5640 Highway 41, Unit 114

Jasper, TN 37347

$1,459,900
Price
—
Beds
7,644 Sq. Ft.
$191 / Sq. Ft.
7,644
Sq. Ft.
$191
per Sq. Ft.

Description

7.0% Cap. Originally built as a hotel, this 14 Unit Apartment Rental, has been expertly refurbished. Tons of charm and only 17 miles or 27 minutes to Chattanooga. Excellent for Chattanooga, Monteagle, Sequatchie Valley workforce needs. Great for the outdoor enthusiast, who would work in Chattanooga during the week and would want to enjoy the outdoors on the weekend. Walking distance to the Sequatchie River's canoeing and Kayaking. Only minutes to Nickajack Lake and it's award-winning Bass fishing...7.0% Cap. Originally built as a hotel, this 14 Unit Apartment Rental, has been expertly refurbished. Tons of charm and only 17 miles or 27 minutes to Chattanooga. Excellent for Chattanooga, Monteagle, Sequatchie Valley workforce needs. Great for the outdoor enthusiast, who would work in Chattanooga during the week and would want to enjoy the outdoors on the weekend. Walking distance to the Sequatchie River's canoeing and Kayaking. Only minutes to Nickajack Lake and it's award-winning Bass fishing and water sports. Bring your ski-boat and make a day of it on the lake! Nearby Monteagle gives you tons of Hiking Opportunities, such as the Fiery Gizzard Trail. This 14 Unit Rental is perfectly located to fulfill part of the growing need for workforce housing in a very tight housing market in the area. Owner will consider Owner Financing
  1. Listed by Roy Arick • Keller Williams Realty

Property Details for 5640 Highway 41, Unit 114

Waterfront
No
LISTING UPDATED: 10/18/2024 09:07 AM

Property Details for 5640 Highway 41, Unit 114

StatusActive
MLS #1394370
Days on Market152
Taxes$2,080 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeMultiFamily / Apartment
Year Built1982
CountyMarion County

Building Information for 5640 Highway 41, Unit 114

Building/Complex5640 Highway 41Floor-Stories1Residences14Pet Policy-Year Built1982Building Size-

Property Information for 5640 Highway 41, Unit 114

Summary
Location and General Information
  • City: Jasper
  • County Or Parish: Marion
  • Directions: From Downtown Chattanooga take I-24 West for app. 20 miles; cross Nickajack Lake and take next exit US 41 ; Continue West on US-41 and the property is on the left just after you cross the Sequatchie River ; 5640 Hwy 41
  • Latitude: 35.062797
  • Longitude: -85.608341
  • Postal Code: 37347
  • State Or Province: TN
  • Subdivision Name: None
Taxes and HOA
  • Tax Legal Description: Book 516 Page 919 Parcel # 120 013.05 5640 Highway 41 Jasper, TN
  • Parcel Number: 120 013.05
  • Association Fee: $0
  • Association: No
  • Tax Annual Amount: $2,080
School Information
  • Middle Or Junior School: Marion County Middle
  • High School: Marion County High
  • Elementary School: Marion County Elementary
Parking
  • Garage: Yes
  • Attached Garage: No
Property
Lot Information
  • Lot Features: Split Possible
  • Lot Size Dimensions: 382x231x422
  • Lot Size Acres: 1.0
  • Lot Size Square Feet: 43560.0
  • Building Area Total: 7644.0
  • Lot Size Units: Acres
  • Living Area: 7644.0
Property and Assessments
  • Property Type Label: Residential Income
  • New Construction: No
  • Home Warranty: No
  • Floor Plans Count: 0
  • Year Built: 1982
  • Property Type: Residential Income
  • Property Sub Type: Apartment
Utilities
  • Utilities: Sewer Connected
Interior and Exterior Features
Exterior Features
  • Senior Community: No
  • Construction Materials: Other
  • Parking Features: Kitchen Level, Off Street
  • Exterior Features: Private Yard
  • Roof: Shingle
  • Roofing : Shingle: Yes
Interior Features
  • Fireplace: No
  • Electric: Yes
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Cooling: Yes
  • Heating: Yes
  • Foundation Details: Slab
  • Cooling: Electric
  • Heating: Electric
  • Levels: One
  • Interior Features: Eat-in Kitchen, Open Floorplan
  • Flooring: Luxury Vinyl, Plank
  • Stories: 1
Multi Family
Multi-Family Information
  • Number Of Units Total: 14
Unit 1
  • Unit 1 Features : Microwave: Yes
  • Unit 1 Features : Refrigerator: Yes
Unit 4
  • Unit 4 : Bedrooms: 1
  • Unit 4 Features : Kitchen: Yes
  • Unit 4 Features : Eat-in Kitchen: Yes
Rental
Rental Information
  • Tenant Pays: Electricity, Sewer

Property History for 5640 Highway 41, Unit 114

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 5640 Highway 41, Unit 114

This home is within Marion County School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - PK to 4
Public - PK to 6
Public - PK to 8
Rating
School
Distance
Whitwell Elementary School
PublicPK to 4

Jasper Elementary School
PublicPK to 4

South Pittsburg Elementary School
PublicPK to 6

Monteagle Elementary School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5640 Highway 41, Unit 114 is a condo for sale in Jasper, TN 37347. This property was listed for sale on June 22, 2024 by Keller Williams Realty, it's currently listed at $1,459,900. This listing's school district is Marion County School District. Nearby schools include Whitwell Elementary School, Jasper Elementary School and South Pittsburg Elementary School. 5640 Highway 41, Unit 114 is a 0-bed, 0-bath, 7,644 sqft condo built in 1982.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty, Roy Arick (423.280.1001)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 MTRMLS, Inc. All Rights Reserved. Last updated: 10/18/2024 09:07 AM