UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,793 sqft
Price per Sqft $652
MLS Listing ID 1355281
Style Traditional
Bedrooms 3
Full Baths 1
Year Built 1919
Lot Size 0.300 Acres
Acres 0.3
Lot Dimensions 70 X190
Property Sub-Type Single Family Residence
Source East Tennessee REALTORS® MLS
Property Description
This professionally managed portfolio offers multiple income-producing properties and strong potential for investors looking to expand or establish a presence in a growing market.
Current property management may be available to continue for a seamless transition.
The portfolio has been appraised.
Seller financing may be considered only with the purchase of the entire portfolio.
Properties may also be purchased individually.
Please do not disturb tenants.
Portfolio includes:
525 Sewanee Street: 2 bedrooms, 1 bathroom, $175,000, currently rented for $950 per month.
407 West Wheeler Avenue: 3 bedrooms, 1 bathroom, $200,000, currently rented for $1,250 per month.
521 North Chamberlain Avenue: 2 bedrooms, 1 bathroom, $170,000, currently rented for $950 per month.
265 Morning Drive: 3 bedrooms, 1 bathroom, $165,000, currently rented for $820 per month.
210 Barnett Circle: 2 bedrooms, 1 bathroom, $120,000, currently rented for $900 per month.
619 South Patton Avenue: 3 bedrooms, 1 bathroom, $150,000, currently rented for $1,200 per month.
501 West Rockwood Street: 3 bedrooms, 1 bathroom, $190,000, currently rented for $900 per month.
Total portfolio price is $1,170,000.
Current gross monthly rental income is $6,970.
Current gross annual rental income is $83,640.
Buyer and buyer's agent to independently verify all information, including square footage, rental income, occupancy, property details, and intended use.
Location
State TN
County Roane County - 31
Area 0.3
Rooms
Basement Slab
Interior
Heating Central, Electric
Cooling Central Cooling
Fireplaces Number 2
Fireplaces Type Other
Fireplace Yes
Appliance Range, Refrigerator
Heat Source Central, Electric
Exterior
Exterior Feature Porch - Covered
Parking Features On-Street Parking
Garage Description On-Street Parking
Garage No
Building
Lot Description Level
Faces From I-40 take Exit 329 Crab Orchard, then turn left on Bat Town Road, then stay straight to go onto Market Street, then first right onto Hwy 70, then in approx 12 miles Turn left onto S Gateway Ave, Then 2.02 miles Turn left onto E Wheeler St., home is on left.
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Frame
Others
Restrictions No
Tax ID 054E A 022.00
Security Features Smoke Detector
Energy Description Electric
Acceptable Financing New Loan, Cash, Conventional
Listing Terms New Loan, Cash, Conventional
NEARBY SCHOOL & BUSINESS
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