107-109 West G Street
Elizabehton, TN 37643

Description

Great investment! Priced below Tax Apprised Value. Very rare opportunity to own a stately eight (8) unit apartment complex with high occupancy rate. The property features two (2) gray brick colonial style buildings with four (4) units in each building. All eight (8) apartments are 2 bedrooms, 1 bath units (+/- 1040 sq. ft.) with central heat and air. The apartments are sheetrock throughout and the floors are carpet and vinyl. Each unit includes a range, refrigerator, dish washer, heat pump, hot water heater, breaker panels and washer-dryer hookups which are conveniently located in each unusually large kitchen. Each bathroom has double sink vanities and full-size tub/showers. One building has a new 30-year shingle roof. The other building has four (4) full garages beneath the apartments. Off street parking is available for all apartments. All units are fully occupied and produce over $54,000.00 per year in gross rental income with room to grow income. The Tenants pay for their own electric. The Owner pays for the water. Located in the first block of West G Street in Elizabethton, these apartments are in a great location and rent easy.

Details

MLS#420131
Sub-TypeResale
StatusContingent
Year1972
Days On Site7

Features

Property ViewYes

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Area Information

StateTN
CountyCARTER
CityElizabehton
Zip Code37643
AreaCity of Elizabethton
Listing VS Median (in 37643)
Price:
$399,000
low | high
Med:
$124,900
100% of Average
On Site:
7
low | high
Med:
180
3.888888888889% of Average
Listing Updated: 04/23/2019
MLS Number: 420131
Listing Provided By:
Penny Woodson  of  REALTY SALES AND RENTALS LLC

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