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5640 Us 41 Highway

Jasper, TN 37347

– beds
– baths
7,644 sqft
$190 per sqft
1982 build
– on site

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

Listing courtesy of REALTRACS / Greater Downtown Realty dba Keller Williams Realty

Last checked: Checking… • Last updated Oct 18, 2024 •

MLS# 2709693 —

The Building

Year Built:

1982
Year Built Details:

EXIST
New Construction:

false
Construction Materials:

Other
Roof:

Other
Stories:

1
Levels:

Three Or More
Structure Type:

Multi Family
# of Units Total:

14
Building Area Units:

Square Feet
Building Area Total:

7644
Above Grade Finished Area Units:

Square Feet
Below Grade Finished Area Units:

Square Feet

Interior

Flooring:

Other
Fireplace:

false

Room Dimensions

Living Area:

7644
Living Area Units:

Square Feet

Location

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:

35.06663123
Longitude:

-85.60812613

The Property

Parcel Number:

120 01305 000
Property Type:

Residential Income
Lot Size Dimensions:

382x231x422
Lot Size Units:

Acres
View:

false
Property Attached:

true

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

2080

The Listing

Map Coordinate:

35.0666312300000000 -85.6081261300000000

Heating & Cooling

Heating:

Electric
Heating:

true
Cooling:

Electric
Cooling:

true

Utilities

Utilities:

Electricity Available

Schools

High School:

Marion Co High School

The Community

Subdivision Name:

None
Waterfront:

false
Pool Private:

false
Association:

false

Parking

Parking Features:

Detached
Garage:

false
Attached Garage:

false
Carport:

false

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
10/18/24 Oct 18, 2024	Price Changed	REALTRACS	$1,459,900	-5.2%
9/29/24 Sep 29, 2024	Listed / Active	REALTRACS	$1,540,000

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This multifamily located in Jasper, TN 37347 is currently for sale for $1,459,900. 5640 Us 41 Highway is a 7,644 square foot multifamily with – beds and – baths that has been on Estately for 56 days. This multifamily is in the attendance area of Marion Academy, Whitwell Middle School, Whitwell Elementary School, Whitwell High School, Monteagle Elementary School, Marion County High School, Jasper Elementary School, and Jasper Middle School.

Listing Courtesy of: REALTRACS and Greater Downtown Realty dba Keller Williams Realty.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than Estately are marked with the REALTRACS IDX Logo. REALTRACS and Estately deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and Estately assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.