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Listing Details

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School Information

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Description

BACK ON MARKET -BUYER'S FINANCING FELL THRU. Great investment property! Has 3 rental homes, det. office/wkshop. 1.45 Acre Level tract of land w/ 192 front feet on Hwy 321 w/ apProx 22,000 cars daily. Continue as rentals or raze & build your business on this flexible site! As of 7/1/21 front & right rear home rented for income of $2100/mo. Approx 8% Cap Rate. Operating expenses estimated. All units have air conditioning. Note: tax assessor has this property under 2 addresses: 3247 and 3249 but both on same tract of land. Operating expenses include taxes, insurance & misc. Verbal estimate @ seller based on 2019. as 2020 had significant repairs to front home. New carpet & paint in front home. New gutters w/ leaf guard. Left rear home needs TLC, vacant.

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© 2021 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to The Cook Team | Keller Williams Signature. Information is deemed reliable but is not guaranteed accurate by the MLS or The Cook Team | Keller Williams Signature. Data last updated: 2021-08-05T23:51:19.377.
www.mybetterlivinghome.com/homes/104225856
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3247 E Lamar Alexander Pkwy Maryville, TN 37804

  • Price: $299,900
  • Status: Active
  • Updated: 28 min ago
  • ID#: 1111281
0
Beds
0
Baths
0
½ Baths
N/A
Acres
3,512
SQFT
$85
$/SQFT
1942
Built
County:
Blount
Area:
Maryville
Elementary School:
Walland
Middle School:
Heritage
High School:
Heritage
Property Description
BACK ON MARKET -BUYER'S FINANCING FELL THRU. Great investment property! Has 3 rental homes, det. office/wkshop. 1.45 Acre Level tract of land w/ 192 front feet on Hwy 321 w/ apProx 22,000 cars daily. Continue as rentals or raze & build your business on this flexible site! As of 7/1/21 front & right rear home rented for income of $2100/mo. Approx 8% Cap Rate. Operating expenses estimated. All units have air conditioning. Note: tax assessor has this property under 2 addresses: 3247 and 3249 but both on same tract of land. Operating expenses include taxes, insurance & misc. Verbal estimate @ seller based on 2019. as 2020 had significant repairs to front home. New carpet & paint in front home. New gutters w/ leaf guard. Left rear home needs TLC, vacant.
Exterior Features

Construction Frame Driveway Gravel Exterior Features Detached Workshop Garage Parking CarportDetached Lot Size F192 L 403 Rt 409 Rear 224 Siding Vinyl

Interior Features

Appliances Range/OvenRefrigerator Cooling Central Cooling Floors CarpetVinyl Fuel Electric Heat Central Other Rooms Mstr Bdrm Main Level

Property Features

Annual Oper Expenses 4000.00 Auction YN No City County Code County City Taxes 0.00 County Taxes 2362.31 Gross Annual Income 27840.00 Lease Information Back 2 Homes Are RentedFront Home is Newly Renovated And Vacant As is Adjoining Office Building. Miscellaneous Porch Multifamily Sub Type Other Net Operating Income 23840.00 New Financing CashConventional Owner Expenses Hvac MaintenanceInsuranceTaxes Property Status N/A Pud YN No Restrictions No Sale Includes Building And Land Tenant Expenses Tenant Pays All Util Total Tax 2362.31 Type Of Units 2 Bedroom Unit Units Leased 3.00 Utilities Mo Avg 0.00

Listing information © 2021 Knoxville Area Association of REALTORS®, Inc.
Listing provided courtesy of Town & Country - Realtors Of East Tn, Inc..


© 2021 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to The Cook Team | Keller Williams Signature. Information is deemed reliable but is not guaranteed accurate by the MLS or The Cook Team | Keller Williams Signature. Data last updated: 2021-08-05T23:51:19.377.
 
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The Cook Team | Keller Williams Signature
4823 Old Kingston Pike #320
Knoxville TN, 37919