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3600/3610 Maynardville Hwy Maynardville, TN 37807
- Other / Resale (MLS)
Property Details for 3600/3610 Maynardville Hwy, Maynardville, TN 37807
Features
- Price/sqft: $153
- Total Units: 22
- Heating: Central Furnace
Facts
- Year Built: 01/01/1989
- Property ID: 831890754
- MLS Number: 1245217
- Property Type: Other
- County: UNION
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. INCOME PRODUCING/INVESTMENT OPPORTUNITY... 22 Unites Total, with twenty-one being 2-bedroom/1 Bath and one being 1-bedroom/1-bath. The latest 2/1 was rented at $1,200 per month. Owner has recently renovated 15 out of the 22 units. All renovated units have been released at higher monthly rates, increasing overall cashflow and value of the investment under new ownership. Current rental income per year is $230,000.00, with potential increases projected to be more than $270,000.00, as evidence from the new renovation leases and overall property improvements. Currently, all units are rented except for one undergoing renovation. All Units are comprised within two separate buildings. Renovations made to date include the following updates: new light fixtures, new countertops and backsplashes, repainting interiors, new flooring, black metal accents, and changing the exterior color scheme by fully repainting & repairing the siding where necessary. Unit Expenses - Tenants cover their own electricity costs. Water, pest control and trash expenses, are passed through form Owner to each Tenant at a prorated share. Conveniently located with easy access to Maynardville Hwy, this property is just 20 min to Fountain City and centrally situated in Maynardville, providing easy access to schools, stores, and local dining options.
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Property Brokerage:
Sexton Real Estate Services, Inc.
P. O. Box 1167
Norris
TN
37828
Copyright © 2024 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.