340 W Briar Ave, Jamestown, TN 38556 For Sale

Tremendous capital-producing investment with upside! Offering a 43 unit apartment complex in Jamestown, TN with a strong cap rate around 8%. These units have an impressive high occupancy history and potential to increase cash flow (the only units not currently occupied are the ones undergoing a remodel). Current owners have updated approximately 25% of the units (in transition time between tenants), and they continue to improve this asset as we go to market. Turn-key operation with immediate cash flow. This real estate will appreciate in value as you profit from the cash flow that results from the impressive cap rate. 43 units plus 3 storage units. 340 Briar Ave, "The Village" (24 units (21) units 2BR/1BA, (1)unit 2BR/1.5BA, (2) units 1BR,1BA). 401 Livingston Ave "The Hills" (8 units + 3 storage units-(7) 2BR/1BA, (1)3BR/1BA). 222 Chapman "The Coves" (11 units- (4) 2BR/2BA, (4) 2BR/`1BA, (3) 1BR/1BA, (1)1BD studio) (also former laundry mat that could be moved back to that use)