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Posted on March 20, 2018 - 10:34 AM
by Amy Shrader
8160 Rutledge Pike
Great Investment Opportunity! This 7 unit apartment complex was the old "Rutledge Inn" in previous years. Located on Rutledge Pike/Highway 11W this building is in the heart of Rutledge and convenient to everything. $2700 per month gross rental income. Building has an additional 2858 sq ft in the basement that could be converted into additional units or office space. Mix of 1 and 2 bedroom units. Apartments have public water and pubilc sewer. Tenants pay for their own water and electric. Approximately $24,000 net income per year. Needs some TLC.