This fantastic investment opportunity will immediately cash flow for its new owner and provide a great income. This four unit apartment complex consists of four townhouse units that are very well cared for. Three of the units are rented for $875.00. Each unit consists of two bedrooms, 1.5 baths, kitchen, and living room. This complex features separate metered electric for each unit. The current owner pays an average of $115.00.00 per month for water and $160.00 per month on trash pick up. The current owner has a flood insurance policy and that has been factored into the annual operating expenses. Furthermore, utilities are in the annual operating expenses as well. This complex is extremely well maintained, and sits directly on the Laurel Fork of the river and would provide an excellent investment opportunity with a great return on your money. All information and square footage are subject to buyer verification.
Hampton is located in Tennessee. Hampton, Tennessee has a population of 4,074. Hampton is less family-centric than the surrounding county with 12.67% of the households containing married families with children. The county average for households married with children is 24.05%.
The median household income in Hampton, Tennessee is $30,382. The median household income for the surrounding county is $34,625 compared to the national median of $57,652. The median age of people living in Hampton is 49.6 years.
The average high temperature in July is 85.6 degrees, with an average low temperature in January of 24.8 degrees. The average rainfall is approximately 49.9 inches per year, with 11.2 inches of snow per year.