Multifamily (Multi-Family)

204 North Shady St
Mountain City, TN 37683

Map & Directions

2 Story

FOR SALE

Price: $500,000 Price Per ft²: $147.62 List Date: 2021-08-02 DOM: 545
City Tax: $399 County Tax: $750

Year Built: 1937 About homes built before 1978

Total Area: 3,387 ft² (Finished & Unfinished)

Lot Size: 0.33 acre(s) Lot Dimensions: 100X104 and 49Mx100 IRR Topography: Level

Heating: Fireplace(s), Heat Pump Cooling: Ceiling Fan(s), Heat Pump, Whole House Fan Water & Sewage: Public

Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer

Description

Do you want to be in the Mountains but not off the grid? If so, then this is the house for you. Located in the quaint town of Mountain City, this spacious house offers loads of charm and spacious living with 2 separate apartments for rental income, mother-in-law suite or multi-family housing. The main house offers 4 bedroom, 2 bathroom two story home with high ceilings also boasts an eat-in kitchen, formal dining room, den/library/ possible 5th bedroom, and living room with lots of space. This home has two heat pumps and a partial basement. It also has an inviting front porch leading out to a magnificent level yard with beautiful trees, bushes and hedges. It has blown in insulation and the wiring has been replaced. It has a paved driveway with additional parking spaces. Each apartment has 1 bedroom, 1 bath, kitchen and living room. Both the main house and apartment provides easy access to downtown Mountain City, Ralph Stout Park and is near all three city schools. Let the income from the two apartments pay your mortgage bringing in $1050.00 per month. This home could be the home that you have been looking for so come and sit on the porch, take in the views and relax for a minute during your private showing. Mountain City's location and close proximity for outdoor activities such as boating, water skiing, fishing, hiking, rafting, snow skiing and camping is widely known. This home is zoned R-1 (Low Density) Residential District which will allow an in home business as long as 25% of the floor area of the dwelling unit shall be used in the conduct of the home occupation. Make your Mountain City, TN home a reality today! Buyer/Buyer's Agent to verify information here-in as information is taken from tax records.