$460,000
$610,000
24.6%For more information regarding the value of a property, please contact us for a free consultation.
2,600 SqFt
SOLD DATE : 06/03/2024
Key Details
Sold Price $460,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 0.5
Square Footage 2,600 sqft
Price per Sqft $176
MLS Listing ID 20241230
Sold Date 06/03/24
Construction Status Updated/Remodeled
Originating Board River Counties Association of REALTORS®
Year Built 1995
Annual Tax Amount $689
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions .50 acre
Property Description
Peaceful country setting with great sunsets and view of the two horses graving next door. Just 3.5 miles from Interstate 75, Athens TN exit 49. Quadraplex is in excellent condition with 3 of the 4 units having 2 bedrooms and 1 bath. The 4th apartment is 1 bedroom and 1 bath, but approximately the same size. Each unit has washer/dryer hookups in the bathroom. The owner has remodeled with quality materials. Repair costs are virtually non-existent except for move out repainting or touching up paint. floors are vinyl and type allowing for small pets. Heat and air are individual electric wall units which heat and cool each apartment adequately with low utilities and low maintenance costs. Some exterior vinyl siding is in the process of replaced. Great rental records and above 7% cap rate. Must see the area to appreciate.
Location
State TN
County Mcminn
Zoning Commercial
Direction Apartments are approximately 3.5 miles from Interstate 75. From I-75 Exit 49 Athens TN, go West on Hwy 30 E 3 miles, turn left on Co Road 105, go .4 mile and turn right onto Co Rd 102. Apartments are on the left before getting to Idlewild Volunteer Fire department.
Body of Water Watts Bar, Hiwassee
Interior
Interior Features Laminate Counters, Eat-in Kitchen, Crown Molding
Heating Multi Units, Electric
Cooling Window Unit(s)
Flooring Tile, Vinyl
Appliance Electric Oven, Electric Range, Electric Water Heater, Refrigerator
Laundry See Remarks, Other
Exterior
Exterior Feature None
Parking Features Assigned, Gravel
Fence None
Utilities Available Water Connected, Sewer Connected, Electricity Connected
Roof Type Shingle
Total Parking Spaces 10
Building
Lot Description Rural, Cleared
Foundation Permanent, Slab
Lot Size Range 0.5
Sewer Septic Tank
Water Public
New Construction No
Construction Status Updated/Remodeled
Schools
Elementary Schools Rogers Creek
Middle Schools Rogers Creek
High Schools Mcminn County
Others
Tax ID 045 044.00
Security Features Fire Alarm
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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