Investment opportunity! All units currently rented. Two upstairs units (3 bedrooms) $575 each, two downstairs units (1 bedroom) $475 each. (One tenant pays an additional $50/month for use of the storage shed). New refrigerator and range/oven in all 4 units. Washer/dryer connections for each unit in utility room. Due to the activity we are seeing on this property, and out of respect for our tenants, we are not able to allow showings of the individual units. Seeing the inside of the building may be listed as a contingency in a contract for purchase. We are happy to provide any information we can to answer questions for potential buyers prior to making an offer.
Multi-familyProperty Type
1943Year Built
$44Price/Sq.Ft.
Listed by Wendie Aurin• Realty Executives Associates
•865-482-3232 (broker)
Bought with Non Member Non Member• Non-Member Office
Exceptional opportunity for that savvy investor that knows a super buy...less that $25.00 sq.ft...way below market value and an appraisal of $102,400! This four-plex was easily bringing in $1600.00 month in rent and that was before renovations began! Or, convert to two townhouses and increase the value of each unit. Better yet, live on one side and rent out the other to make your mortgage payment. Possibilities are endless. Just a few finishing touches needed. Recent metal roof, newer windows, some original hardwood plus new bamboo and carpet. Each unit presently has separate electric meters but on one water meter. Homes on either side undergoing revitalization. Jump in early and watch you investment grow...better hurry on this one...
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Year built
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Style
Multi-Family (2-4 Unit)
County
Anderson County
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Last updated by owner on Sep 22, 2018.
Property details
Parking
Garage Information
Parking Features: On Premise Parking, Off-Street Parking
Interior
Interior Features
Appliances: Refrigerator
Flooring: Hardwood, Carpet, Vinyl
Multi-Family Information
# Of Units Total: 4
Gross Income: $25,200
Owner Pays: Advertising
Unit Type 1 Information
Beds Total: 3
Unit Type 2 Information
Beds Total: 1
Unit Type 3 Information
Beds Total: 1
Unit Type 4 Information
Beds Total: 3
Exterior
Exterior Features
Construction Materials: Frame
Property Information
Living Area Source: Tax Records
Building Area Total: 3,256
Lot Information
Lot Size Dimensions: 92 x 105 x 101
Financial
Tax Information
City Taxes: $1,032.19
County Taxes: $1,062.71
Total Tax: $2,094.90
Utilities
Heating & Cooling
Heating YN: Yes
Heating: Central, Natural Gas, Electric
Cooling YN: Yes
Cooling: Window Unit(s)
Location
Location Information
Directions: Pellissippi Parkway into Oak Ridge. Follow Illinois Avenue across Oak Ridge Turnpike. Right onto W Outer Drive. Right onto Wabash Lane. Left onto Wade Lane. Property is first building on left. (No sign on property.)