Five or Six Plex,House Converted,Other - Crossville, TN
6-2BR units, 4-1BR units, 6-Efficiency units, 1-2BR house, and 1-2BR above garage unit in the heart of town on 1.06 Acres within walking distance to Dollar General. At full occupancy on apts and house, and just 25% occupancy on the efficiency units, rental income is $85,000+ per year. And that factors in one 2BR unit dedicated to the On-Site Manager who is paid $100 per week, plus free rent. With an average of $53,000 in expenses, your payback period on this investment is less than 20 years.
Data Provided by Knoxville Area Association of RealtorsMore Information for this listing