5305 W Andrew Johnson Hwy, Morristown, TN 37814
$1,200,000
Property Type:
Multi-Family
Square Footage:
20,206
Lot Size (sq. ft.):
132,858
Status:
Closed
Current Price:
$1,200,000
List Date:
4/22/2024
Last Modified:
10/03/2024
Description
6 bay auto repair shop building with 4 inground lifts, a sleeping room, office and bath with shower, a vacant commercial lot on West Andrew Johnson Highway and 13- 1 bedroom apartments and 1- 2 bedroom apartment with a full basement retained and used by the owner. Total current income is $166,800 annually. Pest Control Contract-$150.00 every 3 months. Water runs approximately $450-$475 per month. Laundry room brings in approximately $300.00 per month with an $80.00 expense for gas. Also, you could rent out the 7833 square foot basement.
More Information MLS# 1260178
Location, Tax & Legal Info
Area: Hamblen County - 38
Community: Alpha
City/County Code: City Limits
Elementary School: Alpha
Middle School: West View
Total Tax: 8150.27
High School: Morristown West
Contract Info
Auction Y/N: No
Listing Price: 2500000
Current Price: $1,200,000
Status: Closed
Listing Date: 2024-04-18
General Property Description
Lot Dimensions: 204 X 271
Lot Size SqFt: 132858
# Units Leased: 16
Restrictions: No
Utilities/Mo Avg: 750
Property Status: N/A
Driveway: Blacktop
SqFt - Total (Aprox): 20206
Number of Units: 16
Year Built: 1977
Remarks & Misc
Directions: On West Andrew Johnson across the highway form Morristown Chevrolet, on the corner of Panda.
Public Remarks: 6 bay auto repair shop building with 4 inground lifts, a sleeping room, office and bath with shower, a vacant commercial lot on West Andrew Johnson Highway and 13- 1 bedroom apartments and 1- 2 bedroom apartment with a full basement retained and used by the owner. Total current income is $166,800 annually. Pest Control Contract-$150.00 every 3 months. Water runs approximately $450-$475 per month. Laundry room brings in approximately $300.00 per month with an $80.00 expense for gas. Also, you could rent out the 7833 square foot basement.
Income/Expenses
Gross Annual Income: 166800
Property Sub-Type
Apartment: 1
Construction
Frame - Brick: 1
Type of Units
1 Bedroom Unit: 1
2 Bedroom Unit: 1
Unfurnished: 1
Siding
Brick: 1
Sale Includes
Building and Land: 1
Some Furnishings: 1
Miscellaneous
Coin Laundry: 1
Porch: 1
TV Cable Available: 1
Cooling
Central Cooling: 1
Floors
Carpet: 1
Vinyl: 1
Garage/Parking
Off-Street Parking: 1
On Premise Parking: 1
Tenant Expenses
Cooling: 1
Electricity: 1
Gas: 1
Heating: 1
Owner Expenses
Gas: 1
Water: 1
Fuel
Electric: 1
Gas (Natural): 1
Heat
Central: 1
Forced Air: 1
Other Rooms
Bedroom Main Level: 1
Breakfast Room: 1
Mstr Bdrm Main Level: 1
Roof
Metal: 1
Exterior Features
Porch - Covered: 1
Windows - Aluminum: 1
Windows - Dble Pane: 1
Misc Features
Internet Available: 1
Walk-In Closet(s): 1
New Financing
Cash: 1
New Loan: 1
Location Tax Legal Info
House #: 5305
St Dir: W
Street Name: Andrew Johnson
St Suffix: Hwy
State/Province: TN
Zip Code: 37814
PIN #: 048 018.05
Subdivision: Panther Village
Geo Lat: 36.18264
Geo Lon: -83.378969
Status Change Info
Status Change Date: 2024-10-03
Under Contract Date: 2024-08-24
Sold Date: 2024-09-30
Sold Price: $1,200,000
Property Features
Property Sub-Type: Apartment
Type of Units: 1 Bedroom Unit; 2 Bedroom Unit; Unfurnished
Sale Includes: Building and Land; Some Furnishings
Floors: Carpet; Vinyl
Tenant Expenses: Electricity; Gas
Owner Expenses: Gas; Water
Fuel: Electric; Gas (Natural)
Heat: Central; Forced Air
Cooling: Central Cooling
Construction: Frame - Brick
Roof: Metal
Siding: Brick
Exterior Features: Porch - Covered; Windows - Aluminum; Windows - Dble Pane
Misc Features: Internet Available; Walk-In Closet(s)
Other Rooms: Bedroom Main Level; Breakfast Room; Mstr Bdrm Main Level
Miscellaneous: Coin Laundry; Porch; TV Cable Available
New Financing: Cash; New Loan
Listing Office: Century 21 Masengill-McCrary
Office Phone: 423-586-6653
Last Updated: October - 03 - 2024
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