Price
$ 199,900

1609 Forge Creek Rd, Mountain City, TN 37683  

1609 Forge Creek Rd, Mountain City, TN 37683  

Great Investment Opportunity! Wonderfully maintained Quadplex that is income producing is available in Mountain City. Rental Income from units in 2015 totaled $20,900k, with a ROI of almost 8%. The building is four units that are each 2 bedroom and 1 bathroom, each renting for $450 a month with a great rental history of almost always fully occupied. The building is on city water and each unit has separate metered utilities, with heating by electric heat pump. The units have spacious kitchens and living rooms, with separate water heaters and washer and dryer hookups in every unit. The additional land provides an ample flat parking area and could provide room for an additional building. With the new $120 million Parkdale manufacturing factory expansion, including new jobs, and the proximity to the grocery store and other town amenities, the units offer a very attractive location to renters. This would be a great opportunity for someone looking to get into investment properties as the building has been well maintained and is priced to sell!

Read More
Listing Type
Multi-Family
Listing ID
195999
Listing Status
Active
Year Built
1996
County
Johnson
Units
4
County School District
Outside of Area
Zoning
None
Taxes
1329.0
Listing courtesy of Blue Ridge Realty & Inv. Boone Extension
Houses for Sale Nearby
    Listing Information Provided By:
    RE/MAX REALTY GROUP
    240 Shadowline Dr Boone, NC 28607 | Phone: (828) 262-1990
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.