Apartment building

Multi-Family for Sale
Catylist Listing ID: 30826575
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Number of Units: 4 Units
Building Size (RSF): 3,808 SF
Gross Building Area: See Agent
Sale Price: $649,000
Unit Price: $162,250 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 1/6/2023

Overview / Comments

Great investment property sitting on over two acres. Great area..All Brick. Very well maintained. One owner. Conveniently located just a half mile off of Hwy 39 Englewood. Close to Athens where several businesses and Manufacturing plants are located. Rental properties are in high demand. Property has four units consisting of two-three bedroom and one bath and two-two bedroom one bath. Both have easy access. Very spacious and super clean. New roof. Very well insulated. For extra protection the builder had a fire wall put in between the walls. Units are on Well water but city water is available at the road. Property has two septics with a 1000 gallon tank and a 750 gallon tank with an extra 1000 feet of field line. Large concrete parking area for guest. Potential for more Gross Annual income. These units are in great condition. If you were ever considering buying Rental Property, these Units are your chance to come in with everything in great condition. I am amazed at how clean and the condition they are in. You could also live in one and rent out the other three and let them pay your payment. Do not miss out. Call today!!

Additional Details

Nearest MSA: Athens
County: McMinn
Tax ID/APN: 054067 04000
Property Located Between: Athens and Englewood
Highway Access: hwy 39 and hwy 30
Airports: McGee Tyson or Chatt
Site Description: level
Area Description: great neighborhood
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Year Built: 1996
Year Renovated: 2006
Construction/Siding: Brick
Exterior Description: brick great shape
Parking Ratio: 20 (per 1000 SF)
Parking Type: Other
Parking Description: concrete drive..lots of parking room
Laundry: In Each Unit
Sprinklers: None
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: unbelievably clean..
Zoning Description: commercial
Lot Frontage: 420 ft
Lot Depth: 440 ft
Water Service: Well
Sewer Type: Septic
Legal Description: 067 040.00

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,660 8,073 24,748
Median Age: 42.95 38.34 41.18
Households: 982 3,132 10,010

Contact

Photograph of Listing Agent

Loretta Edgemon

East Tennesse Propertes, LLC
KAAR CIE Member
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