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3600/3610 Maynardville Hwy
Maynardville TN 37807 US

$2,300,000

Active Listing ID 1245217
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$2,300,000

Active Listing ID 1245217
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3600/3610 Maynardville Hwy INCOME PRODUCING/INVESTMENT OPPORTUNITY... 22 Unites Total, with twenty-one being 2-bedroom/1 Bath and one being 1-bedroom/1-bath. The latest 2/1 was rented at $1, 100 per month. Owner has recently renovated 13 out of the 22 units, with 3 additional renovations scheduled, pending the expiration of current Tenant leases. All renovated units have been released at higher monthly rates, increasing overall cashflow and value of the investment under new ownership. Current rental income per year is $230, 000.00, with potential increases projected to be more than $270, 000.00, as evidence from the new renovation leases and overall property improvements. Currently, all units are rented except for one undergoing renovation. All Units are comprised within two separate buildings. Renovations made to date include the following updates: new light fixtures, new countertops and backsplashes, repainting interiors, new flooring, black metal accents, and changing the exterior color scheme by fully repainting & repairing the siding where necessary. Unit Expenses - Tenants cover their own electricity costs. Water, pest control and trash expenses, are passed through form Owner to each Tenant at a prorated share. Conveniently located with easy access to Maynardville Hwy, this property is just 30 minutes from downtown Knoxville and centrally situated in Maynardville, providing easy access to schools, stores, and local dining options.

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Exterior Finish: Windows - Aluminum, Balcony
  • Floor Covering: Carpet, Laminate, Tile
  • Heating Fuels: Central Furnace

School Information

  • School
  • Maynardville(Elementary)
  • Maynardville(MiddleSchool)
  • Union County(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 2300000
  • unparsedaddress: 3600/3610 Maynardville Hwy
  • postalcity: Maynardville
  • stateorprovince: TN
  • country: US
  • postalcode: 37807
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0
  • lotsizeunits: Acres
  • livingarea: 15000
  • livingareaunits: Square Feet
  • latitude: 36.244012
  • longitude: -83.810707
  • listagentfullname: Ivann Garcia
  • listagentemail: ivann@sextonres.com
  • listagentkey: 3yd-KAARMLSTN-350026
  • listagentmlsid: 350026
  • listagentpreferredphone: 8653004300
  • listagentofficephone: 8653004300
  • listofficekey: 3yd-KAARMLSTN-2214
  • listofficemlsid: 2214
  • disclaimer: Copyright © 2024 Knoxville Area Association of Realtors ®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: KAARMLSTN
  • yearbuilt: 1989
  • listingcontractdate: 2023-11-07
  • countyorparish: Union County - 25
  • parcelnumber: 058P B 004.00
  • elementaryschool: Maynardville
  • highschool: Union County
  • appliances: Refrigerator
  • constructionmaterials: Frame
  • flooring: Carpet, Laminate, Tile
  • heating: Central Furnace
  • numberofunitstotal: 22
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • exteriorfeatures: Windows - Aluminum, Balcony
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -83.810707, 36.244012
  • customfields: {"AlternatePrices":[], "Expenses":[], "ListPriceCurrencyType":"USD", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/36003610-Maynardville-Hwy_Maynardville_TN_37807_M91929-96595?f=listhub&s=KAARMLSTN&m=1245217&c=rexren", "LeadRoutingEmail":"asexton@clandmail.com", "BrokerName":"Sexton Real Estate Services, Inc.", "ListingTitle":"Multi-Family - Maynardville, TN", "ListOfficeBrokerMlsId":"5334", "ListOfficeEmail":"asexton@clandmail.com", "ListOfficeAddress1":"P. O. Box 1167", "ListOfficeAddress2":null, "ListOfficeCity":"Norris", "ListOfficePostalCode":"37828", "ListOfficeStateOrProvince":"TN", "ListOfficeCountry":"US", "BuilderPhone":null, "BuilderFax":null, "BuilderEmail":null, "UnparsedAddress":null, "UnitNumber":null, "City":null, "StateOrProvince":null, "PostalCode":null, "Country":null, "ListBrokerageName":"Sexton Real Estate Services, Inc.", "ListBrokeragePhone":"865-300-4300", "ListBrokerageEmail":"asexton@clandmail.com", "ListBrokerageWebsiteUrl":null, "ListBrokerageLogoUrl":null, "ListBrokerageUnparsedAddress":"PO Box 1167", "ListBrokerageUnitNumber":null, "ListBrokerageCity":"Norris", "ListBrokerageStateOrProvince":"TN", "ListBrokeragePostalCode":"37828", "ListBrokerageCountry":"US", "RoomCount":null, "GeocodeOptions":null, "MLSModificationTimestamp":"2024-03-05T13:16:41Z", "Neighborhoods":[{"Name":"Union County - 25", "Description":null}], "Taxes":[{"TaxYear":null, "TaxAnnualAmount":5060.57, "TaxDescription":null}]}
Listing Changed: 3/26/2024 1:52:03 PM GMT
Source Updated Date: 5/4/2024 6:40:30 AM GMT

Courtesy of: Ivann Garcia, Sexton Real Estate Services, Inc., ivann@sextonres.com

Copyright © 2024 Knoxville Area Association of Realtors ®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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