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.

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

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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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