$1,099,000
Rogersville, TN 37857
MLS# 9962318
Status: Pending
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Property Description
14 Townhomes located downtown at 301 Park Blvd, Rogersville, TN. This property is well positioned for future ownership to implement a value-add strategy across units and bring rents up to market rate. Consisting of (2) 1 bedroom/1 bathroom flats, (10) 2 bedrooms/1.5 bathroom, and (2) 2 bedrooms/2 bathroom townhomes investors can underwrite based on comparable units in the market to an average of $200/month+ in moving rents to what is market for the area and further with future renovations.
Details
Maps
Location, Tax & Legal Info
Street #: 301
Street Name: Park
St Suffix: Boulevard
County: Hawkins
State/Province: TN
Zip Code: 37857
Parcel ID: 101h B 005.00
City Taxes: 3956.47
County Taxes: 6168.79
Contract Info
Status: Pending
Listing Price: 1099000
Current Price: $1,099,000
Listing Date: 2024-02-23
Buyer Broker: Yes
Buyer Broker Comm: 3
Buyer Broker Comm Type: %
Foreclosure: No
Short Sale: No
Auction: No
General Property Description
Lot Dimensions: 300 X 300 IRR
Acres: 1.8
Zoning: R-2
Property Sub-Type: Multi-Family
Total Units: 14
Year Built: 1973
Elementary School: Rogersville
Middle School: Rogersville
High School: Cherokee
HOA Y/N: No
Remarks & Misc
Public Remarks: 14 Townhomes located downtown at 301 Park Blvd, Rogersville, TN. This property is well positioned for future ownership to implement a value-add strategy across units and bring rents up to market rate. Consisting of (2) 1 bedroom/1 bathroom flats, (10) 2 bedrooms/1.5 bathroom, and (2) 2 bedrooms/2 bathroom townhomes investors can underwrite based on comparable units in the market to an average of $200/month+ in moving rents to what is market for the area and further with future renovations.
Directions: I-40 E toward Asheville take exit 421 toward Bristol onto I-81N. Take exit 8 toward Morristown on US-25E N. Take ramp onto Highway 11W (US-11W N) towards Rogersville. Go for 19miles. Turn right onto Park Blvd. Go for .2miles. Property is on the right.
Status Change Info
Date Pending: 2024-05-08
Unit 1
# Units: 2
# Bedrooms: 1
# Bathrooms: 1
Unit 2
# Units: 10
# Bedrooms: 2
# Bathrooms: 1
# Half Baths: 0.5
Unit 3
# Units: 2
# Bedrooms: 2
# Bathrooms: 2
Property Features
Style: Townhouse; Traditional
Exterior Finish: Brick
Topography/Lot Description: Level
Heating: Central
Water: Public
AC: Central Air
Construction: Site Built
Easements: None
Listing Office: SVN, Wood Properties
Last Updated: May - 08 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.