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406 3rd St W, Jasper, TN – $35,000

  • 1 Bed
  • 1 Bath
  • 664 Sqft
  • .46 Acres
  • 1 Bed
  • 1 Bath
  • 664 Sqft
  • .46 Acres

406 3rd St W

Investors, here's the deal you've been looking for! This $775,000 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.

Essential Information

  • MLS® #1306860
  • Price$35,000
  • Bedrooms1
  • Bathrooms1.00
  • Full Baths1
  • Square Footage664
  • Acres0.46
  • Year Built1968
  • TypeResidential
  • Sub-TypeResidential
  • Style1 Story
  • StatusActive

Community Information

  • Address406 3rd St W
  • SubdivisionNone
  • CityJasper
  • CountyMarion
  • StateTN
  • Zip Code37347

Amenities

  • AmenitiesNone
  • GaragesOff Street Parking

Interior

  • HeatingFloor Furnace
  • CoolingWindow Unit
  • BasementNone

Interior

Laundry Room, Plum/Stubbed Basement

Appliances

Electric Range - Drop In, Refrigerator, Water Heater - Electric

Exterior

  • ExteriorSiding
  • Exterior FeaturesPorch Screened
  • Lot DescriptionLevel
  • WindowsWindows - Wood
  • RoofShingle
  • FoundationPoured

School Information

  • ElementaryJasper Elementary
  • MiddleJasper Middle
  • HighMarion County High

Additional Information

  • HOA Fees Freq.Not Applicable
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Listing Courtesy Of: Real Estate Partners Chattanooga, LLC

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This site was last updated on March 31st, 2020 at 7:13pm