499 N Hawkins St

Description

This 18-unit apartment complex is situated in a peaceful location in Rogersville, TN and boasts below-market rents estimated to be 20-30% lower than the average. The complex comprises two buildings: Building 1 is a 10-unit motel-style building with a 5 over 5 configuration, and Building 2 is an 8-unit building with a 4 over 4 in a quad layout. Recent upgrades include a new dumpster, two new water heaters, new floors and paint in 6-8 units, and new AC units in 3 units. Additionally, the on-site laundry room has the potential to generate an additional revenue stream of around $150/mo when well-maintained. Conveniently located near several restaurants, shopping centers, and other amenities, the complex is an excellent investment opportunity with tremendous potential for generating steady rental income. Building 1 includes two units with a 2 bedroom conversion, providing ample living space for residents. The parking lot was repaved in 2018, providing convenience and ease of access for residents and guests. Overall, this apartment complex offers a promising investment opportunity in a great location with a strong potential for stable rental income.