Listing ID9938267
Price$369,000
StatusContingent - Show
Acres
1.650
CountySullivan
Year Built1973
Property TypeMulti-Family
Property Sub TypeMulti-Family
Here's your opportunity to take over an entire portfolio of rentals. Eight separately parceled properties being sold together with a potential for 11 homes total. There are currently seven of the homes that have active renters, one home that needs some remodeling before a it can be rented. Two of the mobile homes need to be removed and replaced and one spot is vacant ready for a new home to be placed there. There's a combination of site built and mobile homes.All homes are on public sewer and water.The current owner has made a significant amount of improvements to the properties in the last couple of years. The fact that the property is split into separate parcels adds lots of flexibility for the next own to either keep it as an entire portfolio or sell the homes individually in the future.
County
Sullivan
Price Before Reduction
395000
Price Reduction Date
2022-07-28T18:46:41+00:00
Property Sub Type
Multi-Family
Property Type
Multi-Family
Subdivision
Ida Barrett Prop
Year Built
1973
Zoning
R 1B
AC
Heat Pump
Heating
Heat Pump
Construction
Manufactured, Site Built
Exterior Finish
Other, Vinyl Siding
Lot Dimensions
IRR
Lot Number
13
Number of Buildings
10
Number of Units
11
Sewer
Public Sewer
Style
Ranch, See Remarks
Total Units
11
Water
Public
Elementary School
Kennedy
Middle School
Sevier
High School
Dobyns Bennett
Topography/Lot Description
Level, Rolling Slope
Auction
No
Building 1: Monthly Rent
750
Building 2: Monthly Rent
550
Building 3: Monthly Rent
615
Building 4: Monthly Rent
715
City Taxes
1903.36
Contingent Type
Contingent - Show
County Taxes
2438.06
Easements
Power Line
Expenses Include
Property Insurance, Property Management, Taxes Real Estate
Foreclosure
No
Short Sale
No
Deed Book Number
3333
Deed Page Number
190
Document Count
6
Home Warranty
No
Info Available
Aerial, Leases, Rental Rolls
Property Condition
Average, Fixer, Updated/Remodeled
© 2023 Tennessee Virginia Regional MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of TVRMLS. Real estate listings held by IDX Brokerage firms other than Arbella Properties INC are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Information provided is deemed reliable but not guaranteed. Data last updated: Monday, February 6th, 2023 at 07:48:51 AM.
Contact - Listing ID 9938267
George Coates
1805 W. State of Franklin Suite 900
Johnson City, TN 37604
United States
Phone: 423-967-3823
Johnson City, TN 37604
United States
Phone: 423-967-3823
Data services provided by IDX Broker
