Rental Investment with Good Return

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30180522
Property Subtypes: Mixed Use, Other
Status: Pending
Number of Units: 3 Units
Building Size (RSF): 4,000 SF
Gross Building Area: See Agent
Sale Price: $134,900
Unit Price: $44,966.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/20/2018

Overview / Comments

Looking for rental investment with good return, then this is it. 3 houses, workshop garage and storage all for one price. All houses are currently rented for $550.00 each. All houses are 2 brs, 1-2 bas. Serious qualified buyers only please. If you’re going to do a drive by to see where located please respect the tenants that are living there. Call for more information.


Finance Data Year 2017
Real Estate Taxes - Annual($) $650 (Annual)
Potential Rental Income $1,650 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Morristown
County: Jefferson
Taxing Authority: Jefferson County
Tax ID/APN: 014M I 006.00
Percent Occupied: 100%
Property Located Between: Carson Newman University and Cherokee Lake
Highway Access: Hwy 11E
Total Number of Buildings: 5
Property Condition: Good
Number of Stories: 1
Year Built: 1938
Roof Type: Hip
Construction/Siding: Vinyl Siding, Wood Siding
Parking Description: On site
Laundry: In Each Unit
Heat Type: Electricity, Other
Heat Source: Heat Pump, Other
Fuel: Electric
Air Conditioning: Window Unit, Other
Internet Access: Cable, DSL, Satellite, Dialup, Other
Zoning Description: residential
Lot Frontage: 135
Lot Depth: 233
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: fee simple
Legal Description: Tax Map 014M Group I Parcel 006.00

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,108 13,491 24,333
Median Age: 24.91 35.99 38.92
Households: 1,321 5,053 9,273


Photograph of Listing Agent

Burlin Allen

Re/Max Between the Lakes
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