UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 19,602 sqft
Price per Sqft $59
MLS Listing ID 710345
Bedrooms 4
Full Baths 4
Year Built 1979
Annual Tax Amount $3,477
Lot Size 0.450 Acres
Acres 0.45
Lot Dimensions 0.45
Property Sub-Type Multi Family
Source Lakeway Area Association of REALTORS®
Property Description
Each of the twelve units is a 1 bedroom, 1 bathroom layout and the property is 100% occupied. Two units have already been renovated, offering immediate upside and a clear value-add path for a new owner looking to continue strategic improvements over time.
The current owner covers property taxes, insurance, pest control, and landscaping, helping maintain the asset and curb appeal, while tenants are responsible for all utilities, keeping operating expenses more efficient.
With steady in-place cash flow and room to enhance returns through additional renovations and future rent growth, this is a strong opportunity for investors seeking a well-performing multifamily asset in a convenient location.
Location
State TN
County Hamblen
Direction Heading E on Andrew Johnson Hwy, take a left onto Walters Dr. Follow it all the way to the end, take a right and then take the 4th street on the right which is W Converse St. The apartments will be on your left.
Interior
Heating Baseboard
Cooling Window Unit(s)
Window Features Aluminum Frames,Vinyl Frames
Exterior
Exterior Feature Rain Gutters
Utilities Available Electricity Connected, Water Connected
Roof Type Asphalt,Shingle
Accessibility Accessible Doors, Accessible Entrance, Accessible Kitchen, Central Living Area, Common Area, Visitable
Building
Lot Description City Lot
Foundation Slab
Water Public
Structure Type Brick
Others
Senior Community No
Tax ID 033D E 00300 000
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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