305 & 307 Elm Ave

    Jasper, TN 37347
    • $135,000
    • STATUS: Active
    • ON SITE: 26 days
    • MLS #: 1306856
    UPDATED: 24 min ago
    $135,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,936
      SQFT
    • $70
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2005
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Investors, here's the deal you've been looking for! This $885,000 investment package deal features 9 properties with a total of 15 units all located within a block of each other in a quiet Jasper neighborhood. Currently 100% occupied with a GMI of $7,150. One of the units is owner occupied - rent for that particular unit would be $550 a month if occupied by a tenant. Composed of 4 single family homes, 4 duplexes, and 1 triplex, the addresses included are 202, 204 & 206 Meadow Ave, 305 & 307 Elm Ave, 405 W 3rd St, 301 Elm Ave, 404 W 3rd St, 406 W 3rd St, 209 Elm Ave, 403 W 3rd St, and 402 & 404 2nd St. All properties have off street parking. Situated just minutes from interstate access, these properties are only 20 minutes away from Bridgeport, AL and 35 minutes from downtown Chattanooga.Currently there is a housing shortage in Bridgeport, AL due to the influx of workers at the new Google facility. Because of this, the current rental rates are priced under market value and there is the potential to increase rents. Call today for more information.

    Monthly Payment Calculator



    © 2019 Chattanooga Association of REALTORS®. INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. The site does not contain all listings available through the MLS. Grace Frank Group | Real Estate Partners Chattanooga does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Grace Frank Group | Real Estate Partners Chattanooga. This site was last updated on 2019-10-16T17:08:48.923.
    www.gracefrankgroup.com/homes/99124375

    305 & 307 Elm Ave Jasper, TN 37347

    • Price: $135,000
    • Status: Active
    • Updated: 24 min ago
    • MLS #: 1306856
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    1,936
    SQFT
    $70
    $/SQFT
    2005
    Built
    Neighborhood:
    None
    County:
    Marion
    Area:
    Jasper
    Elementary School:
    Jasper Elementary
    Middle School:
    Jasper Middle
    High School:
    Marion County High
    Property Description
    Investors, here's the deal you've been looking for! This $885,000 investment package deal features 9 properties with a total of 15 units all located within a block of each other in a quiet Jasper neighborhood. Currently 100% occupied with a GMI of $7,150. One of the units is owner occupied - rent for that particular unit would be $550 a month if occupied by a tenant. Composed of 4 single family homes, 4 duplexes, and 1 triplex, the addresses included are 202, 204 & 206 Meadow Ave, 305 & 307 Elm Ave, 405 W 3rd St, 301 Elm Ave, 404 W 3rd St, 406 W 3rd St, 209 Elm Ave, 403 W 3rd St, and 402 & 404 2nd St. All properties have off street parking. Situated just minutes from interstate access, these properties are only 20 minutes away from Bridgeport, AL and 35 minutes from downtown Chattanooga.Currently there is a housing shortage in Bridgeport, AL due to the influx of workers at the new Google facility. Because of this, the current rental rates are priced under market value and there is the potential to increase rents. Call today for more information.
    Exterior Features

    Exterior Aluminum/VinylSiding Garage Parking Off Street Parking Lot Description Level Lot Size Dimensions 75X121X43 IRR Roof Metal

    Interior Features

    Basement Slab Cooling CentralElectric Description 1 Level Heating CeilingCentralElectric Unit One Bedrooms 3 Unit One Features 1 Bath3 Bedrooms Unit One Full Baths 1 Unit One Half Baths 0 Unit Two Bedrooms 3 Unit Two Features 1 Bath3 Bedrooms Unit Two Full Baths 1 Unit Two Half Baths 0

    Property Features

    Community Features Tv Cable Available Existing Financing Conventional Financing CashConventional Gross Monthly Rent 550.00 Home Warranty No Owner Pays ElectricWater Possession Day Of Closing Property Sub Type Duplex Taxes 1399.44 Tenant Pays ElectricWater Type Of Sale Home OwnerInvestor Unit One Unit Number 305 Unit Two Unit Number 307 Water Sewer On SewerPublic Water

    Listing information © 2019 The Multiple Listing Service of Chattanooga, Inc.
    Listing courtesy of Real Estate Partners Chattanooga, Llc.



    © 2019 Chattanooga Association of REALTORS®. INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. The site does not contain all listings available through the MLS. Grace Frank Group | Real Estate Partners Chattanooga does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Grace Frank Group | Real Estate Partners Chattanooga. This site was last updated on 2019-10-16T17:08:48.923.
     
    Grace Frank Group | Real Estate Partners Chattanooga
    525 W Main Street
    Chattanooga TN, 37402