340 Briar Ave, Jamestown, TN 38556
Fentress County
Key Facts
Description
Tremendous capital-producing investment with upside! Offering a 43 unit apartment complex in Jamestown, TN with a strong cap rate around 8%. These units have an impressive high occupancy history and potential to increase cash flow (the only units not currently occupied are the ones undergoing a remodel). Current owners have updated approximately 25% of the units (in transition time between tenants), and they continue to improve this asset as we go to market. Turn-key operation with immediate cash flow. This real estate will appreciate in value as you profit from the cash flow that results from the impressive cap rate.
Property Information
Property Type
Residential Income
Sub-Type
Apartment
Year Built
1993
Living Area
25,980 sq ft
Lot Dimensions
5.74ac
Days on Market
27
MLS® Listing#
242556
Property Features
Cooling
Heating
Basement
Construction
Roof
Sewer
Water Source
Financial Details
Annual Taxes
$7,317
Parcel Number
004.00
Directions
North on Justice Center drive/Stewart St toward Rugby Ave, left onto Rugby, right on Main, left onto Central Ave W, right onto N Crabtree, right onto W Briar Ave
Affordability Calculator
$640,000
Estimated monthly payment
$17,032/mo
Principal $2,560,000 · Est. interest $3,571,428 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Jamestown, TN
- $349,587
- Median Listing Price
- 87
- Median Days on Market
- 1,608
- Median Sq Ft
- $210
- Median Price / Sq Ft
- 289
- Active Listings
- This home’s price is 815% above the area median.
- Its price per sq ft is 41% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Jamestown, TN.
Location
Points of Interest in Jamestown, TN
Showing the Jamestown area map.
Nearby Schools
LBJ & C Development
School · 0.6 mi away
Alvin C. York Agricultural Institute
Secondary · 0.7 mi away
York Elementary School
Elementary · 0.7 mi away
Pine Haven Elementary
Elementary · 1.1 mi away
Jamestown S D A Church
School · 1.4 mi away
Cumberland Christian School
School · 3.0 mi away
Fentress Co Adult High School
Secondary · 5.0 mi away
Allardt Elementary School
Elementary · 5.1 mi away
South Fentress Elementary School
Elementary · 13.4 mi away
Clarkrange High School
Secondary · 14.0 mi away
Pickett County Adult Education Center
School · 14.5 mi away
Pickett County High School
Secondary · 14.6 mi away
Pickett County K8
Elementary · 14.7 mi away
LBJ & C Head Start
School · 14.8 mi away
Clarkrange Head Start
School · 15.1 mi away
Sunbright School
Elementary · 18.9 mi away
Wilson Elementary
Elementary · 19.8 mi away
Robbins Elementary School
Elementary · 20.5 mi away
Overton County Schools
Elementary · 21.3 mi away
A H Roberts Elementary
Elementary · 21.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 347 Charit Tr, Jamestown, TN | $2,882,045 | 4 | 6 | 7,397 |
| 347 Charit Tr, Jamestown, TN | $2,882,045 | 4 | 6 | 7,088 |
| 340 Briar Ave W, Jamestown, TN | $3,200,000 | — | — | 25,980 |
| 1313 Flat Rock Rd, Jamestown, TN | $4,000,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Jamestown
Listing Courtesy: True North Real Estate Services, LLC - 9318377355
Presented by: Landon Dickerson