Investment portfolio opportunity in Brownsville, TN! 5 freestanding homes with excellent rental income, generating $6,000 monthly rents with 100% occupancy. 4 of these have new roofs. Homes are in good condition and located in convenient locations to town, I-40, and Blue Oval. Properties being sold in this package include 1205 Forrest Mann Cir; 1217 Forrest Mann Cir; 1030 Monroe Ave; 114 Jelk St; 606 S. Washington Ave.
LAST CALL. Listed at just @$12.72/ SF! Blue Oval Housing Opportunity! Priced at less than 1/4 of ARV. Mixed Use Building with Up to 18 residential rooms; PLUS large downstairs area with separate entry for a business. Bar/ Restaurant/ Coffee Shop/ Offices/ Retail? 11,000 square feet across 2 floors. Needs work but some work has already been completed: Updated Electric, New Roof, Some Foundational work. Substantial State and Federal Grants Funds available for renovation. Owner/ Agent.
Brownsville is located in Tennessee. Brownsville, Tennessee has a population of 9,807. Brownsville is less family-centric than the surrounding county with 15.63% of the households containing married families with children. The county average for households married with children is 17.84%.
The median household income in Brownsville, Tennessee is $35,395. The median household income for the surrounding county is $39,952 compared to the national median of $69,021. The median age of people living in Brownsville is 39.9 years.
The average high temperature in July is 89.5 degrees, with an average low temperature in January of 28.5 degrees. The average rainfall is approximately 54 inches per year, with 3.8 inches of snow per year.