$1,150,000
$1,150,000
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14,688 SqFt
SOLD DATE : 02/01/2023
Key Details
Sold Price $1,150,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 14,688 sqft
Price per Sqft $78
Subdivision Not In Subdivision
MLS Listing ID 9931274
Sold Date 02/01/23
Style Craftsman,Townhouse
Originating Board Tennessee/Virginia Regional MLS
Year Built 1974
Lot Size 4.600 Acres
Acres 4.6
Lot Dimensions 4.60
Property Description
Excellent Investment Opportunity!! 24- Unit, high occupancy apartment complex in a prime location within 5 minute drive from Exit 435 / I 40. This apartment complex has 6 buildings, each offering 3,672 Sq. Ft., situated on 4.60 acres. Topography offers space for additional complexes or structures for additional income. Each building contains 4 units all of which are 2-bedroom units. Almost all units have received upgrades with new flooring, bathroom updates, updates to kitchens and appliances, new windows and roof. New Manager office with handicap laundry room along with separate oversized laundry facility. Paved Parking. Separate Maintenance Storage. Currently, the apartment complex has 100% occupancy rate. Don't miss out on this fantastic opportunity to own a high cash-flow, high occupancy apartment complex in this fast-growing community. 24 Hour notice for all showings. Financial and Cash Flow Statements available for qualified buyers. All information deemed reliable but not guaranteed. Buyer/Buyers Agent to verify all information.
Location
State TN
County Cocke
Community Not In Subdivision
Area 4.6
Zoning Commercial
Direction From I 40 exit 435, left on TN -32, Right onto Templin Street, Left onto Woodlawn Avenue, Right onto Freeman Avenue, Right onto Bicentennial Way.
Interior
Interior Features Kitchen/Dining Combo, Laminate Counters, Open Floorplan, Pantry, Remodeled, Smoke Detector(s), Walk-In Closet(s)
Heating Heat Pump, Electric, Central, Electric
Cooling Central Air, Heat Pump
Flooring Vinyl, Carpet, Laminate
Fireplace No
Window Features Double Pane Windows,Insulated Windows
Appliance Electric Range, Refrigerator
Heat Source Heat Pump, Electric, Central
Exterior
Exterior Feature Playground, Sidewalk
Garage Asphalt, Parking Pad, Parking Spaces
Roof Type Composition,Shingle
Porch Front Porch, Rear Patio, Rear Porch
Parking Type Asphalt, Parking Pad, Parking Spaces
Building
Lot Description Rolling Slope, Part Wooded, Level, Cleared
Entry Level Two
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Craftsman, Townhouse
Structure Type Block,Brick,Vinyl Siding
New Construction No
Schools
Elementary Schools Newport Grammar
Middle Schools Newport Grammar
High Schools Cocke Co
Others
Senior Community No
Tax ID 056g D 023.01 000
Acceptable Financing Cash, Conventional, USDA Loan
Listing Terms Cash, Conventional, USDA Loan
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Bought with Darbi Neas • Envision Realty Group