1426 Mountain Ranch Road Rd, Newport, TN 37821
$489,500
Property Type:
Multi-Family
Status:
Closed
Current Price:
$489,500
List Date:
11/13/2015
Last Modified:
9/28/2021
Description
This property is being sold at absolute auction Thursday, December 10th at 12 noon. Two story building with 8 apartments, separate office building with open reception area, stone fireplace, office, 2 1/2 baths. All situated on 9.41 acres. A resort like setting with paved walking trail, drive and parking areas. Each unit has refrigerator,stove, dishwasher, central heat and air. rent ranges from $550 to $700 a month with a potential income of $65,000 annually.
More Information MLS# 946182
Location, Tax & Legal Info
Area: Cocke County - 39
City/County Code: County
Elementary School: Newport
Total Tax: 3420
Contract Info
Auction Y/N: Yes
Current Price: $489,500
Status: Closed
Listing Date: 2015-10-06
General Property Description
Lot Dimensions: 509x769x481xirr
Restrictions: Yes
Utilities/Mo Avg: 0
Property Status: N/A
Driveway: paved
Number of Units: 9
Year Built: 1987
Remarks & Misc
Directions: Interstate I-40 Exit 435 go right onto Cosby Hwy, at traffic light in front of Bojangles, turn left onto Cosby Cut-Off Road, then left onto Morrell Springs Road, then right on Green Acres Drive, bear right at the Y then right on Mountain Ranch Road. Go 1.1 miles to auction site.
Public Remarks: This property is being sold at absolute auction Thursday, December 10th at 12 noon. Two story building with 8 apartments, separate office building with open reception area, stone fireplace, office, 2 1/2 baths. All situated on 9.41 acres. A resort like setting with paved walking trail, drive and parking areas. Each unit has refrigerator,stove, dishwasher, central heat and air. rent ranges from $550 to $700 a month with a potential income of $65,000 annually.
Auction
Bidder Must Qualify: Yes
Buyers Premium: Yes
Buyers Premium %: 10
Remote Bidding: Yes
Real Estate Only: Yes
RE & Personal Prop: No
Auction Date: 2015-12-10
Auction Location: onsite
Auction Time: 12:00 pm
Open for Inspection Date: 2015-12-10
Property Sub-Type
Other: 1
Construction
Frame - Brick: 1
Type of Units
2 Bedroom Unit: 1
3 or more Bdrm Units: 1
Sale Includes
Building and Land: 1
Cooling
Central Cooling: 1
Floors
Carpet: 1
Vinyl: 1
Garage/Parking
Garage Spaces: 1
Detached: 1
Fuel
None: 1
Heat
Central: 1
Appliances
Range: 1
Refrigerator: 1
Other Rooms
Other: 1
Roof
Roof Info: shingles
New Financing
Cash: 1
Conventional: 1
Location Tax Legal Info
House #: 1426
Street Name: Mountain Ranch Road
St Suffix: Rd
State/Province: TN
Zip Code: 37821
PIN #: 10.05
Geo Lat: 35.923367
Geo Lon: -83.207231
Status Change Info
Status Change Date: 2016-02-09
Under Contract Date: 2015-12-10
Sold Date: 2015-12-10
Sold Price: $489,500
Property Features
Property Sub-Type: Other
Type of Units: 2 Bedroom Unit; 3 or more Bdrm Units
Sale Includes: Building and Land
Floors: Carpet; Vinyl
Fuel: None
Heat: Central
Cooling: Central Cooling
Appliances: Range; Refrigerator
Construction: Frame - Brick
Other Rooms: Other
New Financing: Cash; Conventional
Listing Office: Broyles Real Estate & Auction
Office Phone: 423-586-6103
Last Updated: September - 28 - 2021
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved.
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