212 Broad St Jellico, TN 37762

Listing details for 212 Broad St, Jellico, TN 37762 : MAJOR PRICE REDUCTION - ESTATE SAYS SELL - WELL KEPT ALL BRICK FIVE UNIT IN JELLICO - JUST OFF I-75 - 44% RENTAL UPSIDE! Rare opportunity to purchase a well cared for property on a corner lot with longterm residents that are month to month. Current rents for occupied units are 44% under market!These units are all one level, offer great amenities including washer/dryer connections, nice kitchens, and a beautiful private backyard & deck for all to enjoy. With parking at their doors and walking distance to downtown, these units offer the amenities that attract good residents. Current rent roll is $27,300 per year. Projected rent roll at $650 per unit gives a proforma cap rate of 9.8 making the asking price a bargain on a cost/foot and cost/unit basis.