Address: |
view address Maynardville, TN 37807 Map Location |
Features: | Air Conditioning, Balcony |
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Square Feet: | 15,000 sq.ft. | Lot Size: | 241x273 |
Year Built: | 1989 | Property Type: | Multi Family |
County: | Union County - 25 | List Date: | 2023-11-07 |
Listing Number: | 1245217 | Listed By: | Sexton Real Estate Services, Inc. |
INCOME PRODUCING/INVESTMENT OPPORTUNITY... 22 Unites Total, with twenty-one being 2-bedroom/1 Bath and one being 1-bedroom/1-bath. The latest 2/1 was rented at $1,200 per month. Owner has recently renovated 15 out of the 22 units. All renovated units have been released at higher monthly rates, increasing overall cashflow and value of the investment under new ownership. Current rental income per year is $230,000.00, with potential increases projected to be more than $270,000.00, as evidence from the new renovation leases and overall property improvements. Currently, all units are rented except for one undergoing renovation. All Units are comprised within two separate buildings. Renovations made to date include the following updates: new light fixtures, new countertops and backsplashes, repainting interiors, new flooring, black metal accents, and changing the exterior color scheme by fully repainting & repairing the siding where necessary. Unit Expenses - Tenants cover their own electricity costs. Water, pest control and trash expenses, are passed through form Owner to each Tenant at a prorated share. Conveniently located with easy access to Maynardville Hwy, this property is just 20 min to Fountain City and centrally situated in Maynardville, providing easy access to schools, stores, and local dining options.
Air Conditioning: | Yes | Carpet: | Yes |
Central Air: | Yes | Central Heat: | Yes |
Electric Heat: | Yes | Laminate Flooring: | Yes |
Refrigerator: | Yes | Tile Flooring: | Yes |
Balcony: | Yes | Frame Exterior: | Yes |
Elementary School: | Maynardville | High School: | Union County |
Lot Dimension: | 241x273 | Middle School: | Maynardville |
Taxes: | 0.00 | Transaction Type: | Sale |
Year Built: | 1989 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.