing need for workforce housing in a very tight housing market in the area. Owner will consider Owner Financing

Location

State TN

County Marion County

Interior

Heating Electric

Cooling Electric

Flooring Other

Fireplace N

Exterior

Utilities Available Electricity Available

Waterfront false

View Y/N false

Roof Type Other

Parking Type Detached

Private Pool false

Building

Story 1

Structure Type Other

New Construction false

Schools

High Schools Marion Co High School

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