P
Seller's Agent in 2019
Penny Woodson
Realty Sales and Rentals, LLC
109 E G St Unit 8 Elizabethton, TN 37643
Estimated Value: $205,002 - $345,000
--
Bed
1
Bath
--
Sq Ft
0.66
Acres
Highlights
- Colonial Architecture
- 3 Car Attached Garage
- Landscaped
- Workshop
- Paneling
- Central Heating and Cooling System
About This Home
As of May 2019Great investment! Priced below Tax Apprised Value. Very rare opportunity to own a stately eight (8) unit apartment complex with high occupancy rate. The property features two (2) gray brick colonial style buildings with four (4) units in each building. All eight (8) apartments are 2 bedrooms, 1 bath units (+/- 1040 sq. ft.) with central heat and air. The apartments are sheetrock throughout and the floors are carpet and vinyl. Each unit includes a range, refrigerator, dish washer, heat pump, hot water heater, breaker panels and washer-dryer hookups which are conveniently located in each unusually large kitchen. Each bathroom has double sink vanities and full-size tub/showers. One building has a new 30-year shingle roof. The other building has four (4) full garages beneath the apartments. Off street parking is available for all apartments. All units are fully occupied and produce over $54,000.00 per year in gross rental income with room to grow income. The Tenants pay for their own electric. The Owner pays for the water. Located in the first block of West G Street in Elizabethton, these apartments are in a great location and rent easy.
Last Agent to Sell the Property
Penny Woodson
Realty Sales and Rentals, LLC License #287667 Listed on: 04/15/2019
Last Buyer's Agent
CC MILHORN
KW Johnson City License #290396
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,212
Year Built
- Built in 1972
Lot Details
- 0.66 Acre Lot
- Privacy Fence
- Landscaped
- Level Lot
- Property is in good condition
Parking
- 3 Car Attached Garage
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Block Foundation
- Composition Roof
Interior Spaces
- 2-Story Property
- Paneling
- Ceiling Fan
- Insulated Windows
Kitchen
- Gas Range
- Dishwasher
- Laminate Countertops
Flooring
- Carpet
- Vinyl
Basement
- Garage Access
- Block Basement Construction
- Workshop
- Crawl Space
Schools
- West Side Elementary School
- T A Dugger Middle School
- Elizabethton High School
Utilities
- Central Heating and Cooling System
- Heating System Uses Natural Gas
- Heat Pump System
- Cable TV Available
Community Details
- 2 Buildings
- Gross Income $54,000
Listing and Financial Details
- Assessor Parcel Number 018
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 20, 1989
Bought by
Laws Virginia T
Current Estimated Value
Purchase Details
Closed on
May 26, 1936
Bought by
Cundy Richard H
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Laws Virginia T | $75,800 | -- | |
| Cundy Richard H | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/10/2019 05/10/19 | Sold | $382,000 | -4.3% | -- |
| 04/18/2019 04/18/19 | Pending | -- | -- | -- |
| 04/15/2019 04/15/19 | For Sale | $399,000 | -- | -- |
Source: Tennessee/Virginia Regional MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,212 | $36,750 | $6,750 | $30,000 |
| 2023 | $1,212 | $36,750 | $0 | $0 |
| 2022 | $1,323 | $36,750 | $6,750 | $30,000 |
| 2021 | $746 | $36,750 | $6,750 | $30,000 |
| 2020 | $1,221 | $36,750 | $6,750 | $30,000 |
| 2019 | $1,221 | $28,275 | $3,675 | $24,600 |
| 2018 | $1,204 | $28,275 | $3,675 | $24,600 |
| 2017 | $1,204 | $28,275 | $3,675 | $24,600 |
| 2016 | $1,199 | $28,275 | $3,675 | $24,600 |
| 2015 | $1,202 | $28,275 | $3,675 | $24,600 |
| 2014 | $1,168 | $27,350 | $3,675 | $23,675 |
Source: Public Records
Agents Affiliated with this Home
-
-
C
Buyer's Agent in 2019
CC MILHORN
KW Johnson City
Map
Source: Tennessee/Virginia Regional MLS
MLS Number: 420131
APN: 041G-F-004.00
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