514 Flatt Spur Rd Jamestown, TN 38556
Estimated payment $1,795/month
Highlights
- Main Floor Bedroom
- Formal Dining Room
- Walk-In Closet
- Den
- 1 Car Attached Garage
- Storage
About This Home
Historic Jamestown Gem - 10%+/- Cap Rate Turnkey Duplex Rare investment opportunity in the heart of Historic Jamestown, TN. This single-level duplex is completely remodeled and offers an impressive double-digit return, making it perfect for a portfolio addition or a ''live-in'' setup where the other unit pays your mortgage. Key Features: Immediate Cash Flow: Both units are spacious and currently leased. Total property production is approximately $40,000/year. Bonus Amenities: Includes an attached garage ($200/mo) and a dedicated storage unit ($100/mo) currently generating additional monthly revenue. Recent Upgrades: Features a 2-year-old roof and fresh interior remodels for a maintenance-free transition. Extensive Parking: Expansive paved area with ample room for multiple vehicles or potential for future carport expansion. Prime Location: Ideally situated ''close to everything,'' offering quick access to local shops and Jamestown's historic landmarks. The Opportunity: Fully managed and ready to take over. This property combines the stability of a historic location with the high-yield performance of a modern multi-family asset. One is 3 Bedrooms , 1 Bathroom, the other is 4 bedroom 1 bath , BONUS, Buy the house next-door and have even more rental potential, See 518 Flatt Spur Road.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $619
Year Built
- Built in 1967
Lot Details
- 0.58 Acre Lot
- Lot Dimensions are 155x195x150x139
Parking
- 1 Car Attached Garage
- Off-Street Parking
Home Design
- Duplex
- Brick Exterior Construction
- Brick Frame
- Frame Construction
- Composition Roof
- Vinyl Siding
Interior Spaces
- 2,900 Sq Ft Home
- Wired For Data
- Family Room
- Formal Dining Room
- Den
- Storage
- Laminate Flooring
- Fire and Smoke Detector
Kitchen
- Self-Cleaning Oven
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- Main Floor Bedroom
- Walk-In Closet
- Walk-in Shower
Laundry
- Dryer
- Washer
Accessible Home Design
- Handicap Accessible
Schools
- York Elementary School
- Clarkrange High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Internet Available
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 053P B 004.00
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | -- | $33,400 | $10,000 | $23,400 |
| 2024 | -- | $33,400 | $10,000 | $23,400 |
| 2023 | $779 | $33,400 | $10,000 | $23,400 |
| 2022 | $1,199 | $45,600 | $14,000 | $31,600 |
| 2021 | $1,199 | $45,600 | $14,000 | $31,600 |
| 2020 | $871 | $45,600 | $14,000 | $31,600 |
| 2019 | $1,199 | $45,600 | $14,000 | $31,600 |
| 2018 | $1,199 | $45,600 | $14,000 | $31,600 |
| 2017 | $984 | $36,400 | $14,000 | $22,400 |
| 2016 | $984 | $36,400 | $14,000 | $22,400 |
| 2015 | $984 | $36,408 | $0 | $0 |
| 2014 | $984 | $36,408 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/09/2026 03/09/26 | For Sale | $335,000 | -- | $116 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $50,000 | -- | |
| Warranty Deed | $50,000 | None Listed On Document | |
| Warranty Deed | $30,000 | -- | |
| Warranty Deed | $35,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $215,000 | New Conventional | |
| Closed | $215,000 | New Conventional |
Source: East Tennessee REALTORS® MLS
MLS Number: 1331916
APN: 053P-B-004.00
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Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.
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Ask me questions while you tour the home.