Multi-Family Rentals & Storage - Norris Lake, TN

6362 Maynardville Hwy Maynardville, TN 37807

6362 Maynardville Hwy, Maynardville, TN, 37807
6362 Maynardville Hwy, Maynardville, TN, 37807 6362 Maynardville Hwy, Maynardville, TN, 37807 6362 Maynardville Hwy, Maynardville, TN, 37807 6362 Maynardville Hwy, Maynardville, TN, 37807 6362 Maynardville Hwy, Maynardville, TN, 37807 6362 Maynardville Hwy, Maynardville, TN, 37807 6362 Maynardville Hwy, Maynardville, TN, 37807
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,100,000
Last Verified:
May 06, 2024


Description

4 lots for a total 2.07+/- acres with a 5 unit apartment complex, 2 houses and 3 trailer rental properties. A coin operated laundry facility and 5 self-storage units enhancing convenience for tenants and providing additional income. This investment promises stable rental returns. $100K+ potential NOI.

Norris Lake, TN


Year Built: 1974
Building Size: 3756sq ft
Lot Size: 2.07 acres

Map of 6362 Maynardville Hwy, Maynardville, TN, 37807

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.