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
Documents
Rent Roll ›Listing Office: LeConte Realty, LLC
Office Phone: 865-268-4180
Last Updated: February - 16 - 2018
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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