606 Home Ave, Maryville, TN 37801

$1,375,000
Property Type: Commercial Square Footage: 27,769 Lot Size (sq. ft.): 88,427 Status: Closed
Current Price: $1,375,000 List Date: 12/08/2016 Last Modified: 2/16/2018

Description

* Current cap rate 8.5% * Excellent rental history with very low vacancy * Highly sought-after City of Maryville schools * 4 Multifamily Units (3-two story & 1-single story) * 30-two bedroom, 1-one bedroom, 1-three bedroom apartment units * 2-single family homes (one currently occupied by property manager) * Higher rents possible for many of the units (see attached rent roll) * Downtown location * Convenient to shopping, greenbelt, parks and major roads

More Information MLS# 986180

Location, Tax & Legal Info

Area: Blount County - 28 City/County Code: City Limits Total Tax: 20542

Contract Info

Auction Y/N: No Listing Price: 1495000 Current Price: $1,375,000 Status: Closed Listing Date: 2016-11-25

Location

Inside City: 1

General Property Description

Lot Dimensions: 150 X 76.8 IRR Acres: 2.03 # of Buildings: 6 Restrictions: Yes Stories: 2 Zoning: Central Communi Property Status: N/A # Parking Spaces: 58 Condition: Fair SqFt - Total (Aprox): 27769

Remarks & Misc

Directions: 321 toward Townsend to Left Home Avenue. Property on Right. Public Remarks: * Current cap rate 8.5% * Excellent rental history with very low vacancy * Highly sought-after City of Maryville schools * 4 Multifamily Units (3-two story & 1-single story) * 30-two bedroom, 1-one bedroom, 1-three bedroom apartment units * 2-single family homes (one currently occupied by property manager) * Higher rents possible for many of the units (see attached rent roll) * Downtown location * Convenient to shopping, greenbelt, parks and major roads

Income/Expenses

Gross Annual Income: 202423 Annual Oper Expenses: 72808

Commercial Type

Other: 1

Construction

Other: 1

Sale/Lease Includes

Apartment: 1 House: 1

Siding

Vinyl: 1 Other: 1

Road Access

Public Road: 1

Miscellaneous

Internet Available: 1

Cooling

Central Cooling: 1 Other: 1

Utilities on Site

Electric: 1 Public Water: 1 Sewer: 1

Fuel

Electric: 1

Additional Info

Other: 1

Easements

Recorded R.O.W.: 1 Other: 1

Heat

Central: 1

Expenses Included

Property Insurance: 1 Property Management: 1 Repair & Maint: 1 Taxes - Real Estate: 1 Utilities: 1 Other: 1

New Financing

Cash: 1 Conventional: 1

Showing

See Agent Instructns: 1

Location Tax Legal Info

House #: 606 Street Name: Home St Suffix: Ave State/Province: TN Zip Code: 37801 PIN #: 057f E 010.00 Geo Lat: 35.75367 Geo Lon: -83.984563

Status Change Info

Status Change Date: 2018-02-16 Under Contract Date: 2017-11-06 Sold Date: 2018-02-15 Sold Price: $1,375,000

IncomeExpenses

Net Operating Income: 129615

Property Features

Commercial Type: Other Road Access: Public Road Utilities on Site: Electric; Public Water; Sewer Additional Info: Other Fuel: Electric Heat: Central Cooling: Central Cooling; Other Location: Inside City Construction: Other Siding: Vinyl; Other Easements: Recorded R.O.W.; Other Expenses Included: Property Insurance; Property Management; Repair & Maint; Taxes - Real Estate; Utilities; Other Miscellaneous: Internet Available New Financing: Cash; Conventional Showing: See Agent Instructns
Listing Office: LeConte Realty, LLC
Office Phone: 865-268-4180
Last Updated: February - 16 - 2018
606 Home Ave, Maryville, TN 37801- MLS# 986180
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