Eric Hibbs - Coldwell Banker McMahan

IQWeb_Description

Great investment opportunity. 10 unit apartment complex and a 3/4 bedroom house all for one reasonable price. Apartments currently 70% full with renters. There are 2 five plexes. One is two bedroom and 1 bath and the other is 3 bedroom 1 full bath and one half bath. Owners will consider selling house separately from apartment complex. Two bedrooms currently rent for $450 and three bedrooms for $550. Home has rented for $550-$650. Cap rate is far higher than the asking price. MLS#1710837. Can be purchased with MLS#1710925. Call listing agent for details.

IQWeb_Details

IQWeb_MLS1710837
IQWeb_SubtypeResale
IQWeb_StatusActive
IQWeb_Year0
IQWeb_Days_on_Site455

IQWeb_Features

IQWeb_SQ_Feet950
IQWeb_Units11
IQWeb_Buildings1

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IQWeb_Area_Information

IQWeb_StateKY
IQWeb_CountyKnox
IQWeb_CityBarbourville
IQWeb_Zip_Code40906
IQWeb_AreaKnox County
Listing VS Median (in 40906)
Price:
$375,000
low | high
Med:
$125,000
100% of Average
SqFt:
950
low | high
Med:
0
100% of Average
$ / SqFt:
$395
low | high
Med:
$0
100% of Average
On Site:
455
low | high
Med:
90
100% of Average
IQWeb_Listing_Updated: 08/14/2018
MLS Number: 1710837
IQWeb_Listing_Provided_By:
Donald Sauer  IQWeb_of  RE MAX Property Professionals