Courtesy: SVN I Wood Properties
865-637-7777
Presenting Maplecrest Square Apartments. These 34 units are 100% occupied and centrally located in Jefferson City, Tennessee. Sixteen units are 2 bed / 1.5 bath and eighteen are 2 bed / 2.5 bath townhouse style units. The property has historically been fully occupied and there is ability to further increase rents. Significant capital expenditures totaling $492,000 have been made with 23 of the 34 units being recently renovated. All roofs were replaced in 2018 and 2021. The townhomes are individually metered for electric and water / sewer with tenants paying all utilities. The flat style units are individually metered for electric with water / sewer on one meter. The water / sewer bills for the flat style units are billed back to the tenants. There are washer / dryer hookups in each unit. Additionally, there is a bark park and picnic area on site.
Courtesy: United Real Estate Solutions
865-444-2400
This is a great investment opportunity for 3 units in one building. A lot of improvements have been made on the units recently. The lot is spacious and with city approval. This location has plenty of room for tenant parking and is close to the 11E corridor and to Cherokee lake. All brick construction means you have limited maintenance and the seller has just installed new gutters and several mini-split HVAC units. There is additional storage areas in the bottom level. You don't find an opportunity priced like this per door for income property. Seller will require prequalified bank letters or proof of cash for in-person showings. Email listing agent for income data. Sewer is available at this location for future expansion of the property. All most all appliances are new and convey except 2 washers and dryers. There is a storage barn does convey in the back yard which is great for storage.
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Jefferson City is located in Tennessee. Jefferson City, Tennessee has a population of 8,173. Jefferson City is more family-centric than the surrounding county with 33.65% of the households containing married families with children. The county average for households married with children is 30.29%.
The median household income in Jefferson City, Tennessee is $46,056. The median household income for the surrounding county is $54,371 compared to the national median of $69,021. The median age of people living in Jefferson City is 31.2 years.
The average high temperature in July is 86.4 degrees, with an average low temperature in January of 25.3 degrees. The average rainfall is approximately 45 inches per year, with 9.1 inches of snow per year.
