NOT LISTED FOR SALE

3366 Cosby Hwy Cosby, TN 37722

12 Beds
2 Baths
5 Sq Ft
2.31 Acres

Last Sold November 02, 2016

Last sale price $400,000 $80,000 Per Sq Ft

185 Days on Market

Highlights

  • No HOA
  • Cooling Available
  • Wood Siding
  • Brick or Stone Mason
  • Central Heating

About This Home

As of November 2016

Great investment opportunity. These apartments rent themselves. Situated right off Cosby Highway with great visibility. No advertising necessary. 2 buildings, 6 units in each for a total of 12 rental units. Each unit has 2BR/1.5BA. Currently rented between $400 and $550 a month. Recent updates have been made and currently working on updating two more units. New roof on the lower building and possibility of the current owners putting new roof on upper building and driveway repairs- negotiable. There is also a bill board on the corner of lot next to Highway with potential lease income.

Last Agent to Sell the Property

Karen Lay

Prime Mountain Properties License #311696 Listed on: 03/08/2016

Prime Mountain Properties

Last Buyer's Agent

Trish Turley

Prime Choice Realty License #334057

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,012

Year Built

  • Built in 1978

Lot Details

  • 2.31 Acre Lot
  • Property fronts a state road

Home Design

  • Brick or Stone Mason
  • Wood Siding
  • Vinyl Siding
  • Block And Beam Construction

Laundry

  • Washer and Dryer Hookup

Utilities

  • Cooling Available
  • Central Heating
  • Heat Pump System
  • Septic Tank
  • Septic Permit Issued

Community Details

  • No Home Owners Association
  • 12 Units

Listing and Financial Details

  • Tax Lot 14

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,012

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1978
  • Zoning: None
  • Reso Property Sub Type: Apartment
  • Road Frontage Type: State Road
  • Road Surface Type: Paved
  • Co List Office Mls Id: 325
  • Garage Yn: No
  • Location Tax and Legal Tax Lot2: 14
  • Location Tax and Legal:Tax Annual Amount: 3012.5
  • Location Tax and Legal Tax Year2: 2015
  • General Property Information Lot Size Acres: 2.31
  • General Property Information Bonus Room YN2: No
  • General Property Information Home Warranty YN: No
  • Water Source:Public: Yes
  • Sewer Septic Permit On File: Yes
  • General Property Information Lot Size Dimensions: 300/348/300/348
  • Road Frontage Type:State Road: Yes
  • General Property Information Number Of Units Total2: 12.0
  • 2 Bedroom Unit Details WD Hookups2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Street Number Modifier: 3366-3364

Exterior Features

  • Acres: 2.31
  • Home Warranty: No
  • Construction Type: Block, Brick, Vinyl Siding, Wood Siding
  • Construction Materials:Brick: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Construction Materials:Wood Siding: Yes
  • Construction Materials:Block: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Cooling: Electric, Heat Pump
  • Heating: Central
  • Sewer: Septic Tank, Septic Permit On File
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • HeatingCooling:Electric: Yes
  • Heating:Central: Yes
  • Sewer Septic Tank: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 300/348/300/348
  • Lot Size Sq Ft: 100623.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 3012.5
  • Tax Lot: 14

Multi Family

  • Number Of Units Total: 12

Range of Values:

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Average Value
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List Price
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
01/31/2020 01/31/20 Off Market $400,000 -- --
11/02/2016 11/02/16 Sold $400,000 -10.9% $80,000 / Sq Ft
09/09/2016 09/09/16 Pending -- -- --
03/08/2016 03/08/16 For Sale $449,000 -- $89,800 / Sq Ft
Source: Great Smoky Mountains Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Karen Lay

    Seller's Agent in 2016

    Karen Lay

    Prime Mountain Properties

    (865) 640-8070

    29 Total Sales

    Karen Lay
    Section Image

  • T

    Buyer's Agent in 2016

    Trish Turley

    Prime Choice Realty

    Section Image

  • S

    Buyer's Agent in 2016

    Steven Patterson

    Live in the Smokys

    (865) 771-2371

    6 Total Sales

    Steven Patterson
    Section Image
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Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 202337

Great Smoky Mountains Association of REALTORS®
Tennessee Cocke County Cosby 37722

3366 Cosby Hwy, Cosby, TN

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