151 Rainbolt St, Unit 4

Butler, TN 37640

$96,000
Last Sold Price
5
Beds
3,072 Sq. Ft.
$31 / Sq. Ft.
3,072
Sq. Ft.
$31
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 6/2/17
Closed 6/2/17
Photo 1
Photo 2
Photo 3
Photo 4
Apt 1 Living Area
Apt 1 Kitchen
Apt 1 Bedroom
Apt 1 Bathroom
Apt 2 Living Room
Apt 2 Bathroom
Apt 3 Living Room
Apt 3 Laundry Area
Apt 3 Kitchen
Apt 3 Bedroom
Apt 4 Living Room
Apt 4 Bathroom
Photo 17
Photo 18
Photo 19

Description

Four unit apartment complex, all on one level, located just across the street from Watauga Lake, with views of the Lake. Complex consists of one 2 bedroom unit and 3 one bedroom units. Each unit is separately metered for electricity, with the tenants paying their own heat and cooling bills. Property has been well maintained by the long term owner, with the following updates recently completed: New architectural roof in 2015, new appliances, 2011 thru 2015, and new floor coverings, 2010 thru 2015....Four unit apartment complex, all on one level, located just across the street from Watauga Lake, with views of the Lake. Complex consists of one 2 bedroom unit and 3 one bedroom units. Each unit is separately metered for electricity, with the tenants paying their own heat and cooling bills. Property has been well maintained by the long term owner, with the following updates recently completed: New architectural roof in 2015, new appliances, 2011 thru 2015, and new floor coverings, 2010 thru 2015. Three of the four units have laundry facilities. Plenty of parking with a three carport on site for tenant parking. Monthly rentals total $1,260. This is the only apartment building in Butler, and would appeal to the many people who love living near the Lake. Strong rental history, with past tenants staying for 5 to 8 years. This property has been so well maintained and updated, there is little left for a new owner to do. Just buy it and begin collecting income from their investment. Reasonably priced by motivated seller.
  1. Listed by David Collins • Collins & Co. Realtors & Auctioneers
  2. Listed by RUSS SWANAY • Collins & Co. Realtors & Auctioneers

Property Details for 151 Rainbolt Street, Unit 4

Architectural Style
1 Story
Zoning
Commercial
LISTING CLOSED: 06/02/2017 12:00 AM

Property Details for 151 Rainbolt Street, Unit 4

StatusClosed
MLS #390264
Days on Market51
Taxes$1,024 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / Quadruplex
Year Built1976
Lot Size0.40 AC / 17,424 SF
CountyJohnson County
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Location

Listing Courtesy of Collins & Co. Realtors & Auctioneers, David Collins (423.335.3078); Collins & Co. Realtors & Auctioneers, RUSS SWANAY (423.543.5741)

Sold By REMAX Checkmate, Inc. Realtors

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Building Information for 151 Rainbolt Street, Unit 4

Stories1Residences-Year Built1976Building Size-Lot Size0.40 AC / 17,424 SF

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$564 per month

30 year fixed, 6.36% Interest

Principal and Interest

$478

Property Taxes

$85

HOA Dues

$0

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Property Information for 151 Rainbolt Street, Unit 4

Summary
Location and General Information
  • City: Butler
  • County: Johnson
  • Directions: Take Hwy. 321 from Hampton to Butler, take the first left in the town of Butler on Rainbolt, see sign on left.
  • Latitude: 36.35
  • Longitude: -82.03
  • Postal Code: 37640
  • State Or Province: TN
  • MLS Area Major: 315 - Butler
  • MLS Area Minor: 315 - Butler
  • General Property Description : Zoning: Commercial
Taxes and HOA Information
  • Parcel Number: 021.00
  • Association Fee: 0.0
  • Location Tax Legal Info : Deed Book: 129
  • Location Tax Legal Info : Deed Page: 430
  • Location Tax Legal Info : City Taxes: $.00
  • Location Tax Legal Info : County Taxes: $1,024.26
School Information
  • High School: Johnson Co
  • Middle Or Junior School: Johnson Co
  • Elementary School: Little Milligan
Parking
  • Attached Garage: No
  • Carport Spaces: 3.00
Property
Lot Information
  • Lot Size Dimensions: 0
  • Lot Size Square Feet: 17,424.00
  • Lot Size Acres: 0.4
  • Lot Features: Sloped
  • Lot Size Area: .40
  • Lot Size Units: Acres
  • General Property Description : Acres: .40
Property and Assessments
  • Property Condition: Above Average
  • Property Type: Multi-Family
  • Year Built: 1976
  • Property Sub Type: Quadruplex
  • Property Type Label: Multi-Family
  • New Construction: No
Utilities
  • Sewer: Septic Tank
Interior and Exterior Features
Interior Features
  • Cooling: Wall Unit(s)
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Bathrooms Total Decimal: .00
  • Basement: Crawl Space
  • Flooring: Vinyl, Carpet
  • Bathrooms Total Integer: 0
  • Bathrooms Total Notational: .00
  • Cooling: Yes
  • Heating: Yes
  • General Property Description : Stories: 1
  • Appliances: Electric Range, Refrigerator
Exterior Features
  • Construction Materials: Stucco
  • Parking Features: Detached, Gravel
  • Roof: Shingle
  • Heating : Heat Pump: Baseboard
  • Walls : Drywall: Yes
  • Roof : Shingle: Yes
Multi Family
Multi-Family Information
  • General Property Description : # of Units: 4.00
  • Location Tax Legal Info : Unit #: 4
Unit 1
  • Unit 1 : # Units: 4
  • Unit 1 : # Half Baths: 0.0
  • Unit 1 : # Bathrooms: 4.0
  • Unit 1 : # Bedrooms: 5
  • Unit 1 : # Rooms: 16
  • Unit 1 : SqFt: 3072
  • Unit 1 : Monthly Rent: 1260

Property History for 151 Rainbolt Street, Unit 4

DateEvent & SourcePriceAppreciation
Jun 2, 2017

Closed

Tennessee Virginia Regional MLS #390264

$96,000—
Apr 13, 2017

Listed (Active)

Tennessee Virginia Regional MLS #390264

$99,900—
Oct 18, 2016

Expired

Tennessee Virginia Regional MLS #373018

$119,900—
DateEvent & SourcePrice
06/02/2017

Closed

Tennessee Virginia Regional MLS #390264

$96,000
04/13/2017

Listed (Active)

Tennessee Virginia Regional MLS #390264

$99,900
10/18/2016

Expired

Tennessee Virginia Regional MLS #373018

$119,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 151 Rainbolt Street, Unit 4

This home is within Johnson County School District.
Rating
School
Type
Grades
Distance
Doe Elementary School
Public - PK to 6
Johnson Co Middle School
Public - 7 to 8
Johnson Co High School
Public - 9 to 12
Roan Creek Elementary School
Public - PK to 6
Rating
School
Distance
Doe Elementary School
PublicPK to 6

Johnson Co Middle School
Public7 to 8

Johnson Co High School
Public9 to 12

Roan Creek Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Collins & Co. Realtors & Auctioneers, David Collins (423.335.3078); Collins & Co. Realtors & Auctioneers, RUSS SWANAY (423.543.5741)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 10/02/2023 07:26 PM