59 Redbud trl - Apartments FOR SALE


Dunlap, TN 37327
$749,900 USD
423-313-2178
59 Redbud trl, Dunlap, TN for Sale
$749,900 USD
Apartments - FOR SALE
1/19
null | 8.67% Cap Rate

59 Redbud trl
Dunlap, TN 37327


HIGHLIGHTS

  • Close to Most Visited State Park in Tennessee and other state parks minute down the road
  • New Construction with Metal Roofs and Tounge and Groove finishing
  • 9th house already started for more upside
  • Under Utilized and could be bringing much higher rents with some completed finishing touched

OVERVIEW

8 Houses, 4.26 Acres, Great Air BnB opportunity, Close to attractions... 1st built 2022, with some recently finished. Tenants pay all utilities. Upside potential with some final finishings. Currently under renting for 800 per mo. should conservatively bring 1000-1200 per mo. House #8 in process of being completed. Footer and foundation has been done for one more house that would be the 9th house. Some houses have complete closed in foundations and some are open on pillar and footer. Each house is 1 bed 1 Bath 784 sqft including the covered porch area. 23 minutes from the most visited Fall Creek Falls State Park in Tennessee, 8 minutes from Savage Gulf State Park and 10 Minutes to Downtown Dunlap. Hospitality possibilities with these if you wanted to repurpose them as short term rental cabins.

FOR SALE DETAILS

PRICE

$749,900 USD

PRICE/SF

$120 USD /SF

# OF UNITS

8

PRICE/UNIT

$93,738

CAP RATE

8.67%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 NEW HOUSES 9% CAP w/AIR BNB UPSIDE

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.26 AC

LAND SF

185,566 SF

ZONING

-

APN/PARCEL ID

018-038.02

ASK ABOUT THIS PROPERTY

Ashley BrumleyKeller Williams CommercialMore Info
423-313-2178

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Ashley BrumleyKeller Williams CommercialMore Info
423-313-2178

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.