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Archived about 3 years ago

$600,000

rooms 1 ba 6912 sqft

116 Highland Ave, Church Hill, TN 37642

Commercial Multifamily Occupied Needs Repairs

Current Rent **

$4,795

Projected Rent **

$7,300

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

William Lokar

Realtor
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Multi-Family in Northeast TN

Great Value Add Opportunity in Northeast TN!! Brick 10-Plex in Church Hill, TN provides a great value add opportunity for an investor looking to expand their portfolio. Eight 1 bedroom, 1 bath units at the front of the building are all currently rented with a total gross income of $4795. 6 have been remodeled. Roof was replaced in 2019. The rear of the building includes 2304 sq. ft. of unfinished and semi-finished space for income producing improvements including a 2 bedroom 1.5 bath unit in need of renovation, a framed 1 bedroom, 1 bath unit, and an additional space for an on-site laundry. Strong BRRRR potential. Rear space is not in the owner's current financials and could generate an additional $1700 per month in income once remodeled. Separate Electric meters. Owner pays water and trash. Property Information taken from tax records and third party sources. Buyers agent to verify all information.

Location:

116 Highland Ave, Church Hill, TN 37642

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.