NOT LISTED FOR SALE
-- Bed
-- Bath
18,900 Sq Ft
1976 Built

Last Sold January 22, 2016

Last sale price $875,000 $46 Per Sq Ft

235 Days on Market

About This Home

As of January 2016

Madison Square and Fairhill Apartments located across the street from each other and are being sold as a package by the same owner. Between them there are 28 units, all 1-BR. All brick buildings with gable roofs, in a quiet, suburban setting with mature trees. Units are all-electric and residents pay their own electricity. Roofs were replaced in 2013.13 10 13 10 Madison Square Apartments are at 206 Dahlia Dr. and has two buildings with 18 units total and a shed on 1.03 acres. Built in 1978,

Last Agent to Sell the Property

Steve Goldman

Goldman Partners Realty, LLC License #291309 Listed on: 02/05/2015

Co-Listed By

Solange Velas

Goldman Partners Realty, LLC License #263596

Last Buyer's Agent

Carl Simmons

Solid Rock Realty License #321593

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,807

Year Built

  • Built in 1976

Home Design

  • 18,900 Sq Ft Home

Flooring

  • Carpet
  • Vinyl

Outdoor Features

  • Balcony

Listing and Financial Details

  • The owner pays for trash collection, taxes, lawn maintenance
  • Assessor Parcel Number 058bh014

Community Details

Overview

  • 28 Units
  • Craig Shetterly Resub Lots 2 & 3 Subdivision

Building Details

  • Operating Expense $58,576
  • Net Operating Income $69,944

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,807

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Directions: Take Exit 6 for U.S. 441 toward Broadway, and take Broadway north toward Fountain City. Turn left onto Church St after approximately 1.3 miles. Then turn right onto Fountain Rd, then take a slight left onto Dahlia Dr. Destination will be on the right.
  • Prop. Type: Multi-Family
  • Year Built: 1976
  • Lot Size: 1.51
  • Co List Office Mls Id: 2120
  • Co List Office Phone: 865-444-3240
  • Subdivision Name: Craig Shetterly Resub Lots 2 & 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator
  • Owner Pays: Trash Collection, Taxes, Lawn Maintenance
  • Flooring: Carpet, Vinyl
  • ResoLivingAreaSource: Owner

Exterior Features

  • Exterior Features: Balcony

Lot Info

  • Parcel #: 058bh014

Multi Family

  • Number Of Units Total: 28
  • Annual Gross Income: 128520.0
  • Property Net Operating Income: 69944.0
  • Annual Operating Expense: 58576.0

Tax Info

  • Tax Annual Amount: 6806.87

Range of Values:

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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 Change Sq Ft Price
01/22/2016 01/22/16 Sold $875,000 -- $46 / Sq Ft
Source: East Tennessee REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 913542

East Tennessee REALTORS® MLS