514 FLATT SPUR Rd, Jamestown, TN 38556

New
$335,000
Property Type: Multi-Family Lot Size (sq. ft.): 25,050 Status: Active
Current Price: $335,000 List Date: 3/09/2026 Last Modified: 3/12/2026

Description

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.

More Information MLS# 1331916

Location, Tax & Legal Info

Area: Fentress County - 43 City/County Code: City Limits Elementary School: York Total Tax: 618.57 High School: Clarkrange

Contract Info

Auction Y/N: No Listing Price: 335000 Current Price: $335,000 Status: Active Listing Date: 2026-03-09

General Property Description

Lot Dimensions: 155X195X150X139 Lot Size SqFt: 25050 # Units Leased: 2 Utilities/Mo Avg: 300 Property Status: N/A Driveway: Huge Shared Space Number of Units: 2 Year Built: 1967

Remarks & Misc

Directions: HOUSE NEXT DOOR @518 Flatt Spur AVAILABLE FOR SALE AS WELL )From Crossville, Take Highway 127 North towards Jamestown,, To Left on Central Ave (west) (Highway 52), to Left on Flat Spur Road to Property on Right. Public Remarks: 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.

Income/Expenses

Gross Annual Income: 44400

Property Sub-Type

Duplex: 1

Construction

Frame: 1 Frame - Brick: 1

Type of Units

3 or more Bdrm Units: 1 Handicap: 1 Unfurnished: 1

Siding

Brick: 1 Vinyl: 1

Sale Includes

No Furnishings: 1

Miscellaneous

Storage Space: 1

Cooling

Central Cooling: 1

Floors

Laminate: 1

Garage/Parking

Garage Spaces: 1 Attached: 1 Individual Garages: 1 Off-Street Parking: 1 On Premise Parking: 1

Tenant Expenses

Other: 1

Owner Expenses

Common Area Maintenance: 1 Electricity: 1 Exterior Maintenance: 1 Gas: 1 Insurance: 1 Roof Maintenance: 1 Sewer: 1 Taxes: 1 Trash Collection: 1 Water: 1

Fuel

Electric: 1 Gas (Natural): 1

Heat

Central: 1 Forced Air: 1

Appliances

Dishwasher: 1 Dryer: 1 Microwave: 1 Range: 1 Refrigerator: 1 Self Cleaning Oven: 1 Smoke Detector: 1 Washer: 1

Other Rooms

Bedroom Main Level: 1 Den/Study: 1 Family Room: 1 Mstr Bdrm Main Level: 1 Separate Dining Room: 1

Roof

Composition: 1

Misc Features

Internet Available: 1 Walk-in Shower: 1 Walk-In Closet(s): 1 Washer/Dryer Connect: 1 Wired for Internet: 1

New Financing

Cash: 1 Conventional: 1 FHA: 1 New Loan: 1 USDA Loan: 1 VA Loan: 1

Location Tax Legal Info

House #: 514 Street Name: FLATT SPUR St Suffix: Rd State/Province: TN Zip Code: 38556 PIN #: 053P B 004.00 Geo Lat: 36.431377 Geo Lon: -84.945266

Status Change Info

Status Change Date: 2026-03-09

Property Features

Property Sub-Type: Duplex Type of Units: 3 or more Bdrm Units; Handicap; Unfurnished Sale Includes: No Furnishings Floors: Laminate Tenant Expenses: Other Owner Expenses: Common Area Maintenance; Electricity; Exterior Maintenance; Gas; Insurance; Roof Maintenance; Sewer; Taxes; Trash Collection; Water Fuel: Electric; Gas (Natural) Heat: Central; Forced Air Cooling: Central Cooling Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Self Cleaning Oven; Smoke Detector; Washer Construction: Frame; Frame - Brick Roof: Composition Siding: Brick; Vinyl Misc Features: Internet Available; Walk-in Shower; Walk-In Closet(s); Washer/Dryer Connect; Wired for Internet Other Rooms: Bedroom Main Level; Den/Study; Family Room; Mstr Bdrm Main Level; Separate Dining Room Miscellaneous: Storage Space New Financing: Cash; Conventional; FHA; New Loan; USDA Loan; VA Loan
Listing Office: ReMax Preferred Properties, In
IDX
Office Phone: 865-694-8100
Last Updated: March - 12 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.