360 Sneed Hill Road
Description
potential. Currently 100% occupied, and vacancies last only a few days. ten
units are up and down townhomes in three seperate buildings on 1.5 acres,
2 bedroom, 1 bath homes. Gross rents at current Rent roll equal $55,800/year. Cap rate with no management company currently
listed at 7.9% for 2021 numbers, and a net operating income of
$30,500. Future income potential.
9 out of 10 units have been renovated since 2017, and capital expenditures...Passive income investment property with low rents and future income
potential. Currently 100% occupied, and vacancies last only a few days. ten
units are up and down townhomes in three seperate buildings on 1.5 acres,
2 bedroom, 1 bath homes. Gross rents at current Rent roll equal $55,800/year. Cap rate with no management company currently
listed at 7.9% for 2021 numbers, and a net operating income of
$30,500. Future income potential.
9 out of 10 units have been renovated since 2017, and capital expenditures
have been paid for electrical power panel, plumbing drainage lines, and
base board heaters replaced in 2017. Most leases are now month to month. Tenant pays electrical (other than basement meter), and Landlord pays
water and trash. Units do not have washer dryer hook up; A/C provided by
tenants via window units.
- Listed by JAY GOODSON • REMAX CHECKMATE, INC. REALTORS
Property Details for 360 Sneed Hill Road
Location
Sold By BRIDGE POINTE REAL ESTATE JONESBOROUGH, Laura Meade (423.482.9616)
Building Information for 360 Sneed Hill Road
Payment Calculator
$2,047 per month
30 year fixed, 6.55% Interest
$1,855
$191
$0
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1Property Information for 360 Sneed Hill Road
- City: Elizabethton
- County: Carter
- Directions: Heading south on Gap Creek Rd, turn slight left on to Coal chute, then Immediate left onto Bob Little Rd, After bend in rd, turn left onto Sneed Hill, property is on the left, Carriage House/.
- Latitude: 36.32
- Longitude: -82.23
- Postal Code: 37643
- State Or Province: TN
- General Property Description : Zoning: R
- Association: No
- Parcel Number: 049 048.02
- Association Fee: 0.0
- Location Tax Legal Info : Deed Book: 305
- Location Tax Legal Info : Deed Page: 913
- Location Tax Legal Info : City Taxes: $.00
- Location Tax Legal Info : County Taxes: $2,297.15
- General Property Description : HOA Fee: $.00
- High School: Happy Valley
- Middle Or Junior School: Happy Valley
- Elementary School: Happy Valley
- Attached Garage: No
- Lot Size Dimensions: 65340
- Lot Size Square Feet: 65,340.00
- Lot Size Acres: 1.5
- Lot Features: Sloped
- Lot Size Area: 1.50
- Lot Size Units: Acres
- Building Area Total: 3,200.00
- General Property Description : Acres: 1.50
- Property Condition: Average
- Property Type: Multi-Family
- Year Built: 1978
- Property Sub Type: Multi-Family
- Property Type Label: Multi-Family
- Documents Available: Confirmation of Agency, Other
- New Construction: No
- Construction : Site Built: Yes
- Sewer: Septic Tank
- Water Source: Public
- Electric: True
- # Fireplaces: 0
- Cooling: None
- Interior Features: Remodeled
- Other Structures: Storage
- Bathrooms Total Decimal: .00
- Bathrooms Total Integer: 0
- Bathrooms Total Notational: .00
- Cooling: No
- Heating: Yes
- General Property Description : Stories: 2
- Fireplace: No
- Appliances: Range, Refrigerator
- Construction Materials: Brick, Vinyl Siding
- Parking Features: Asphalt
- Patio And Porch Features: Deck, Rear Porch
- Roof: Shingle
- Heating : Heat Pump: Electric, Baseboard
- Other Structures : Storage: Yes
- Roof : Shingle: Yes
- Exterior Finish : Brick: Yes
- General Property Description : # of Units: 10.00
- General Property Description : Total Units: 10.00
- Location Tax Legal Info : Unit #: 0
- Income and Expenses : Gross Annual Income: 52220
- Income and Expenses : Vacancy Rate: 0
- Operating Expense Includes: Utilities, All Services, Lawn Maint, Repairs and Maint, Taxes Real Estate, Waste, Water/Sewer
- Unit 1 : # Units: 10
- Unit 1 : # Half Baths: 0.0
- Unit 1 : # Bathrooms: 1.0
- Unit 1 : # Bedrooms: 2
- Unit 1 : SqFt: 800
- Unit 1 : Monthly Rent: 450
- Unit 2 : SqFt: 800
- Unit 3 : SqFt: 800
- Unit 4 : SqFt: 800
Property History for 360 Sneed Hill Road
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jun 21, 2022 | Closed Tennessee Virginia Regional MLS #9936953 | $365,000 | — |
| May 11, 2022 | Closed (Public Record) Public Record #1490127500 | $365,000 | — |
| May 11, 2022 | Closed (Public Record) Public Record #1490127500 | $365,000 | +4.2% / yr |
| May 11, 2022 | Closed Tennessee Virginia Regional MLS #9926818 | $365,000 | — |
| Apr 27, 2022 | Contract - Not Showing Tennessee Virginia Regional MLS #9936953 | — | |
| Apr 26, 2022 | Listed (Active) Tennessee Virginia Regional MLS #9936953 | $385,000 | — |
| Jan 4, 2022 | Withdrawn Tennessee Virginia Regional MLS #9926818 | $425,000 | — |
| Aug 27, 2021 | Listed (Active) Tennessee Virginia Regional MLS #9926818 | $425,000 | — |
| May 2, 2016 | Closed (Public Record) Public Record #570056673 | $285,000 | — |
| May 2, 2016 | Closed Tennessee Virginia Regional MLS #369375 | $285,000 | — |
| Nov 6, 2015 | Price Change Tennessee Virginia Regional MLS #369375 | $325,000 | — |
| Oct 19, 2015 | Listed (Active) Tennessee Virginia Regional MLS #369375 | $359,900 | — |
| Date | Event & Source | Price |
|---|---|---|
| 06/21/2022 | Closed Tennessee Virginia Regional MLS #9936953 | $365,000 |
| 05/11/2022 | Closed (Public Record) Public Record #1490127500 | $365,000 |
| 05/11/2022 | Closed (Public Record) Public Record #1490127500 | $365,000 +4.2% / yr |
| 05/11/2022 | Closed Tennessee Virginia Regional MLS #9926818 | $365,000 |
| 04/27/2022 | Contract - Not Showing Tennessee Virginia Regional MLS #9936953 | — |
| 04/26/2022 | Listed (Active) Tennessee Virginia Regional MLS #9936953 | $385,000 |
| 01/04/2022 | Withdrawn Tennessee Virginia Regional MLS #9926818 | $425,000 |
| 08/27/2021 | Listed (Active) Tennessee Virginia Regional MLS #9926818 | $425,000 |
| 05/02/2016 | Closed (Public Record) Public Record #570056673 | $285,000 |
| 05/02/2016 | Closed Tennessee Virginia Regional MLS #369375 | $285,000 |
| 11/06/2015 | Price Change Tennessee Virginia Regional MLS #369375 | $325,000 |
| 10/19/2015 | Listed (Active) Tennessee Virginia Regional MLS #369375 | $359,900 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 360 Sneed Hill Road
Schools near 360 Sneed Hill Road
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | K to 12 | |||
| Public - | 9 to 12 | |||
| Public - | 5 to 8 |
Rating | School | Distance |
|---|---|---|
Valley Forge Elementary School PublicPK to 5 | ||
Carter County Online Academy PublicK to 12 | ||
Happy Valley High School Public9 to 12 | ||
Happy Valley Middle School Public5 to 8 |
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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Nearby home values
| Address | Sold price | Beds | Baths | Sqft | Lot (Sqft) |
|---|---|---|---|---|---|
This home: 360 Sneed Hill Road, Elizabethton, TN 37643 | $365,000 | 2 | – | 3,200 | 65,340 |
$106,200 | 3 | 2 | 1,680 | 15,681 | |
$48,000 | 3 | 2 | 1,488 | 15,681 | |
$87,500 | 3 | 2 | 1,416 | 14,810 | |
$117,500 | 3 | 3 | 1,550 | 19,602 | |
– | – | 1 | 848 | 71,003 | |
– | – | 1 | 1,344 | 12,197 | |
– | – | 1 | 1,188 | 69,696 | |
$116,500 | 3 | 2 | 1,560 | 49,658 | |
– | – | – | 924 | 117,612 | |
$232,900 | 3 | 2 | 1,916 | 46,188 | |
$26,000 | – | 3 | 2,023 | 74,923 | |
$195,000 | 4 | 2 | 1,779 | 14,810 | |
$230,000 | 3 | 2 | 1,308 | 91,476 | |
– | – | 2 | 2,064 | 43,560 | |
– | – | 2 | 2,088 | 989,248 |
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of REMAX CHECKMATE, INC. REALTORS, JAY GOODSON (423.612.3035)
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: 04/25/2023 01:57 PM