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. All 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 1,440. Hampton is more family-centric than the surrounding county with 28.73% of the households containing married families with children. The county average for households married with children is 25.54%.
The median household income in Hampton, Tennessee is $50,000. The median household income for the surrounding county is $44,280 compared to the national median of $69,021. The median age of people living in Hampton is 47.9 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 24.3 degrees. The average rainfall is approximately 45.8 inches per year, with 13.1 inches of snow per year.