Multifamily (Multi-Family)

1408 State Line Rd, Elizabethton, TN 37643

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Ranch

FOR SALE

Price: $239,900 Price Per ft²: $inf List Date: 2023-12-28 DOM: 128
City Tax: $0 County Tax: $417

Year Built: 1968 pre-1978 Homes

Total Area: 0 ft² (Finished & Unfinished)

Lot Size: 0.68 acre(s) Lot Dimensions: see acres Topography: Level

Heating: Electric Cooling: None Water & Sewage: Public

Description

An investment opportunity awaits with this unique property featuring a main home featuring over 3600 square feet that has been torn out to the studs to re-work into what could be three separate apartments. Each with the possibility of having an open concept floor plan and having two bedrooms and two bathrooms. Each apartment could have around 1200 square feet per unit . Additionally there is a one bedroom apartment that is currently rented for $750.00 per month on a lease. Additionally there is a two car attached garage and 1 bay garage perfect for storage. This property features 216 feet of road frontage that could allow for additional driveway for parking. This home features brick construction and metal roof approximately 8 years old. This is a great investment that has a month cash flow potential easily around $4,000 per month. All information and square footage subject to buyer verification.