TN
Fentress
Jamestown
38556
340 Briar Ave
340 Briar Ave, Jamestown, TN 38556
Share Listing
Listing Type
Condo/Townhome
Listing Status
Active
49
$3,500,000

Home Details for 340 Briar Ave

Price
$3,500,000
Type
Residential Income
Square feet
25980
Year built
1993
County
Fentress
Basement
Crawl Space
MLS Listing#
242556
Property 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 Features
  • Cooling Information
    • Central Air
  • Heating Information
    • Electric
  • Water Features
    • Public
  • Basement
    • Crawl Space
Listing Courtesy: True North Real Estate Services, LLC - 931-837-7355
Presented by: Landon Dickerson
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Upper Cumberland Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than {{BROKERAGE}}, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright ©2026 Upper Cumberland Association of REALTORS®. All Rights Reserved.
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Market statistics compiled from data from Upper Cumberland Association of Realtors.
EXIT CROSS ROADS REALTY
480 Neal St. Suite 103, Cookeville, TN 38501
Catherine Cates
Franchisee
Office
931 520 7733
Agent
931 510 6234
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