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Mountain City, TN

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$199,900

1609 Forge Creek Rd Mountain City, TN 37683
8 Beds
Courtesy Of Blue Ridge Realty & Investments, LLC
MLS# 195999
PROPERTY DESCRIPTION: 
Great Investment Opportunity! Wonderfully maintained Quadplex that is income producing is available in Mountain City. Rental Income from units in 2015 totaled $20,900k, with a ROI of almost 8%. The building is four units that are each 2 bedroom and 1 bathroom, each renting for $450 a month with a great rental history of almost always fully occupied. The building is on city water and each unit has separate metered utilities, with heating by electric heat pump. The units have spacious kitchens and living rooms, with separate water heaters and washer and dryer hookups in every unit. The additional land provides an ample flat parking area and could provide room for an additional building. With the new $120 million Parkdale manufacturing factory expansion, including new jobs, and the proximity to the grocery store and other town amenities, the units offer a very attractive location to renters. This would be a great opportunity for someone looking to get into investment properties as the building has been well maintained and is priced to sell!
FEATURES:
Age: 11-20 Years Old
Architecture Style: Other
Lot Size: 1.32 Acres
Roof Type: Asphalt
Rooms: Bedroom

Mountain City, TN Real Estate & Homes for Sale - 1 Listing Found

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