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1120 Main AVE Erwin, TN 37650
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Key Details
Sold Price $362,500
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision E D Co
MLS Listing ID 9948568
Sold Date 03/07/23
Originating Board Tennessee/Virginia Regional MLS
Year Built 1946
Lot Size 0.700 Acres
Acres 0.7
Lot Dimensions 311 x 117 x 372 x 100
Property Description
Great investment opportunity - All zoned commercial. 3 buildings,
home featuring 2 units (side by side), a 2/1 for $550 and a 1/1 for $500 a month.
Block building featuring 2 units (one up, one down), each 2/1 and each $325 a month. Four plex 3 are $400 a month and 1 at $325 a month. Each is a 2/1. . Owner in the process of adding individual water lines. Potential to split off home from remainder of property. Home is in above average condition.
Owner will clean up property with acceptable offer. Refrigerators and stoves convey with each unit.
Current rent is approximately $3,500 a month and well below market value rates. All units are rented.
All information deemed reliable. Buyer / buyer's agent to confirm all information.
48 hour notice required to tour buildings.
Location
State TN
County Unicoi
Community E D Co
Area 0.7
Zoning COM
Direction Head northeast on S Main Ave toward Gay St Destination will be on the right
Interior
Heating Other, None, Heat Pump, Baseboard
Cooling Window Unit(s), None
Heat Source Other, None, Heat Pump, Baseboard
Building
Lot Description Cleared
Entry Level One
Water Public
Structure Type Block,Brick,Other
New Construction No
Schools
Elementary Schools Rock Creek
Middle Schools Unicoi Co
High Schools Unicoi Co
Others
Senior Community No
Tax ID 023e B 003.00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Alex Cooley • KW Johnson City
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