Estimated payment $4,919/month
Highlights
- Deck
- Wood Flooring
- Porch
- South Side Elementary School Rated A
- No HOA
- Built-In Features
About This Home
West Walnut Close to full completion and with all that is happening with the downtown improvements, why would you not want a turnkey rental? Opportunities to own an 8-plex on the Tree Streets don't come around often so act fast. The apartments have been historically referred to as ''The Hive''. It provides 8 unique layouts varying between 1 and 2 bedroom units. The time period of construction is reflected in the detail of this beautiful building with many units having exposed brick built-ins and vintage hardwood floors. The building has heating and air in all apartments with a combination of mini splits and window units when necessary. This fully occupied building has been Updated and the metal roof was installed in 2020. With all that downtown has to offer, the demand will remain high for this property. Internet, water and sewer are included in rent. Two units also have power included. Rent rolls and financials available upon request.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,249
Year Built
- Built in 1913
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 50 x 151
- Sloped Lot
- Property is in average condition
Parking
- Deeded Parking
Home Design
- Cluster Home
- Brick Exterior Construction
- Metal Roof
Interior Spaces
- 2-Story Property
- Built-In Features
- Electric Range
Flooring
- Wood
- Concrete
Outdoor Features
- Deck
- Porch
Schools
- South Side Elementary School
- Indian Trail Middle School
- Science Hill High School
Utilities
- Window Unit Cooling System
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 054c J 005.00
- Tax Block 17
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 4 Units
- Tree Streets Subdivision
Building Details
- Gross Income $94,800
Home Values in the Area
Average Home Value in this Area
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 | $3,249 | $190,000 | $10,520 | $179,480 |
| 2023 | $3,135 | $145,800 | $0 | $0 |
| 2022 | $5,499 | $141,720 | $6,000 | $135,720 |
| 2021 | $3,956 | $101,960 | $5,960 | $96,000 |
| 2020 | $3,936 | $101,960 | $5,960 | $96,000 |
| 2019 | $1,743 | $101,960 | $5,960 | $96,000 |
| 2018 | $3,127 | $73,240 | $5,960 | $67,280 |
| 2017 | $3,127 | $73,240 | $5,960 | $67,280 |
| 2016 | $3,113 | $73,240 | $5,960 | $67,280 |
| 2015 | $2,820 | $73,240 | $5,960 | $67,280 |
| 2014 | $2,636 | $73,240 | $5,960 | $67,280 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/03/2025 08/03/25 | For Sale | $849,000 | +22.2% | -- |
| 07/15/2022 07/15/22 | Sold | $695,000 | 0.0% | $236 / Sq Ft |
| 07/03/2022 07/03/22 | Off Market | $695,000 | -- | -- |
| 11/18/2021 11/18/21 | For Sale | $725,000 | -- | $246 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $695,000 | Ensley Baker & Shade Pllc | |
| Warranty Deed | $238,865 | None Available | |
| Warranty Deed | $165,000 | None Available | |
| Deed | -- | -- | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $556,000 | New Conventional | |
| Previous Owner | $321,000 | Commercial | |
| Previous Owner | $64,000 | Commercial | |
| Previous Owner | $203,000 | Purchase Money Mortgage | |
| Previous Owner | $116,090 | Purchase Money Mortgage |
Source: Tennessee/Virginia Regional MLS
MLS Number: 9984005
APN: 054C-J-005.00
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