NOT LISTED FOR SALE

1301 Summer St Manchester, TN 37355

Estimated Value: $1,155,709

-- Bed
7 Baths
5,860 Sq Ft
$197/Sq Ft Est. Value

Last Sold November 01, 2023

Last sale price $1,070,000 $183 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $7,247/month

24 Days on Market

Highlights

  • No HOA
  • Carpet
  • Property has 1 Level
  • Central Heating and Cooling System

About This Home

As of November 2023

Prime investment opportunity! New Construction! Discover this Multi-plex complete with 7 units! Each unit is 2bd | 1bth, no carpet, and approx 880 sq ft. Separate electric and water meters for each unit for efficient and straightforward management. No HOA! Rents and Taxes are Estimates since new construction.

Last Agent to Sell the Property

Kasidy Lowe

Compass Tennessee, LLC Brokerage Phone: 9312734996 License # 339901 Listed on: 09/22/2023

Compass Tennessee, LLC

Last Buyer's Agent

Phil Phillips

Leading Edge Real Estate Group License #272961

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2023

Lot Details

  • 0.48

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 5,860 Sq Ft Home
  • Property has 1 Level

Flooring

  • Carpet
  • Laminate

Schools

  • College Street Elementary School
  • Westwood Middle School
  • Coffee County Central High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Listing and Financial Details

  • Total Actual Rent $4,400
  • Tax Lot 1-7
  • Assessor Parcel Number 085B C 02301 000

Community Details

Overview

  • No Home Owners Association
  • 7 Units
  • Dodge,Hwy 41 Summer Street Subdivision

Building Details

  • Gross Income $92,400
  • Net Operating Income $92,400

Property Details

Home Type

Multi-Family

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2023
  • Inclusions: APPLN,NOFUR
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Multi Family
  • Year Built Details: NEW
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Other
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Laminate
  • Above Grade Finished Sq Ft: 5860
  • Building Area Units: Square Feet
  • Living Area: 5860
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Other

Exterior Features

  • Construction Type: Brick
  • Pool Private: No
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric, Heat Pump
  • Heating Yn: Yes
  • Laundry Features: Individual
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: R4
  • Lot Size Units: Acres
  • Parcel #: 085B C 02301 000
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 92400
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 92400
  • Number Of Units Total: 7
  • Total Actual Rent: 4400

Tax Info

  • Tax Lot: 1-7

MLS Schools

  • Elementary School: College Street Elementary
  • High School: Coffee County Central High School
  • Middle Or Junior School: Westwood Middle School

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2023 11/01/23 Sold $1,070,000 -4.9% $183 / Sq Ft
10/16/2023 10/16/23 Pending -- -- --
09/22/2023 09/22/23 For Sale $1,125,000 -- $192 / Sq Ft
Source: Realtracs

Tax History Compared to Growth

Source: Public Records

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 -- $314,560 $56,000 $258,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2574042

Realtracs

APN: 085B-C-023.01