Online Auction
14 Unit Apartment Complex
204 Ridenour Ln., Jacksboro, TN 37757
Begins to End Tues., September 1 @ 6PM
Auction Begins Tues., August 18 @ 10AM
This two story building was constructed in 1998, and has been updated several times since then. All 14 units are 1 bedroom, with approx. 652 sq. ft. each. Each unit has its own washer/dryer hook-up, and all are metered individually, with utility water, sewer, and electric. The building has vinyl siding, a dimensional shingle roof that is approx. 8 years old, and CH&A for each unit. The parking area is concrete in the front, with overflow gravel in the rear. This apartment building is located 1/4 mile from the 4-lane, with easy access to local restaurants and shopping. Rental demand for these type units have been steadily growing, and this complex is running at 100% occupancy. This is sure to be a solid, income producing investment for many years to come.
2025 Property Taxes: $5,447 Tax Map: 103F Group: C Parcel: 044.00
Warranty Deed Book: 542 Page: 253
LOCATION: LaFollette, turn on Ridenour Lane beside of People’s Bank of the South (Jacksboro branch). Travel 1/4 mile and property is on the right.
TERMS: 10% down within 24 hours of auction completion, balance upon closing within 40 days. 10% Buyer’s Premium.
Auctioneer: Paul Provins TN LIC#: 4528
10% down within 24 hours of auction completion, balance upon closing within 40 days. 10% Buyer’s Premium.
Overview
Under Contract: No