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3600/3610 Maynardville Hwy

Maynardville, TN 37807
  • $2,300,000
  • STATUS: Active
  • ON SITE: 247 Days
  • ID#: 1245217
UPDATED: 181 min ago
$2,300,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 15,000
    SQFT
  • $153
    $/SQFT
Type:
Multi-Family
Built:
1989
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

INCOME PRODUCING/INVESTMENT OPPORTUNITY... 22 Unites Total, with twenty-one being 2-bedroom/1 Bath and one being 1-bedroom/1-bath. The latest 2/1 was rented at $1,200 per month. Owner has recently renovated 15 out of the 22 units. All renovated units have been released at higher monthly rates, increasing overall cashflow and value of the investment under new ownership. Current rental income per year is $230,000.00, with potential increases projected to be more than $270,000.00, as evidence from the new renovation leases and overall property improvements. Currently, all units are rented except for one undergoing renovation. All Units are comprised within two separate buildings. Renovations made to date include the following updates: new light fixtures, new countertops and backsplashes, repainting interiors, new flooring, black metal accents, and changing the exterior color scheme by fully repainting & repairing the siding where necessary. Unit Expenses - Tenants cover their own electricity costs. Water, pest control and trash expenses, are passed through form Owner to each Tenant at a prorated share. Conveniently located with easy access to Maynardville Hwy, this property is just 20 min to Fountain City and centrally situated in Maynardville, providing easy access to schools, stores, and local dining options.

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© 2024 East Tennessee REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Key Mountain Realty, LLC. Information is deemed reliable but is not guaranteed accurate by the MLS or Key Mountain Realty, LLC. Data last updated: 2024-07-12T14:53:56.867.
www.homesinthesmokymountains.com/homes/145079566
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3600/3610 Maynardville Hwy Maynardville, TN 37807

  • Price: $2,300,000
  • Status: Active
  • On Site: 247 Days
  • Updated: 181 min ago
  • ID#: 1245217
0
Beds
0
Baths
0
½ Baths
N/A
Acres
15,000
SQFT
$153
$/SQFT
1989
Built
County:
Union
Area:
Maynardville
Elementary School:
Maynardville
Middle School:
Maynardville
High School:
Union County
Property Description
INCOME PRODUCING/INVESTMENT OPPORTUNITY... 22 Unites Total, with twenty-one being 2-bedroom/1 Bath and one being 1-bedroom/1-bath. The latest 2/1 was rented at $1,200 per month. Owner has recently renovated 15 out of the 22 units. All renovated units have been released at higher monthly rates, increasing overall cashflow and value of the investment under new ownership. Current rental income per year is $230,000.00, with potential increases projected to be more than $270,000.00, as evidence from the new renovation leases and overall property improvements. Currently, all units are rented except for one undergoing renovation. All Units are comprised within two separate buildings. Renovations made to date include the following updates: new light fixtures, new countertops and backsplashes, repainting interiors, new flooring, black metal accents, and changing the exterior color scheme by fully repainting & repairing the siding where necessary. Unit Expenses - Tenants cover their own electricity costs. Water, pest control and trash expenses, are passed through form Owner to each Tenant at a prorated share. Conveniently located with easy access to Maynardville Hwy, this property is just 20 min to Fountain City and centrally situated in Maynardville, providing easy access to schools, stores, and local dining options.
Exterior Features

Attached Garage YN No Exterior Features Windows - AluminumBalcony Garage Parking On Premise Parking Yes Parking Features On Premise Parking

Interior Features

Appliances Refrigerator Cooling Central Cooling Flooring LaminateCarpetTile Heating CentralElectric Misc Features Internet Available2 Yes Misc Features Washer Dryer Connect Yes

Property Features

Auction YN No Construction Materials FrameOther Fuel Electric Yes Listing Terms CashConventional New Financing Cash Yes New Financing Conventional Yes Property Status N/A Property Sub Type Apartment Yes Type Of Unit One Bedroom Yes Type Of Unit Two Bedroom Yes

Listing information © 2024 East Tennessee REALTORS®.
Listing provided courtesy of Sexton Real Estate Services, Inc.: 865-300-4300.


© 2024 East Tennessee REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Key Mountain Realty, LLC. Information is deemed reliable but is not guaranteed accurate by the MLS or Key Mountain Realty, LLC. Data last updated: 2024-07-12T14:53:56.867.
 
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Key Mountain Realty, LLC
626 Dolly Parton Pkwy
Sevierville TN, 37862