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423-968-7653
Multifamily (Multi-Family)


Erwin, TN 37650

3+ Story, See Remarks  Stories: 3
FOR SALE
Price: $649,999  Price Per ft²: $inf  List Date: 2022-08-19  DOM:  41
City Tax: $1,111 County Tax: $1,702
Year Built: 1910 About homes built before 1978

Total Area: 0 ft² (Finished & Unfinished)

Lot Size: 0.01 acre(s)Lot Dimensions: 115x53x18x35x97x86Topography: Level
Heating: CentralCooling: Central AirWater & Sewage: Public

Description

Excellent investment opportunity in the heart of downtown Erwin, TN! This fixer-upper is a tremendous opportunity for multi-family investors, with projected monthly revenue up to $9200 after repairs! Take advantage of the historic character and create mid-to-high level rental units. Units range from nine small 1-bedroom apartments to two larger 2-bedroom apartments. Several could be converted to additional 2-bedrooms or 3-bedroom units. Immediate sidewalk access and off-street parking. Walking distance to downtown shops and restaurants. The ground level units could also easily be converted to retail/office space. Grab this opportunity while you can!

Community Information

Geographical
County: Unicoi
Subdivision:
Zoning: B3
School System
Rock Creek Elementary
Unicoi Co Middle
Unicoi Co High

Interior

Other Rooms: Breakfast, Other  Flooring: Ceramic Tile  Other Features: See Remarks 

Exterior

Porch, Patio, Decking Detail:  Other Roof: Shingle Exterior Finish: Brick Other Exterior: See Remarks

Photos

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