4 rentals on one Property
Multi-Family
for Sale
| Catylist Listing ID: |
30810344 |
| Property Subtypes: |
Mixed Use
|
| Number of Units: |
4 Units |
| Building Size (RSF): |
2,821 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.85 Acres
|
| Sale Price: |
$650,000 |
| Unit Price: |
$162,500 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
8/15/2022 |
Overview / Comments
Historic Home in the heart of Monterey. 4 bedrooms , and 3 baths, 2821 sq. ft. Many elegant entertaining areas, hardwood floors throughout, 6 fireplaces, original crown molding, trim, panel doors, and 10 ft. ceilings. Updated kitchen with granite counter tops, gas stove and large island, Beautiful breakfast/sunroom room just off the kitchen. Large outdoor porches, 3-car detached garage. This would be an Amazing place to call home or turn into a Bed and Breakfast. Additional rentals on property including a studio Apt., a 3 Bedroom/1.5 Bath Garage Apt. and a 2 Bedroom /1Bath Rental House, all on just under an acre. Walking distance to bank and shopping and minutes to I-40. Buyer to verify all information before making an informed offer.
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Additional Details
| Nearest MSA: |
Cookeville |
| County: |
Putnam |
| Tax ID/APN: |
071071B G 00200 |
| Property Located Between: |
W Railroad Ave and W Stewart Ave on S Holly Street |
| Highway Access: |
Only minutes to I-40 |
| Airports: |
Nashville and Knoxville |
| Site Description: |
.85 acre of land in the heart of Monterey. 4 separate Units available to rent out.
Main House (2821 sq. ft.), Studio Apt. , Smaller Rental House (864 sq. ft.) and Above Garage Apt., (1300 sq. ft.) |
| Area Description: |
Monterey is a town in Putnam County, TN. Located between Cookeville and Crossville. Population 2,850 |
| Total Number of Buildings: |
4 |
| Property Condition: |
Good |
| Number of Stories: |
2 |
| Year Built: |
1904 |
| Construction/Siding: |
Vinyl Siding |
| Exterior Description: |
All units have vinyl siding. |
| Heat Type: |
Electricity, Natural Gas |
| Heat Source: |
Central |
| Fuel: |
Gas, Electric |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
1,968 |
5,489 |
| Median Age: |
40.58 |
39.86 |
| Households: |
748 |
2,070 |
|
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