NOT LISTED FOR SALE
-- Bed
-- Bath
12,340 Sq Ft
3.69 Acres

Last Sold September 03, 2021

Last sale price $761,000 $62 Per Sq Ft

Highlights

  • 3.69 Acre Lot
  • Wood Flooring
  • Central Heating
  • Carpenters Elementary School Rated 9+
  • Covered Patio or Porch

About This Home

As of September 2021

9-UNIT MULT-FAMILY PROPERTY! You don't want to miss this unique property with great cash flow and lots of additional upside! Converted from the old Rush Strong School, the property includes a mix of one, two, three, & four bedroom units. Half of the original gym still exists as a storage/workshop area. Situated on approximately 3.69 acres with mountain views, additional development potential may exist. Metal roof is approximately 10 years old. Do not disturb tenants or drive onto the property unless you have an appointment with the Listing Agent.

Last Agent to Sell the Property

Wesley Shotwell

Realty Executives Associates License #282296 Listed on: 06/07/2021

Realty Executives Associates

Co-Listed By

Michael Shotwell

Realty Executives Associates License #338045

Last Buyer's Agent

Tom Morris

Coldwell Banker Nelson Realtor

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 3.69 Acre Lot
  • Lot Dimensions are 304x697x223x721

Home Design

  • 12,340 Sq Ft Home
  • Brick Exterior Construction

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Additional Features

  • Covered Patio or Porch
  • Central Heating

Listing and Financial Details

  • The owner pays for gas, advertising, trash collection, taxes, insurance, lawn maintenance
  • Assessor Parcel Number 112 021.00 000

Community Details

Overview

  • 9 Units

Building Details

  • Operating Expense $22,678
  • Net Operating Income $60,782

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Directions: Old Niles Ferry Rd to L onto Mint Rd. Stay on Mint Rd approximately 4.5 miles. Property on the right.
  • Prop. Type: Multi-Family
  • Year Built: 1925
  • Lot Size Acres: 3.69
  • Lot Size: 304x697x223x721
  • Co List Office Mls Id: 228
  • Co List Office Phone: 865-531-2020
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Owner Pays: Gas, Advertising, Trash Collection, Taxes, Insurance, Lawn Maintenance
  • Flooring: Laminate, Hardwood, Carpet, Vinyl

Exterior Features

  • Exterior Features: Porch - Covered
  • Construction Type: Brick

Utilities

  • Heating: Central
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 160736.0
  • Parcel #: 112 021.00 000
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 9
  • Annual Gross Income: 83460.0
  • Property Net Operating Income: 60782.0
  • Annual Operating Expense: 22678.0

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 Change Sq Ft Price
09/03/2021 09/03/21 Sold $761,000 -- $62 / 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: 1155644

East Tennessee REALTORS® MLS