212 Broad St
Jellico, TN 37762

  • – beds
  • – baths
  • 2,655 sqft
  • 9,148 sqft lot
  • $94 per sqft
  • 1991 build
  • on site

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MAJOR PRICE REDUCTION - ESTATE SAYS SELL - WELL KEPT ALL BRICK FIVE UNIT IN JELLICO - JUST OFF I-75 - 44% RENTAL UPSIDE! Rare opportunity to purchase a well cared for property on a corner lot with longterm residents that are month to month. Current rents for occupied units are 44% under market!These units are all one level, offer great amenities including washer/dryer connections, nice kitchens, and a beautiful private backyard & deck for all to enjoy. With parking at their doors and walking distance to downtown, these units offer the amenities that attract good residents. Current rent roll is $27,300 per year. Projected rent roll at $650 per unit gives a proforma cap rate of 9.8 making the asking price a bargain on a cost/foot and cost/unit basis.

Knoxville Area Association of REALTORS logo Listing courtesy of KAARMLS / Goldman Partners Realty, LLC

Last checked: Checking… • Last updated Mar 21, 2024 •

MLS# 1243834 —

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Sale history

Date Event Source Price % Change
1/26/24
Sold KAARMLS $250,000

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Multifamily Sold on 1/26/2024

$250,000

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Listing provided by broker:

Solange Velas

Goldman Partners Realty, LLC

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Knoxville Area Association of REALTORS logo Listing Courtesy of: KAARMLS and Goldman Partners Realty, LLC.

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