3600/3610 Maynardville Hwy, Maynardville, TN 37807

$2,500,000
15,000
SqFt
List Price
$2,500,000
MLS#
1245217
Status
ACTIVE
Type
Multifamily
City
Maynardville
County
Union County
Living Area
15,000
Year Built
1989

Property Description

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 $1,100 per month. Owner has recently renovated 13 out of the 22 units, with 3 additional renovations scheduled, pending the expiration of current Tenant leases. 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 30 minutes from downtown Knoxville and centrally situated in Maynardville, providing easy access to schools, stores, and local dining options.

Additional Information

Appliances
Refrigerator
Construction
Frame, Other
Cooling
Central Cooling
Exterior Features
Windows - Aluminum, Balcony
Floors
Laminate, Carpet, Tile
Garage
On Premise Parking
Living Area
15,000
Lot Dimensions
241x273
Year Built
1989

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Sexton Real Estate Services, Inc..

Agent: Ivann Garcia |

Office: Sexton Real Estate Services, Inc. |