Red Bank TN Multi Family for Sale
- Type:
- Duplex
- Sq.Ft.:
- 1,682
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.47 Acres
- Year built:
- 1960
- Baths:
- MLS#:
- 1502703
- Subdivision:
- Jean Faux Sweetlands
ADDITIONAL INFORMATION
Great investment opportunity. Property has 2 dwellings. 1 single family and 1 duplex. All units have long term tenants (approx 10+ years) and are rented below market. Fair market rents for all are approx $5000 monthly. Currently getting $2300. No showings until contract negotiated. House is 4 bed 1.5 baths with garage. Duplex units are 2 bed 1 bath with garages.
Red Bank Real Estate
The median home value in Red Bank, TN is $258,900. This is lower than the county median home value of $285,200. The national median home value is $338,100. The average price of homes sold in Red Bank, TN is $258,900. Approximately 50.02% of Red Bank homes are owned, compared to 40.77% rented, while 9.21% are vacant. Red Bank real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Red Bank real estate agent to arrange a tour today!
Red Bank, Tennessee has a population of 11,855. Red Bank is less family-centric than the surrounding county with 19.25% of the households containing married families with children. The county average for households married with children is 27.75%.
The median household income in Red Bank, Tennessee is $48,158. The median household income for the surrounding county is $61,050 compared to the national median of $69,021. The median age of people living in Red Bank is 38 years.
Red Bank Weather
The average high temperature in July is 88.8 degrees, with an average low temperature in January of 28.6 degrees. The average rainfall is approximately 51.2 inches per year, with 1.5 inches of snow per year.