59 Redbud trl - CAGLE MTN HOUSES
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59 Redbud trl - CAGLE MTN HOUSES
8 Unit Apartment Building Offered at $865,000 at a 7.43% Cap Rate in Dunlap, TN 37327
Investment Highlights
- Close to Most Visited State Park in Tennessee and other state parks minute down the road
- 9th house already started for more upside
- New Construction with Metal Roofs and Tounge and Groove finishing
- Under Utilized and could be bringing much higher rents with some completed finishing touched
Executive Summary
8 Houses, 4.26 Acres, 1st built 2022, with some recently finished. Tenants pay all utilities. Upside potential with some final finishings. Currently under renting for 800 per mo. should bring 1000 per mo. House #8 in process of being completed. Footer and foundation has been done for one more house that would be the 9th house. Some houses have complete closed in foundations and some are open on pillar and footer. Each house is 784 sqft including the covered porch area. 23 minutes from the most visited Fall Creek Falls State Park in Tennessee, 8 minutes from Savage Gulf State Park and 10 Minutes to Downtown Dunlap. Hospitality possibilities with these if you wanted to repurpose them as short term rental cabins.
Property Facts
| Price | $865,000 | Property Type | Multifamily |
| Price Per Unit | $108,125 | Lot Size | 4.26 AC |
| Sale Type | Investment | Building Size | 6,272 SF |
| Cap Rate | 7.43% | No. Stories | 1 |
| No. Units | 8 | Year Built | 2022 |
| Price | $865,000 |
| Price Per Unit | $108,125 |
| Sale Type | Investment |
| Cap Rate | 7.43% |
| No. Units | 8 |
| Property Type | Multifamily |
| Lot Size | 4.26 AC |
| Building Size | 6,272 SF |
| No. Stories | 1 |
| Year Built | 2022 |
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59 Redbud trl - CAGLE MTN HOUSES
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