142 Spears Ave Elizabethton Multi-Family
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||$38,636.36 Per Unit
|In Opportunity Zone?
|Property Use Type:
||Cash to Seller
Overview / Comments
Multi Family investment property, easy to rent, in Elizabethton. Many units upgraded, and renovated, (just finished a $15,000 upgrade). Property Currently Full, 100% occupied. Future increase of income potential! 11 Units.
Monthly Gross income is $5105. (Rent roll Available upon request). Expenses are yearly at $21,903. (No T-12 available; list of yearly costs available upon request).
NOI is $39,357. Cap rate currently at 9.3%, and future income potential with raised rents in the future. Convinient location to downtown Elizabethton. Great investment property!
||010034B D 02300
||Elizabethton is a city in, and the county seat of Carter County, Tennessee, United States. Elizabethton is the historical site of the first independent American government (known as the Watauga Association, created in 1772) located west of both the Eastern Continental Divide and the original Thirteen Colonies.
The city is also the historical site of the Transylvania Purchase (1775), a major muster site during the American Revolutionary War for both the Battle of Musgrove Mill (1780) and the Battle of Kings Mountain (1780). It was within the secessionist North Carolina "State of Franklin" territory (1784–1788).
The population of Elizabethton was enumerated at 14,008 during the 2010 census.
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