$430,000
$450,000
4.4%For more information regarding the value of a property, please contact us for a free consultation.
5,332 SqFt
SOLD DATE : 08/27/2024
Key Details
Sold Price $430,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 0.84
Square Footage 5,332 sqft
Price per Sqft $80
MLS Listing ID 20241537
Sold Date 08/27/24
Construction Status Functional
Originating Board River Counties Association of REALTORS®
Year Built 1972
Annual Tax Amount $2,598
Lot Size 0.840 Acres
Acres 0.84
Property Description
🏢 Income-Producing 6-Unit Apartment Complex Near Town Center!
Discover an exceptional investment opportunity with this 6-unit apartment complex located just moments away from the heart of town. Here's why this property is a must-see:
🌆 Convenient Location: Situated close to the town center, residents enjoy easy access to shopping, dining, and entertainment, making it a desirable location for renters seeking convenience and accessibility.
💰 Solid Rent History: With a proven track record of consistent rental income, this property offers stability and reliability for investors looking to maximize their returns.
📈 Room for Rent Increases: Despite its strong rent history, there's still significant potential to increase rents, providing the opportunity for even greater cash flow and appreciation over time.
🔒 Secure Investment: With its solid rent history, prime location, and potential for increased income, this apartment complex presents a secure investment opportunity in the thriving rental market.
Don't miss out on this chance to own a lucrative piece of real estate with room for growth! Contact us today to arrange a viewing and secure this income-producing asset.
Location
State TN
County Rhea
Zoning Commercial
Direction Highway 27 North to Blythes Ferry and turn right. Left on Armstrong Ferry Road.
Interior
Interior Features Walk-In Closet(s), Ceiling Fan(s)
Heating Central, Electric
Cooling Central Air
Flooring Carpet, Vinyl
Appliance Electric Range, Refrigerator
Laundry Laundry Closet
Exterior
Exterior Feature Rain Gutters
Garage Parking Lot, Asphalt
Fence None
Utilities Available Water Connected, Sewer Connected, Electricity Connected
Waterfront No
Roof Type Shingle
Building
Lot Description Sloped
Foundation Block
Lot Size Range 0.84
Sewer Public Sewer
Water Public
New Construction No
Construction Status Functional
Schools
Elementary Schools Dayton City
Middle Schools Dayton City
High Schools Rhea County
Others
Tax ID 097h C 00200 000
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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