80 Mclarty Lane, Crossville, TN 38555

Property Description

Investor opportunity in a prime in-town location! This 3-unit multifamily property offers excellent potential with walkable access to shopping, restaurants, and everyday conveniences. Built in 1962, the building includes two main-level units and one upper-level unit, all currently vacant and ready for renovation or lease-up. Each unit is a 1-bedroom, 1-bath layout, with approximately 427 sq ft in the two downstairs units and 416 sq ft in the upper unit. Interiors in need of updates, giving buyers the chance to modernize and add value. Unit 1 has had some updates to the bath, kitchen, and flooring. Utilities currently combined on 1 meter. Exterior features include a 70' x 190' lot, driveway parking, a large rear deck, and a covered front porch. A metal roof was installed a few years ago, and the structure offers solid bones for improvement. With projected rents around $750 per unit or more with renovations, this property provides strong potential cash flow. Its close proximity to town enhances rental demand, especially for affordable 1-bedroom units. Whether you're an investor seeking value-add potential or a buyer looking to expand a rental portfolio, this multifamily property offers a rare chance to purchase three units for just $235,000 in a highly convenient location. An additional lot is available next door to be purchased with this property for an additional $30,000.