$1,266,000
Church Hill, TN 37642
MLS# 9947044
Status: Closed
12566 sqft
1 / 58
Property Description
Newer built brick apartment building with TONS are capital improvements that's an investors DREAM to own! Cash flow pro-forma at 12 CAP!!! Want to buy a property with virtually no deferred maintenance? Well..... here it is!! 13 units all of which are 2 bedrooms. 9 are townhouses that are 2 bedrooms 1.5 baths and the bottom 4 units are 2 bedrooms 1 bath with a large double vanity bathroom. Individually metered for water and electric, new windows(over $20k), new porches, most heat pumps have been replaced, and blacktop on the topside has been completely redone($25k). 2 flats downstairs have new paint, carpet, etc Plumbing access through the breezeway is fantastic! Two access points to pressure reducer valves, etc, sewer, etc. EASY! Yes, rents are low, but are coming up. There are 3 vacant units. 2 of which are flats on the bottom that have tenants moving in at $975 and $995. They were just completed. The townhouse unit #1 should rent for $1075 and would be ready end of January/early February. MULTIPLE OFFERS DUE IN TUESDAY JANUARY 17th BY 4PM!!! Buyer/Buyer's agent to verify
Details
Maps
Location, Tax & Legal Info
Lot #: 1
Parcel ID: 032 057.05
Deed Book #: 981
Deed Page #: 598
City Taxes: 2412.08
County Taxes: 5813.72
Contract Info
List Price/SqFt: 103.06
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 1295000
Current Price: $1,266,000
Listing Date: 2023-01-06
General Property Description
Lot Dimensions: 170x213x134x40x221
Acres: 0.92
Zoning: B-3
# Buildings: 1
Elementary School: Church Hill
# of Units: 13
Middle School: Church Hill
Total Units: 13
High School: Volunteer
Home Warranty: No
Property Sub-Type: Multi Family
Year Built: 1998
Total SqFt: 12566
Remarks & Misc
Directions: West Stone Drive(Lee Hwy) to church Hill Right onto Silver Lake Rd, Right onto Old Stage, Property on your right
Property Condition
Above Average: 1
Average: 1
Exterior Finish
Brick: 1
Vinyl Siding: 1
Unit 1
# Units: 13
SqFt: 12566
Unit 2
# Bedrooms: 2
Unit 3
# Bedrooms: 2
Levels
Two: 1
Unit 4
# Bedrooms: 2
Window Features
Double Pane Windows: 1
Heating
Central: 1
Heat Pump: 1
Info Available
Leases: 1
Pro-Forma Statement: 1
Profit/Loss Statement: 1
Rental Rolls: 1
AC
Central Air: 1
Heat Pump: 1
Utilities
Cable Available: 1
Water
Public: 1
Sewer
Public Sewer: 1
Topography/Lot Description
Rolling Slope: 1
Laundry Features
Washer Hookup: 1
Easements
None: 1
Financing
Cash: 1
Conventional: 1
Parking Features
Asphalt: 1
Existing Finance
Conventional: 1
Walls
Drywall: 1
Foundation
Block: 1
Structure Type
House: 1
Expenses Include
Property Insurance: 1
Repairs and Maint: 1
Utilities: 1
Waste: 1
See Remarks: 1
Location Tax Legal Info
Street #: 722
Street Name: Old Stage
St Suffix: Road
County: Hawkins
State/Province: TN
Zip Code: 37642
Subdivision: Not In Subdivision
Status Change Info
Date Pending: 2023-01-17
Sold Date: 2023-03-14
Sold Price: $1,266,000
Property Features
Property Condition: Above Average; Average
Levels: Two
Exterior Finish: Brick; Vinyl Siding
Parking Features: Asphalt
Heating: Central; Heat Pump
Laundry Features: Washer Hookup
Water: Public
Window Features: Double Pane Windows
Sewer: Public Sewer
Foundation: Block
AC: Central Air; Heat Pump
Utilities: Cable Available
Structure Type: House
Walls: Drywall
Info Available: Leases; Pro-Forma Statement; Profit/Loss Statement; Rental Rolls
Easements: None
Financing: Cash; Conventional
Existing Finance: Conventional
Expenses Include: Property Insurance; Repairs and Maint; Utilities; Waste; See Remarks
Listing Office: Bridge Pointe Real Estate Jonesborough
Last Updated: April - 25 - 2023
Information deemed reliable but not guaranteed.