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423-968-7653
Multifamily (Multi-Family)

360 Sneed Hill Rd
Elizabethton, TN 37643

2 Story, Townhouse  Stories: 2
FOR SALE – An offer has been accepted, BUT there are contigencies.
Price: $425,000  Price Per ft²: $132.81  List Date: 2021-08-08  DOM:  68
City Tax: $0 County Tax: $2,765Expenses Include: All Services, All Utilities, Lawn Maint, Property Insurance, Repairs and Maint, Taxes Real Estate, Waste, W
Year Built: 1978 

Lot Size: 1.50 acre(s)Lot Dimensions: 65340Topography: Sloped
Heating: Baseboard, ElectricCooling: NoneWater & Sewage: Public
Appliances: Range, Refrigerator

Description

Passive income investment property with low rents and future incomepotential. Currently 100% occupied, and vacancies last only a few days. tenunits are up and down townhomes in three seperate buildings on 1.5 acres,2 bedroom, 1 bath homes. Cap rate with no management company currentlylisted at 8.34% for 2021 numbers, and a projected net operating income of$35,465. Rents can be raised approximately $100-$200 per unit.9 out of 10 units have been renovated since 2017, and capital expenditureshave been paid for electrical power panel, plumbing drainage lines, andbase board heaters replaced in 2017.Most leases are now month to month.Tenant pays electrical (other than basement meter), and Landlord payswater and trash. Units do not have washer dryer hook up; A/C provided bytenants via window units.

Community Information

Geographical
County: Carter
Subdivision:
Zoning: R
School System
Happy Valley Elementary
Happy Valley Middle
Happy Valley High

Interior

Other Features: Remodeled 

Exterior

Porch, Patio, Decking Detail:  Deck, Rear Porch Roof: Architect Shingle Exterior Finish: Brick, Vinyl Siding 

Photos

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Listing by Remax Checkmate, Inc. Realtors
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